Metis Global Partners LLC Raises Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Metis Global Partners LLC raised its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 4.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 48,834 shares of the apparel and home fashions retailer’s stock after buying an additional 1,904 shares during the quarter. Metis Global Partners LLC’s holdings in TJX Companies were worth $5,740,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of TJX. Richard W. Paul & Associates LLC purchased a new stake in TJX Companies during the 2nd quarter valued at about $25,000. Capital Performance Advisors LLP purchased a new stake in TJX Companies during the 3rd quarter valued at about $29,000. Copeland Capital Management LLC acquired a new stake in shares of TJX Companies in the third quarter valued at approximately $30,000. New Millennium Group LLC purchased a new position in shares of TJX Companies during the 2nd quarter worth $34,000. Finally, Northwest Investment Counselors LLC acquired a new stake in TJX Companies during the third quarter worth $37,000. 91.09% of the stock is currently owned by institutional investors.

Insider Transactions at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of TJX Companies 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 transaction, the chief executive officer now owns 536,148 shares of the company’s stock, valued at $63,018,835.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Trading Up 0.1 %

NYSE TJX opened at $121.22 on Thursday. The firm has a market capitalization of $136.72 billion, a PE ratio of 29.27, a price-to-earnings-growth ratio of 3.03 and a beta of 0.89. The TJX Companies, Inc. has a one year low of $87.26 and a one year high of $121.92. The company has a 50-day simple moving average of $116.21 and a 200-day simple moving average of $111.21. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The business had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.31 billion. During the same period in the prior year, the firm earned $0.85 EPS. The business’s quarterly revenue was up 5.6% on a year-over-year basis. On average, equities analysts forecast that The TJX Companies, Inc. will post 4.14 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 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 dividend yield of 1.24%. TJX Companies’s dividend payout ratio (DPR) is 36.23%.

Analysts Set New Price Targets

Several brokerages have weighed in on TJX. Morgan Stanley increased their target price 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. Evercore ISI increased their price target on shares of TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. TD Cowen raised their price target on TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Barclays upped their price objective on TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Finally, UBS Group lifted their price target on shares of TJX Companies from $134.00 to $148.00 and gave the stock 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 given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $127.12.

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.