Conway Capital Management Inc. Buys Shares of 5,299 The TJX Companies, Inc. (NYSE:TJX)

Conway Capital Management Inc. bought a new position 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 Securities and Exchange Commission (SEC). The fund bought 5,299 shares of the apparel and home fashions retailer’s stock, valued at approximately $623,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. NorthCrest Asset Manangement LLC increased its position in TJX Companies by 10.7% during the 2nd quarter. NorthCrest Asset Manangement LLC now owns 3,261 shares of the apparel and home fashions retailer’s stock worth $359,000 after purchasing an additional 316 shares in the last quarter. Great Valley Advisor Group Inc. grew its holdings in shares of TJX Companies by 659.3% during the second quarter. Great Valley Advisor Group Inc. now owns 25,777 shares of the apparel and home fashions retailer’s stock worth $2,838,000 after buying an additional 22,382 shares in the last quarter. Deltec Asset Management LLC lifted its stake in shares of TJX Companies by 31.0% during the second quarter. Deltec Asset Management LLC now owns 13,100 shares of the apparel and home fashions retailer’s stock valued at $1,442,000 after buying an additional 3,100 shares during the period. ORG Partners LLC boosted its position in TJX Companies by 2,327.2% during the second quarter. ORG Partners LLC now owns 1,966 shares of the apparel and home fashions retailer’s stock worth $218,000 after acquiring an additional 1,885 shares during the last quarter. Finally, Addenda Capital Inc. boosted its position in TJX Companies by 1.3% during the second quarter. Addenda Capital Inc. now owns 122,931 shares of the apparel and home fashions retailer’s stock worth $13,535,000 after acquiring an additional 1,576 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. TD Cowen increased their price target on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Citigroup lowered TJX Companies from a “buy” rating to a “neutral” rating and raised their price target for the stock from $110.00 to $128.00 in a research note on Thursday, August 22nd. UBS Group upped 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. Loop Capital raised their target price on shares of TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Finally, Evercore ISI upped their price target on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $130.89.

TJX Companies Stock Performance

Shares of TJX opened at $125.91 on Tuesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The TJX Companies, Inc. has a 1 year low of $88.58 and a 1 year high of $128.00. The firm has a fifty day moving average of $118.26 and a 200-day moving average of $114.58. The company has a market cap of $141.54 billion, a price-to-earnings ratio of 29.62, a price-to-earnings-growth ratio of 3.10 and a beta of 0.90.

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

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.19%. TJX Companies’s payout ratio is currently 35.29%.

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.