Bfsg LLC Trims Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Bfsg LLC lessened its position in The TJX Companies, Inc. (NYSE:TJX) by 6.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 58,266 shares of the apparel and home fashions retailer’s stock after selling 4,336 shares during the quarter. Bfsg LLC’s holdings in TJX Companies were worth $6,849,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in TJX Companies by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 97,476,558 shares of the apparel and home fashions retailer’s stock valued at $9,886,073,000 after purchasing an additional 1,269,792 shares in the last quarter. Janus Henderson Group PLC grew its holdings in TJX Companies by 2.7% during the first quarter. Janus Henderson Group PLC now owns 13,226,465 shares of the apparel and home fashions retailer’s stock valued at $1,341,392,000 after purchasing an additional 346,938 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of TJX Companies by 35.9% during the 1st 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 during the period. Ameriprise Financial Inc. increased its stake in shares of TJX Companies by 33.4% in the second 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 purchasing an additional 3,063,318 shares in the last quarter. Finally, Jennison Associates LLC increased its stake in TJX Companies by 3.9% in the 1st quarter. Jennison Associates LLC now owns 9,392,061 shares of the apparel and home fashions retailer’s stock worth $952,543,000 after buying an additional 351,400 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on TJX. BMO Capital Markets lifted their price objective on shares of TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. TD Cowen lifted their price objective on shares of TJX Companies from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a report on Sunday, September 15th. Citigroup lowered TJX Companies from a “buy” rating to a “neutral” rating and lifted their target price for the company from $110.00 to $128.00 in a research report on Thursday, August 22nd. Finally, Bank of America raised their price target on shares of TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.76.

TJX Companies Trading Up 0.5 %

Shares of TJX opened at $117.39 on Thursday. The TJX Companies, Inc. has a 52-week low of $86.92 and a 52-week high of $121.13. The stock has a market cap of $132.40 billion, a PE ratio of 28.36, a price-to-earnings-growth ratio of 2.91 and a beta of 0.89. The firm’s fifty day moving average is $116.11 and its two-hundred day moving average is $108.41. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results 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 firm had revenue of $13.47 billion for 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 quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.85 earnings per share. Research analysts forecast that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be issued a $0.375 dividend. 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 is presently 36.23%.

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 transaction of $1,763,100.00. Following 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 Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

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.