Zurcher Kantonalbank Zurich Cantonalbank Acquires 17,184 Shares of The TJX Companies, Inc. (NYSE:TJX)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 8.1% in the third quarter, Holdings Channel reports. The institutional investor owned 229,833 shares of the apparel and home fashions retailer’s stock after acquiring an additional 17,184 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in TJX Companies were worth $27,015,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. First Trust Direct Indexing L.P. raised its stake in shares of TJX Companies by 12.4% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 47,104 shares of the apparel and home fashions retailer’s stock valued at $5,537,000 after purchasing an additional 5,207 shares during the period. Swedbank AB grew its holdings in TJX Companies by 45.9% during the 2nd quarter. Swedbank AB now owns 1,041,982 shares of the apparel and home fashions retailer’s stock valued at $114,722,000 after buying an additional 327,684 shares in the last quarter. EP Wealth Advisors LLC increased its position in shares of TJX Companies by 229.8% during the second quarter. EP Wealth Advisors LLC now owns 221,497 shares of the apparel and home fashions retailer’s stock valued at $24,387,000 after buying an additional 154,342 shares during the period. Lombard Odier Asset Management Europe Ltd purchased a new stake in shares of TJX Companies in the second quarter worth about $2,310,000. Finally, Transform Wealth LLC boosted its position in shares of TJX Companies by 10.2% in the third quarter. Transform Wealth LLC now owns 92,705 shares of the apparel and home fashions retailer’s stock valued at $10,897,000 after acquiring an additional 8,553 shares during the period. Institutional investors own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

TJX has been the topic of a number of analyst reports. Wells Fargo & Company upped their target price on shares of TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a report on Thursday, August 22nd. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday. Evercore ISI lifted their price objective on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. TD Cowen boosted their target price on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Finally, Jefferies Financial Group raised their price target on TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $129.47.

TJX Companies Trading Down 0.5 %

Shares of TJX opened at $125.69 on Friday. The TJX Companies, Inc. has a fifty-two week low of $87.44 and a fifty-two week high of $128.00. The firm has a market cap of $141.76 billion, a price-to-earnings ratio of 29.57, a PEG ratio of 3.11 and a beta of 0.89. The firm has a 50 day moving average price of $117.29 and a 200-day moving average price of $113.26. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. During the same period in the previous year, the firm posted $1.03 earnings per share. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, equities research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 annualized dividend and a yield of 1.19%. TJX Companies’s payout ratio is 35.29%.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the completion of the sale, the chief executive officer now owns 536,148 shares of the company’s stock, valued at $63,018,835.92. This represents a 2.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.13% of the company’s stock.

TJX Companies Profile

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.