Bretton Capital Management LLC Invests $5.52 Million in The TJX Companies, Inc. (NYSE:TJX)

Bretton Capital Management LLC acquired a new stake in shares of The TJX Companies, Inc. (NYSE:TJX) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 47,000 shares of the apparel and home fashions retailer’s stock, valued at approximately $5,524,000. TJX Companies accounts for 5.3% of Bretton Capital Management LLC’s portfolio, making the stock its 7th biggest holding.

Several other hedge funds also recently bought and sold shares of TJX. Stablepoint Partners LLC lifted its holdings in shares of TJX Companies by 0.3% in 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 buying an additional 89 shares during the period. Dearborn Partners LLC raised its holdings in shares of TJX Companies by 4.0% in the second quarter. Dearborn Partners LLC now owns 2,359 shares of the apparel and home fashions retailer’s stock valued at $260,000 after acquiring an additional 90 shares in the last quarter. Concorde Asset Management LLC lifted its stake in TJX Companies by 2.8% in the second 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 period. Sound Income Strategies LLC grew its holdings in TJX Companies by 3.8% during the 3rd quarter. Sound Income Strategies LLC now owns 2,507 shares of the apparel and home fashions retailer’s stock worth $295,000 after acquiring an additional 91 shares in the last quarter. Finally, Wambolt & Associates LLC increased its position in TJX Companies by 1.4% during the 2nd quarter. Wambolt & Associates LLC now owns 6,791 shares of the apparel and home fashions retailer’s stock valued at $751,000 after purchasing an additional 94 shares during the period. Institutional investors own 91.09% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on TJX shares. TD Cowen lifted their price objective on shares of TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Bank of America boosted their price target on TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Barclays boosted their price objective on shares of TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a research report on Sunday, September 15th. Finally, 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 report 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. Based on data from MarketBeat, TJX Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $127.12.

Insider Activity at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 536,148 shares in the company, valued at approximately $63,018,835.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.13% of the stock is owned by corporate insiders.

TJX Companies Stock Up 1.1 %

Shares of TJX stock opened at $121.19 on Thursday. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37. The stock has a market cap of $136.69 billion, a P/E ratio of 29.27, a P/E/G ratio of 3.03 and a beta of 0.89. The stock has a 50 day moving average of $116.21 and a 200 day moving average of $111.21. The TJX Companies, Inc. has a twelve month low of $87.26 and a twelve month high of $121.92.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, beating the consensus estimate of $0.92 by $0.04. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The company had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. During the same quarter last year, the business earned $0.85 earnings per share. The firm’s revenue was up 5.6% on a year-over-year basis. As a group, sell-side analysts expect that The TJX Companies, Inc. will post 4.14 EPS for the current year.

TJX Companies Announces Dividend

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 paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Thursday, November 14th. 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.