Oppenheimer Asset Management Inc. Reduces Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Oppenheimer Asset Management Inc. decreased its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 12.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 273,018 shares of the apparel and home fashions retailer’s stock after selling 37,503 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in TJX Companies were worth $32,091,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Richard W. Paul & Associates LLC purchased a new stake in shares of TJX Companies in the second quarter valued at about $25,000. Capital Performance Advisors LLP purchased a new stake in shares of TJX Companies in the 3rd quarter valued at approximately $29,000. Copeland Capital Management LLC acquired a new stake in shares of TJX Companies during the 3rd quarter worth approximately $30,000. New Millennium Group LLC purchased a new stake in shares of TJX Companies during the 2nd quarter valued at approximately $34,000. Finally, Anfield Capital Management LLC acquired a new position in TJX Companies in the second quarter valued at approximately $37,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Up 0.9 %

TJX stock traded up $1.08 during trading on Wednesday, hitting $120.93. 474,717 shares of the company’s stock were exchanged, compared to its average volume of 5,208,559. The business has a 50-day moving average price of $116.13 and a two-hundred day moving average price of $111.14. The stock has a market capitalization of $136.39 billion, a price-to-earnings ratio of 28.95, a PEG ratio of 2.99 and a beta of 0.89. The TJX Companies, Inc. has a 52-week low of $87.26 and a 52-week high of $121.15. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The company had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.31 billion. During the same quarter in the previous year, the business earned $0.85 earnings per share. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. As a group, equities research analysts expect that The TJX Companies, Inc. will post 4.14 EPS for the current year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s payout ratio is currently 36.23%.

Insider Activity

In related 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 transaction, the chief executive officer now owns 536,148 shares of the company’s stock, valued at $63,018,835.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Loop Capital raised their price objective on TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. UBS Group boosted their price target on shares of TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. 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. BMO Capital Markets lifted their target price on shares of TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Finally, Robert W. Baird upped their price target on TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a research note 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. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.76.

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.