The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Fmr LLC

Fmr LLC reduced its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 40,339,004 shares of the apparel and home fashions retailer’s stock after selling 1,303,186 shares during the period. Fmr LLC’s holdings in TJX Companies were worth $4,741,447,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in TJX. PineStone Asset Management Inc. boosted its stake in shares of TJX Companies by 134.2% during the 2nd 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 in the last quarter. Ameriprise Financial Inc. boosted its position in TJX Companies by 33.4% during 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. Capital Wealth Planning LLC acquired a new stake in TJX Companies in the second quarter valued at $315,698,000. Los Angeles Capital Management LLC grew its holdings in TJX Companies by 80.6% in the second quarter. Los Angeles Capital Management LLC now owns 2,943,176 shares of the apparel and home fashions retailer’s stock valued at $324,044,000 after purchasing an additional 1,313,517 shares during the last quarter. Finally, International Assets Investment Management LLC increased its position in shares of TJX Companies by 13,309.4% in 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 in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Trading Up 2.8 %

NYSE:TJX opened at $124.84 on Tuesday. The company has a market cap of $140.80 billion, a PE ratio of 29.37, a P/E/G ratio of 2.99 and a beta of 0.89. The business’s 50 day moving average is $116.63 and its two-hundred day moving average is $112.69. 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 TJX Companies, Inc. has a 52 week low of $87.44 and a 52 week high of $125.43.

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, beating the consensus estimate of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. The business’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.03 EPS. On average, analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders 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 dividend yield of 1.20%. TJX Companies’s payout ratio is currently 35.29%.

Wall Street Analyst Weigh In

Several analysts have issued reports on TJX shares. Jefferies Financial Group upped their price target 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. Telsey Advisory Group reissued an “outperform” rating and set a $134.00 price objective on shares of TJX Companies in a research note on Wednesday, November 20th. TD Cowen increased their target price on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday. StockNews.com lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a report on Friday. Finally, Citigroup lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $110.00 to $128.00 in a report on Thursday, August 22nd. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $129.47.

Insider Activity

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 536,148 shares of the company’s stock, 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 legal filing with the SEC, which is available at this link. Company insiders own 0.13% of the company’s stock.

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.