Acropolis Investment Management LLC Has $1.24 Million Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Acropolis Investment Management LLC decreased its position in The TJX Companies, Inc. (NYSE:TJX) by 2.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,530 shares of the apparel and home fashions retailer’s stock after selling 256 shares during the period. Acropolis Investment Management LLC’s holdings in TJX Companies were worth $1,238,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TJX. Cetera Investment Advisers lifted its holdings in TJX Companies by 232.7% in the first quarter. Cetera Investment Advisers now owns 239,766 shares of the apparel and home fashions retailer’s stock valued at $24,317,000 after buying an additional 167,703 shares during the period. Cetera Advisors LLC lifted its stake in shares of TJX Companies by 33.2% in the 1st quarter. Cetera Advisors LLC now owns 86,909 shares of the apparel and home fashions retailer’s stock valued at $8,814,000 after purchasing an additional 21,667 shares during the period. Transcend Capital Advisors LLC boosted its position in shares of TJX Companies by 19.9% in the 2nd quarter. Transcend Capital Advisors LLC now owns 29,984 shares of the apparel and home fashions retailer’s stock worth $3,301,000 after purchasing an additional 4,973 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of TJX Companies by 36.6% during the second quarter. GAMMA Investing LLC now owns 12,901 shares of the apparel and home fashions retailer’s stock worth $1,420,000 after purchasing an additional 3,458 shares during the period. Finally, Massmutual Trust Co. FSB ADV lifted its stake in TJX Companies by 12.3% in the second quarter. Massmutual Trust Co. FSB ADV now owns 6,380 shares of the apparel and home fashions retailer’s stock valued at $702,000 after buying an additional 699 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the sale, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. This represents a 2.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on TJX shares. Citigroup cut TJX Companies from a “buy” rating to a “neutral” rating and upped their price target for the company from $110.00 to $128.00 in a research note on Thursday, August 22nd. 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 research note on Thursday, August 22nd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Telsey Advisory Group reissued an “outperform” rating and issued a $134.00 price target on shares of TJX Companies in a report on Wednesday, November 20th. Finally, UBS Group raised their price objective on TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, TJX Companies has an average rating of “Moderate Buy” and an average price target of $129.47.

TJX Companies Price Performance

Shares of TJX opened at $125.69 on Friday. 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 twelve month low of $87.44 and a twelve month high of $128.00. The stock has a market capitalization of $141.76 billion, a P/E ratio of 29.57, a P/E/G ratio of 3.11 and a beta of 0.89. The company has a 50 day moving average of $117.29 and a 200-day moving average of $113.26.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, beating 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 business had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. During the same quarter last year, the firm earned $1.03 earnings per share. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, equities research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

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

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.