Westfield Capital Management Co. LP Has $8.28 Million Holdings in The TJX Companies, Inc. (NYSE:TJX)

Westfield Capital Management Co. LP raised its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 70,408 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,209 shares during the period. Westfield Capital Management Co. LP’s holdings in TJX Companies were worth $8,276,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Ameriprise Financial Inc. grew its holdings in shares of TJX Companies by 33.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer’s stock valued at $1,347,934,000 after acquiring an additional 3,063,318 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in TJX Companies by 11.8% in the second quarter. Dimensional Fund Advisors LP now owns 6,265,171 shares of the apparel and home fashions retailer’s stock valued at $689,812,000 after purchasing an additional 662,681 shares in the last quarter. 1832 Asset Management L.P. raised its stake in shares of TJX Companies by 14.2% during the 2nd quarter. 1832 Asset Management L.P. now owns 6,116,142 shares of the apparel and home fashions retailer’s stock worth $673,387,000 after purchasing an additional 759,427 shares in the last quarter. Clearbridge Investments LLC lifted its holdings in shares of TJX Companies by 5.8% during the 2nd quarter. Clearbridge Investments LLC now owns 6,012,310 shares of the apparel and home fashions retailer’s stock valued at $661,955,000 after buying an additional 330,277 shares during the last quarter. Finally, PineStone Asset Management Inc. boosted its holdings in TJX Companies by 134.2% in the second quarter. PineStone Asset Management Inc. now owns 5,467,797 shares of the apparel and home fashions retailer’s stock worth $602,004,000 after purchasing an additional 3,132,960 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Performance

TJX stock opened at $121.47 on Monday. The TJX Companies, Inc. has a 1-year low of $87.44 and a 1-year high of $122.10. The business’s 50-day moving average price is $116.52 and its two-hundred day moving average price is $112.51. The firm has a market cap of $137.00 billion, a PE ratio of 28.58, a P/E/G ratio of 2.99 and a beta of 0.89. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

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

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.23%. TJX Companies’s payout ratio is 35.29%.

Insider Activity at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was 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 directly owns 536,148 shares in the company, valued at $63,018,835.92. The trade was a 2.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.13% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have weighed in on TJX. UBS Group raised their target price on TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. TD Cowen increased their price target on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a report on Friday. Evercore ISI upped their price objective on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research report on Thursday. Barclays lifted their target price 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, Morgan Stanley upped their price target on TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Four equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $129.47.

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.