The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Stratos Investment Management LLC

Stratos Investment Management LLC reduced its position in The TJX Companies, Inc. (NYSE:TJX) by 7.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,698 shares of the apparel and home fashions retailer’s stock after selling 227 shares during the period. Stratos Investment Management LLC’s holdings in TJX Companies were worth $317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. New Mexico Educational Retirement Board boosted its stake in shares of TJX Companies by 15.9% during the 1st quarter. New Mexico Educational Retirement Board now owns 69,380 shares of the apparel and home fashions retailer’s stock worth $7,037,000 after acquiring an additional 9,500 shares in the last quarter. Advisors Capital Management LLC grew its holdings in TJX Companies by 3.7% in the first quarter. Advisors Capital Management LLC now owns 572,324 shares of the apparel and home fashions retailer’s stock valued at $58,045,000 after purchasing an additional 20,629 shares during the period. O Shaughnessy Asset Management LLC increased its position in shares of TJX Companies by 9.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 136,798 shares of the apparel and home fashions retailer’s stock valued at $13,874,000 after buying an additional 11,447 shares in the last quarter. Chatham Capital Group Inc. raised its stake in shares of TJX Companies by 101.9% during the 1st quarter. Chatham Capital Group Inc. now owns 15,150 shares of the apparel and home fashions retailer’s stock worth $1,537,000 after buying an additional 7,648 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of TJX Companies by 35.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock valued at $1,249,237,000 after buying an additional 3,255,849 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on TJX shares. Evercore ISI boosted their price target on shares of TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. UBS Group lifted their price objective on TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Morgan Stanley increased their target price on TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Barclays boosted their price target on TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Finally, Bank of America raised their price objective on TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $126.76.

Insider Buying and Selling at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction dated 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 approximately $63,018,835.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is owned by corporate insiders.

TJX Companies Stock Performance

Shares of TJX Companies stock opened at $117.71 on Friday. The firm has a market cap of $132.76 billion, a PE ratio of 28.43, a price-to-earnings-growth ratio of 2.97 and a beta of 0.89. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37. The TJX Companies, Inc. has a 52 week low of $86.92 and a 52 week high of $121.13. The business’s fifty day simple moving average is $116.40 and its 200-day simple moving average is $108.66.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The company had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.31 billion. During the same quarter in the prior year, the company posted $0.85 earnings per share. TJX Companies’s revenue for the quarter was up 5.6% compared to the same quarter last year. Equities analysts forecast that The TJX Companies, Inc. will post 4.15 earnings per share for the current 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 $0.375 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.50 annualized dividend and a yield of 1.27%. TJX Companies’s dividend payout ratio (DPR) is presently 36.23%.

About TJX Companies

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.