1,725 Shares in The TJX Companies, Inc. (NYSE:TJX) Acquired by Oak Ridge Investments LLC

Oak Ridge Investments LLC bought a new position in The TJX Companies, Inc. (NYSE:TJX) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,725 shares of the apparel and home fashions retailer’s stock, valued at approximately $203,000.

Other hedge funds also recently bought and sold shares of the company. Richard W. Paul & Associates LLC bought a new stake in TJX Companies in the 2nd quarter worth approximately $25,000. Copeland Capital Management LLC purchased a new position in TJX Companies in the 3rd quarter worth approximately $30,000. New Millennium Group LLC purchased a new position in TJX Companies in the 2nd quarter worth approximately $34,000. Northwest Investment Counselors LLC purchased a new position in TJX Companies in the 3rd quarter worth approximately $37,000. Finally, Anfield Capital Management LLC purchased a new position in TJX Companies in the 2nd quarter worth approximately $37,000. Institutional investors own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TJX. Robert W. Baird boosted their target price on TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Jefferies Financial Group boosted their target price on TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Telsey Advisory Group reissued an “outperform” rating and set a $128.00 target price on shares of TJX Companies in a research note on Wednesday, August 21st. Loop Capital boosted their target price on TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Finally, Citigroup lowered TJX Companies from a “buy” rating to a “neutral” rating and lifted their price target for the company from $110.00 to $128.00 in a research report on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $126.76.

Insider Transactions at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total value of $1,763,100.00. Following the transaction, the chief executive officer now owns 536,148 shares of the company’s stock, valued at $63,018,835.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Stock Down 0.6 %

TJX Companies stock opened at $112.39 on Friday. The stock has a market cap of $126.76 billion, a PE ratio of 27.15, a price-to-earnings-growth ratio of 2.86 and a beta of 0.89. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21. The TJX Companies, Inc. has a one year low of $87.26 and a one year high of $121.13. The stock has a fifty day moving average of $116.42 and a 200 day moving average of $109.83.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The company had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.31 billion. During the same quarter in the prior year, the business earned $0.85 earnings per share. TJX Companies’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, sell-side analysts predict that The TJX Companies, Inc. will post 4.15 EPS for the current year.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is currently 36.23%.

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.