Pittenger & Anderson Inc. Buys 7,927 Shares of The TJX Companies, Inc. (NYSE:TJX)

Pittenger & Anderson Inc. raised its stake in The TJX Companies, Inc. (NYSE:TJX) by 4.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 197,757 shares of the apparel and home fashions retailer’s stock after acquiring an additional 7,927 shares during the period. TJX Companies makes up 0.9% of Pittenger & Anderson Inc.’s portfolio, making the stock its 29th largest holding. Pittenger & Anderson Inc.’s holdings in TJX Companies were worth $23,244,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of TJX. Richard W. Paul & Associates LLC bought a new stake in TJX Companies in the 2nd quarter worth approximately $25,000. Copeland Capital Management LLC purchased a new position in shares of TJX Companies in the third quarter valued at $30,000. New Millennium Group LLC purchased a new position in shares of TJX Companies in the second quarter valued at $34,000. Northwest Investment Counselors LLC purchased a new stake in TJX Companies during the third quarter valued at $37,000. Finally, Anfield Capital Management LLC bought a new position in TJX Companies during the second quarter valued at $37,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insiders Place Their Bets

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

TJX Companies Price Performance

Shares of TJX stock opened at $112.69 on Tuesday. The TJX Companies, Inc. has a twelve month low of $87.26 and a twelve month high of $121.13. 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 fifty day simple moving average of $116.27 and a two-hundred day simple moving average of $110.21. The stock has a market capitalization of $127.10 billion, a price-to-earnings ratio of 27.22, a P/E/G ratio of 2.84 and a beta of 0.89.

TJX Companies (NYSE:TJX) last released its quarterly earnings data 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. The company 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%. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.85 earnings per share. On average, analysts predict that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal year.

TJX Companies Announces Dividend

The firm 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 $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is 36.23%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TJX. Telsey Advisory Group restated an “outperform” rating and issued a $128.00 target price on shares of TJX Companies in a report on Wednesday, August 21st. BMO Capital Markets boosted their price objective on TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” 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 note on Sunday, September 15th. Morgan Stanley boosted their target price on TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. 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 issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $126.76.

TJX Companies Profile

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.