Mainstream Capital Management LLC Takes Position in The TJX Companies, Inc. (NYSE:TJX)

Mainstream Capital Management LLC acquired a new stake in shares of The TJX Companies, Inc. (NYSE:TJX) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 11,877 shares of the apparel and home fashions retailer’s stock, valued at approximately $1,396,000. TJX Companies accounts for about 1.2% of Mainstream Capital Management LLC’s investment portfolio, making the stock its 27th largest position.

Several other institutional investors and hedge funds have also recently modified their holdings of TJX. Price T Rowe Associates Inc. MD grew its stake in TJX Companies by 35.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock valued at $1,249,237,000 after acquiring an additional 3,255,849 shares in the last quarter. PineStone Asset Management Inc. grew its stake in shares of TJX Companies by 134.2% in the 2nd 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 buying an additional 3,132,960 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of TJX Companies by 33.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer’s stock worth $1,347,934,000 after buying an additional 3,063,318 shares in the last quarter. Capital Wealth Planning LLC purchased a new position in shares of TJX Companies in the 2nd quarter worth $315,698,000. Finally, Los Angeles Capital Management LLC grew its stake in shares of TJX Companies by 80.6% in the 2nd quarter. Los Angeles Capital Management LLC now owns 2,943,176 shares of the apparel and home fashions retailer’s stock worth $324,044,000 after buying an additional 1,313,517 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Trading Up 1.1 %

NYSE:TJX opened at $116.85 on Friday. The firm has a 50-day simple moving average of $116.07 and a 200-day simple moving average of $110.39. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21. The TJX Companies, Inc. has a one year low of $87.26 and a one year high of $121.13. The firm has a market cap of $131.79 billion, a P/E ratio of 28.22, a P/E/G ratio of 2.92 and a beta of 0.89.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, topping the consensus estimate of $0.92 by $0.04. The firm had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. TJX Companies’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.85 EPS. Equities analysts anticipate that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 annualized dividend and a dividend yield of 1.28%. TJX Companies’s dividend payout ratio (DPR) is presently 36.23%.

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 15,000 shares of the business’s stock in a transaction that occurred 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 owns 536,148 shares in the company, 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 link. 0.13% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Robert W. Baird lifted their price objective on shares of TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Citigroup cut shares of TJX Companies from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $110.00 to $128.00 in a research note on Thursday, August 22nd. BMO Capital Markets lifted their price objective 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. Evercore ISI lifted their price objective on shares of TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. Finally, Wells Fargo & Company lifted their price objective on shares of TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $126.76.

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.