Baker Avenue Asset Management LP Has $633,000 Stake in The TJX Companies, Inc. (NYSE:TJX)

Baker Avenue Asset Management LP boosted its stake in The TJX Companies, Inc. (NYSE:TJX) by 35.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,384 shares of the apparel and home fashions retailer’s stock after acquiring an additional 1,416 shares during the quarter. Baker Avenue Asset Management LP’s holdings in TJX Companies were worth $633,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TJX. Avantax Advisory Services Inc. lifted its stake in TJX Companies by 2.6% in the 1st quarter. Avantax Advisory Services Inc. now owns 24,337 shares of the apparel and home fashions retailer’s stock valued at $2,468,000 after acquiring an additional 607 shares in the last quarter. Bleakley Financial Group LLC lifted its position in shares of TJX Companies by 2.7% in the first quarter. Bleakley Financial Group LLC now owns 21,193 shares of the apparel and home fashions retailer’s stock worth $2,149,000 after purchasing an additional 561 shares in the last quarter. Edmond DE Rothschild Holding S.A. boosted its holdings in TJX Companies by 5.8% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 3,317 shares of the apparel and home fashions retailer’s stock worth $336,000 after purchasing an additional 182 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in TJX Companies by 35.6% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 3,189,142 shares of the apparel and home fashions retailer’s stock valued at $323,443,000 after purchasing an additional 837,691 shares in the last quarter. Finally, Koshinski Asset Management Inc. increased its stake in TJX Companies by 219.8% in the 1st quarter. Koshinski Asset Management Inc. now owns 13,579 shares of the apparel and home fashions retailer’s stock valued at $1,377,000 after buying an additional 9,333 shares during the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction dated 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 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.13% of the stock is currently owned by insiders.

TJX Companies Stock Up 0.2 %

TJX opened at $118.06 on Tuesday. 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 stock has a fifty day moving average of $116.07 and a 200-day moving average of $110.82. The TJX Companies, Inc. has a fifty-two week low of $87.26 and a fifty-two week high of $121.13. The company has a market capitalization of $133.16 billion, a P/E ratio of 28.52, a P/E/G ratio of 2.98 and a beta of 0.89.

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

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.27%. TJX Companies’s payout ratio is 36.23%.

Analyst Ratings Changes

Several brokerages have recently weighed in on TJX. Telsey Advisory Group restated an “outperform” rating and issued a $128.00 price objective on shares of TJX Companies in a report on Wednesday, August 21st. Loop Capital boosted their price target on TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Evercore ISI increased their price objective on TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a report on Monday, August 19th. TD Cowen boosted their target price on shares of TJX Companies from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Finally, Wells Fargo & Company increased their price target on shares of TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a research note on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $126.76.

About TJX Companies

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.