Channing Global Advisors LLC Has $1.10 Million Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Channing Global Advisors LLC lowered its holdings in The TJX Companies, Inc. (NYSE:TJX) by 22.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,324 shares of the apparel and home fashions retailer’s stock after selling 2,651 shares during the quarter. TJX Companies accounts for about 0.9% of Channing Global Advisors LLC’s investment portfolio, making the stock its 29th largest position. Channing Global Advisors LLC’s holdings in TJX Companies were worth $1,096,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. PineStone Asset Management Inc. grew its stake in shares of TJX Companies by 134.2% in the second quarter. PineStone Asset Management Inc. now owns 5,467,797 shares of the apparel and home fashions retailer’s stock worth $602,004,000 after acquiring an additional 3,132,960 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in TJX Companies by 33.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer’s stock valued at $1,347,934,000 after purchasing an additional 3,063,318 shares during the period. Capital Wealth Planning LLC acquired a new stake in TJX Companies in the 2nd quarter worth $315,698,000. Los Angeles Capital Management LLC increased its holdings in shares of TJX Companies by 80.6% during the 2nd quarter. Los Angeles Capital Management LLC now owns 2,943,176 shares of the apparel and home fashions retailer’s stock worth $324,044,000 after purchasing an additional 1,313,517 shares during the period. Finally, International Assets Investment Management LLC raised its position in shares of TJX Companies by 13,309.4% during the third quarter. International Assets Investment Management LLC now owns 1,191,155 shares of the apparel and home fashions retailer’s stock valued at $140,008,000 after buying an additional 1,182,272 shares during the last quarter. 91.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on TJX shares. TD Cowen boosted their price target on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. StockNews.com downgraded shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Friday, November 22nd. UBS Group increased their price objective 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. Deutsche Bank Aktiengesellschaft upped their target price on shares of TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, Wells Fargo & Company upped their price objective on TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a research note on Thursday, August 22nd. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, TJX Companies has a consensus rating of “Moderate Buy” and an average target price of $129.47.

Insider Activity

In other 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 2.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.13% of the company’s stock.

TJX Companies Stock Performance

TJX Companies stock opened at $126.36 on Friday. The TJX Companies, Inc. has a 12-month low of $87.44 and a 12-month high of $128.00. The stock has a 50-day simple moving average of $117.14 and a 200 day simple moving average of $113.07. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $142.52 billion, a price-to-earnings ratio of 29.73, a P/E/G ratio of 3.11 and a beta of 0.89.

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

TJX Companies Announces Dividend

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

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.