BNP PARIBAS ASSET MANAGEMENT Holding S.A. Increases Stock Position in The TJX Companies, Inc. (NYSE:TJX)

by · The Markets Daily

BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in The TJX Companies, Inc. (NYSE:TJX – Free Report) by 2.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,279,090 shares of the apparel and home fashions retailer’s stock after purchasing an additional 56,677 shares during the quarter. TJX Companies comprises approximately 0.7% of BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings, making the stock its 24th largest holding. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.20% of TJX Companies worth $267,884,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in TJX. Richard W. Paul & Associates LLC purchased a new stake in shares of TJX Companies during the 2nd quarter valued at about $25,000. Capital Performance Advisors LLP bought a new position in TJX Companies during the 3rd quarter valued at about $29,000. Copeland Capital Management LLC bought a new position in TJX Companies during the 3rd quarter valued at about $30,000. New Millennium Group LLC bought a new position in TJX Companies during the 2nd quarter valued at about $34,000. Finally, Anfield Capital Management LLC bought a new position in TJX Companies during the 2nd quarter valued at about $37,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Trading Up 0.2 %

Shares of TJX Companies stock opened at $119.74 on Thursday. The stock has a market cap of $135.05 billion, a PE ratio of 28.92, a price-to-earnings-growth ratio of 3.03 and a beta of 0.89. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60. The firm has a fifty day moving average price of $116.46 and a 200 day moving average price of $112.09. The TJX Companies, Inc. has a 1 year low of $87.44 and a 1 year high of $122.10.

TJX Companies (NYSE:TJX – Get Free Report) last released 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. The company had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The firm’s revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the business earned $1.03 earnings per share. Equities research analysts predict that The TJX Companies, Inc. will post 4.14 earnings per share for the current year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.50 annualized dividend and a yield of 1.25%. TJX Companies’s dividend payout ratio is presently 36.23%.

Wall Street Analyst Weigh In

TJX has been the topic of a number of research analyst reports. BMO Capital Markets upped their target price on shares of TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. UBS Group increased their price objective on shares of TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Wells Fargo & Company increased their price objective 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. Telsey Advisory Group reiterated an “outperform” rating and set a $134.00 price objective on shares of TJX Companies in a research note on Wednesday. Finally, Bank of America increased their price objective on shares of TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $127.41.

Get Our Latest Stock Report on TJX

Insider Activity 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 shares were sold at an average price of $117.54, for a total value of $1,763,100.00. Following the sale, the chief executive officer now owns 536,148 shares in the company, 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 owned by company insiders.

TJX Companies Profile

(Free Report)

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.

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