OneDigital Investment Advisors LLC Decreases Stock Position in The TJX Companies, Inc. (NYSE:TJX)

OneDigital Investment Advisors LLC lessened its position in The TJX Companies, Inc. (NYSE:TJX) by 5.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,341 shares of the apparel and home fashions retailer’s stock after selling 1,819 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in TJX Companies were worth $3,684,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Tocqueville Asset Management L.P. purchased a new position in shares of TJX Companies during the 1st quarter worth $218,000. Westfield Capital Management Co. LP boosted its holdings in TJX Companies by 7.7% in the 1st quarter. Westfield Capital Management Co. LP now owns 65,133 shares of the apparel and home fashions retailer’s stock valued at $6,606,000 after purchasing an additional 4,635 shares during the last quarter. Ontario Teachers Pension Plan Board boosted its holdings in TJX Companies by 6.9% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 24,701 shares of the apparel and home fashions retailer’s stock valued at $2,505,000 after purchasing an additional 1,584 shares during the last quarter. Patten & Patten Inc. TN grew its stake in shares of TJX Companies by 6.1% in the 1st quarter. Patten & Patten Inc. TN now owns 156,079 shares of the apparel and home fashions retailer’s stock valued at $15,830,000 after buying an additional 9,017 shares during the period. Finally, Jacobi Capital Management LLC increased its holdings in shares of TJX Companies by 1.7% during the 1st quarter. Jacobi Capital Management LLC now owns 9,214 shares of the apparel and home fashions retailer’s stock worth $934,000 after buying an additional 158 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TJX. Bank of America increased their price objective on TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Robert W. Baird boosted their price objective on shares of TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. BMO Capital Markets increased their target price on shares of TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Morgan Stanley increased their price objective on shares of TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Finally, UBS Group upped their price target 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 research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $127.41.

TJX Companies Trading Up 0.1 %

NYSE TJX opened at $119.98 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21. The firm has a market cap of $135.32 billion, a PE ratio of 28.98, a P/E/G ratio of 3.03 and a beta of 0.89. The TJX Companies, Inc. has a one year low of $87.26 and a one year high of $122.10. The firm’s fifty day moving average is $116.24 and its two-hundred day moving average is $111.27.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data 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. The company had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. TJX Companies’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.85 earnings per share. Analysts expect that The TJX Companies, Inc. will post 4.14 earnings per share for the current year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Thursday, November 14th. TJX Companies’s payout ratio is 36.23%.

Insider Activity

In other news, CEO Ernie Herrman sold 15,000 shares of TJX Companies 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 sale, the chief executive officer now owns 536,148 shares of the company’s stock, valued at $63,018,835.92. The trade was a 2.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.13% of the company’s stock.

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.