Ascent Group LLC Lowers Position in The TJX Companies, Inc. (NYSE:TJX)

Ascent Group LLC cut its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 26.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 36,035 shares of the apparel and home fashions retailer’s stock after selling 12,957 shares during the period. Ascent Group LLC’s holdings in TJX Companies were worth $4,236,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Beck Capital Management LLC boosted its holdings in shares of TJX Companies by 38.8% during the 3rd quarter. Beck Capital Management LLC now owns 24,184 shares of the apparel and home fashions retailer’s stock valued at $2,843,000 after buying an additional 6,763 shares in the last quarter. Benjamin Edwards Inc. lifted its position in TJX Companies by 333.6% during the 3rd quarter. Benjamin Edwards Inc. now owns 112,590 shares of the apparel and home fashions retailer’s stock valued at $13,240,000 after acquiring an additional 86,626 shares during the period. Kestra Investment Management LLC purchased a new position in TJX Companies during the 3rd quarter valued at about $323,000. Point72 Hong Kong Ltd bought a new stake in TJX Companies during the third quarter worth about $7,742,000. Finally, FSA Wealth Management LLC purchased a new stake in TJX Companies in the third quarter worth about $45,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Trading Down 0.5 %

NYSE:TJX opened at $125.69 on Monday. The company has a market cap of $141.76 billion, a PE ratio of 29.57, a price-to-earnings-growth ratio of 3.09 and a beta of 0.90. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The company has a 50 day simple moving average of $117.29 and a two-hundred day simple moving average of $113.46. The TJX Companies, Inc. has a 12 month low of $87.44 and a 12 month high of $128.00.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, topping 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 company had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. During the same quarter in the previous year, the company posted $1.03 earnings per share. TJX Companies’s revenue was up 6.0% compared to the same quarter last year. Research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.19%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was 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 directly owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. This trade represents a 2.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TJX. Robert W. Baird lifted their target price 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 boosted their target price on TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Loop Capital raised their price target on TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Morgan Stanley upped their price target on shares of TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Finally, Telsey Advisory Group restated an “outperform” rating and set a $134.00 price objective on shares of TJX Companies in a research note on Wednesday, November 20th. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $129.47.

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.