Cynosure Group LLC Boosts Stake in The TJX Companies, Inc. (NYSE:TJX)

Cynosure Group LLC lifted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 5.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,589 shares of the apparel and home fashions retailer’s stock after purchasing an additional 237 shares during the period. Cynosure Group LLC’s holdings in TJX Companies were worth $539,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Hartford Funds Management Co LLC grew its stake in TJX Companies by 0.5% in the 3rd quarter. Hartford Funds Management Co LLC now owns 17,926 shares of the apparel and home fashions retailer’s stock valued at $2,107,000 after buying an additional 86 shares in the last quarter. Stablepoint Partners LLC lifted its holdings in shares of TJX Companies by 0.3% during the 3rd quarter. Stablepoint Partners LLC now owns 26,922 shares of the apparel and home fashions retailer’s stock worth $3,164,000 after acquiring an additional 89 shares during the last quarter. Dearborn Partners LLC lifted its holdings in shares of TJX Companies by 4.0% during the 2nd quarter. Dearborn Partners LLC now owns 2,359 shares of the apparel and home fashions retailer’s stock worth $260,000 after acquiring an additional 90 shares during the last quarter. Concorde Asset Management LLC lifted its holdings in shares of TJX Companies by 2.8% during the 2nd quarter. Concorde Asset Management LLC now owns 3,330 shares of the apparel and home fashions retailer’s stock worth $367,000 after acquiring an additional 90 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC lifted its holdings in shares of TJX Companies by 3.4% during the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 2,706 shares of the apparel and home fashions retailer’s stock worth $318,000 after acquiring an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Analyst Ratings Changes

TJX has been the subject of several recent research reports. Jefferies Financial Group boosted their price target on shares of TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Loop Capital boosted their price target on shares of TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. UBS Group boosted their price objective on shares of TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Telsey Advisory Group restated an “outperform” rating and issued a $134.00 price objective on shares of TJX Companies in a research report on Wednesday, November 20th. Finally, Evercore ISI boosted their price objective on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, TJX Companies presently has an average rating of “Moderate Buy” and a consensus price target of $129.47.

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 15,000 shares of the business’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 sale, the chief executive officer now owns 536,148 shares of the company’s stock, valued at $63,018,835.92. The trade was a 2.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.13% of the stock is currently owned by insiders.

TJX Companies Price Performance

Shares of NYSE TJX opened at $126.36 on Thursday. The TJX Companies, Inc. has a 1 year low of $87.44 and a 1 year high of $128.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The company’s 50-day moving average is $116.97 and its 200 day moving average is $112.98. The stock has a market capitalization of $142.52 billion, a P/E ratio of 29.73, a P/E/G ratio of 3.10 and a beta of 0.89.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS 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 for the quarter, compared to analyst estimates of $13.95 billion. During the same quarter in the previous year, the firm posted $1.03 earnings per share. TJX Companies’s quarterly revenue was up 6.0% on a year-over-year basis. On average, sell-side analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

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

TJX Companies Company 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.