1620 Investment Advisors Inc. cut its holdings in The TJX Companies, Inc. (NYSE:TJX – Free Report) by 4.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,553 shares of the apparel and home fashions retailer’s stock after selling 764 shares during the period. TJX Companies accounts for 1.6% of 1620 Investment Advisors Inc.’s holdings, making the stock its 9th biggest holding. 1620 Investment Advisors Inc.’s holdings in TJX Companies were worth $2,181,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in TJX. First Trust Direct Indexing L.P. boosted its stake in TJX Companies by 12.4% during the third quarter. First Trust Direct Indexing L.P. now owns 47,104 shares of the apparel and home fashions retailer’s stock valued at $5,537,000 after buying an additional 5,207 shares during the last quarter. Advisors Capital Management LLC increased its position in TJX Companies by 3.7% in the first quarter. Advisors Capital Management LLC now owns 572,324 shares of the apparel and home fashions retailer’s stock worth $58,045,000 after purchasing an additional 20,629 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in TJX Companies by 9.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 136,798 shares of the apparel and home fashions retailer’s stock valued at $13,874,000 after purchasing an additional 11,447 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position 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 purchasing an additional 3,255,849 shares during the last quarter. Finally, FORA Capital LLC bought a new position in TJX Companies during the first quarter valued at $1,406,000. 91.09% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
TJX has been the subject of a number of analyst reports. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Sunday, September 15th. Citigroup downgraded TJX Companies from a “buy” rating to a “neutral” rating and boosted their target price for the company from $110.00 to $128.00 in a research report on Thursday, August 22nd. UBS Group lifted their price objective 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. Wells Fargo & Company lifted their price target 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. Finally, Evercore ISI increased their price objective 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. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, TJX Companies presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.76.
Insider Activity at TJX Companies
In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction on 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 completion of the sale, the chief executive officer now owns 536,148 shares in the company, valued at $63,018,835.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is currently owned by corporate insiders.
TJX Companies Trading Down 1.0 %
Shares of NYSE TJX opened at $112.98 on Thursday. The TJX Companies, Inc. has a twelve month low of $87.22 and a twelve month high of $121.13. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37. The business has a fifty day simple moving average of $116.68 and a two-hundred day simple moving average of $109.68. The firm has a market cap of $127.43 billion, a PE ratio of 27.29, a price-to-earnings-growth ratio of 2.88 and a beta of 0.89.
TJX Companies (NYSE:TJX – Get Free Report) 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. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The company had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.31 billion. During the same period in the prior year, the firm earned $0.85 earnings per share. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. Analysts expect that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal 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 paid a dividend of $0.375 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.33%. TJX Companies’s dividend payout ratio is presently 36.23%.
TJX Companies Company 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.
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