Hudson Value Partners LLC Invests $253,000 in The TJX Companies, Inc. (NYSE:TJX)

Hudson Value Partners LLC bought a new stake in The TJX Companies, Inc. (NYSE:TJX) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,150 shares of the apparel and home fashions retailer’s stock, valued at approximately $253,000.

Other hedge funds have also bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its stake in TJX Companies by 35.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock worth $1,249,237,000 after purchasing an additional 3,255,849 shares during the last quarter. PineStone Asset Management Inc. raised its holdings in shares of TJX Companies by 134.2% during the 2nd quarter. PineStone Asset Management Inc. now owns 5,467,797 shares of the apparel and home fashions retailer’s stock valued at $602,004,000 after buying an additional 3,132,960 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in TJX Companies by 33.4% in the second quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer’s stock worth $1,347,934,000 after buying an additional 3,063,318 shares in the last quarter. Capital Wealth Planning LLC bought a new position in TJX Companies during the second quarter valued at approximately $315,698,000. Finally, Los Angeles Capital Management LLC raised its stake in shares of TJX Companies by 80.6% during the second quarter. Los Angeles Capital Management LLC now owns 2,943,176 shares of the apparel and home fashions retailer’s stock worth $324,044,000 after acquiring an additional 1,313,517 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

Insider Transactions at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of TJX Companies 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 completion of the transaction, the chief executive officer now owns 536,148 shares of the company’s stock, valued at $63,018,835.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on TJX. Barclays increased their target price on shares of TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. UBS Group raised their price objective on TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Loop Capital increased their target price on TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a research note on Sunday, September 15th. Finally, TD Cowen raised their price target 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. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $126.76.

TJX Companies Trading Up 1.1 %

NYSE TJX opened at $116.85 on Friday. The firm has a market capitalization of $131.79 billion, a PE ratio of 28.22, a P/E/G ratio of 2.92 and a beta of 0.89. The stock’s 50 day moving average is $116.07 and its 200 day moving average is $110.39. The TJX Companies, Inc. has a twelve month low of $87.26 and a twelve month high of $121.13. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37.

TJX Companies (NYSE:TJX) last announced its earnings results 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. The firm had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The company’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.85 EPS. Research analysts forecast that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.375 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.50 annualized dividend and a dividend yield of 1.28%. TJX Companies’s payout ratio is 36.23%.

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.