The Manufacturers Life Insurance Company Has $93.83 Million Holdings in The TJX Companies, Inc. (NYSE:TJX)

The Manufacturers Life Insurance Company cut its stake in The TJX Companies, Inc. (NYSE:TJX) by 0.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 798,237 shares of the apparel and home fashions retailer’s stock after selling 5,579 shares during the period. The Manufacturers Life Insurance Company’s holdings in TJX Companies were worth $93,825,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TJX. Private Trust Co. NA boosted its stake in shares of TJX Companies by 3.9% during the 3rd quarter. Private Trust Co. NA now owns 14,652 shares of the apparel and home fashions retailer’s stock worth $1,722,000 after buying an additional 553 shares during the last quarter. Truvestments Capital LLC acquired a new position in shares of TJX Companies during the 3rd quarter worth about $29,000. Brown Brothers Harriman & Co. boosted its stake in shares of TJX Companies by 20.4% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 20,110 shares of the apparel and home fashions retailer’s stock worth $2,364,000 after buying an additional 3,411 shares during the last quarter. Boston Family Office LLC boosted its stake in shares of TJX Companies by 2.0% during the 3rd quarter. Boston Family Office LLC now owns 45,729 shares of the apparel and home fashions retailer’s stock worth $5,375,000 after buying an additional 898 shares during the last quarter. Finally, Independent Advisor Alliance boosted its stake in shares of TJX Companies by 4.3% during the 3rd quarter. Independent Advisor Alliance now owns 45,759 shares of the apparel and home fashions retailer’s stock worth $5,379,000 after buying an additional 1,892 shares during the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the firm’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 value of $1,763,100.00. Following the sale, the chief executive officer now owns 536,148 shares in the company, valued at $63,018,835.92. This trade represents a 2.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.13% of the stock is currently owned by company insiders.

TJX Companies Stock Performance

Shares of NYSE:TJX opened at $126.36 on Thursday. The company’s 50 day moving average price is $116.97 and its two-hundred day moving average price is $112.98. The TJX Companies, Inc. has a 12-month low of $87.44 and a 12-month high of $128.00. The firm has a market cap of $142.52 billion, a PE ratio of 29.73, a PEG ratio of 3.10 and a beta of 0.89. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.05. The business had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the business posted $1.03 EPS. Equities research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.50 annualized dividend and a dividend yield of 1.19%. TJX Companies’s dividend payout ratio is 35.29%.

Analysts Set New Price Targets

TJX has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft increased their price objective on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Jefferies Financial Group upped their target price on shares of TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. UBS Group upped their target price on shares of TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. TD Cowen upped their target price on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Finally, StockNews.com cut shares of TJX Companies from a “buy” rating to a “hold” rating in a report on Friday, November 22nd. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, TJX Companies has an average rating of “Moderate Buy” and a consensus target price of $129.47.

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.