Quantbot Technologies LP Takes $922,000 Position in The TJX Companies, Inc. (NYSE:TJX)

Quantbot Technologies LP bought a new position in The TJX Companies, Inc. (NYSE:TJX) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 7,842 shares of the apparel and home fashions retailer’s stock, valued at approximately $922,000.

A number of other hedge funds also recently made changes to their positions in the company. Richard W. Paul & Associates LLC bought a new position in shares of TJX Companies during the 2nd quarter valued at approximately $25,000. Capital Performance Advisors LLP purchased a new stake in TJX Companies during the third quarter valued at $29,000. Truvestments Capital LLC bought a new position in TJX Companies during the third quarter valued at $29,000. Copeland Capital Management LLC bought a new position in TJX Companies during the third quarter valued at $30,000. Finally, New Millennium Group LLC bought a new stake in shares of TJX Companies in the 2nd quarter worth about $34,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TJX has been the subject of a number of analyst reports. 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 report on Thursday, August 22nd. Loop Capital lifted their target price on TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Bank of America increased their price target on TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Morgan Stanley lifted their price objective on shares of TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Finally, 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. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, TJX Companies has an average rating of “Moderate Buy” and an average price target of $129.47.

Insider Buying and Selling

In related 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 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. This trade represents a 2.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is currently owned by insiders.

TJX Companies Trading Down 0.5 %

TJX opened at $125.69 on Monday. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The stock’s fifty day moving average is $117.29 and its two-hundred day moving average is $113.46. The company has a market capitalization of $141.76 billion, a P/E ratio of 29.57, a PEG ratio of 3.09 and a beta of 0.89. The TJX Companies, Inc. has a 52 week low of $87.44 and a 52 week high of $128.00.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, beating the consensus estimate of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. During the same quarter last year, the firm posted $1.03 earnings per share. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. Analysts forecast 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. Stockholders of record on Thursday, November 14th will be paid 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 1.19%. TJX Companies’s dividend payout ratio is presently 35.29%.

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.