The TJX Companies, Inc. (NYSE:TJX) Shares Purchased by MML Investors Services LLC

MML Investors Services LLC raised its holdings in The TJX Companies, Inc. (NYSE:TJX) by 13.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 128,476 shares of the apparel and home fashions retailer’s stock after acquiring an additional 14,866 shares during the period. MML Investors Services LLC’s holdings in TJX Companies were worth $15,101,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in TJX. First Trust Direct Indexing L.P. lifted its position in TJX Companies by 12.4% during the third quarter. First Trust Direct Indexing L.P. now owns 47,104 shares of the apparel and home fashions retailer’s stock worth $5,537,000 after buying an additional 5,207 shares during the period. Swedbank AB lifted its holdings in shares of TJX Companies by 45.9% during the 2nd quarter. Swedbank AB now owns 1,041,982 shares of the apparel and home fashions retailer’s stock worth $114,722,000 after acquiring an additional 327,684 shares during the period. EP Wealth Advisors LLC boosted its position in shares of TJX Companies by 229.8% in the second quarter. EP Wealth Advisors LLC now owns 221,497 shares of the apparel and home fashions retailer’s stock worth $24,387,000 after acquiring an additional 154,342 shares during the last quarter. Lombard Odier Asset Management Europe Ltd purchased a new stake in TJX Companies in the second quarter valued at approximately $2,310,000. Finally, Beck Capital Management LLC increased its position in TJX Companies by 38.8% during the third quarter. Beck Capital Management LLC now owns 24,184 shares of the apparel and home fashions retailer’s stock worth $2,843,000 after purchasing an additional 6,763 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

TJX has been the subject of several research reports. BMO Capital Markets boosted their price objective on shares of TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Evercore ISI raised their price objective on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Telsey Advisory Group reiterated an “outperform” rating and set a $134.00 target price on shares of TJX Companies in a report on Friday. Guggenheim increased their target price on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Finally, Morgan Stanley lifted their price target on shares of TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, TJX Companies has a consensus rating of “Moderate Buy” and a consensus price target of $130.89.

TJX Companies Price Performance

TJX stock opened at $125.91 on Tuesday. The company has a market capitalization of $141.54 billion, a PE ratio of 29.62, a P/E/G ratio of 3.10 and a beta of 0.90. 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 50 day moving average is $118.26 and its two-hundred day moving average is $114.58. The TJX Companies, Inc. has a 52-week low of $88.58 and a 52-week high of $128.00.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.05. The firm had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.03 earnings per share. Analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.19%. TJX Companies’s dividend payout ratio (DPR) is 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.