Focused Investors LLC Lowers Position in The TJX Companies, Inc. (NYSE:TJX)

Focused Investors LLC trimmed its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 971,200 shares of the apparel and home fashions retailer’s stock after selling 18,000 shares during the period. TJX Companies accounts for 3.5% of Focused Investors LLC’s portfolio, making the stock its 16th largest holding. Focused Investors LLC’s holdings in TJX Companies were worth $114,155,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Richard W. Paul & Associates LLC bought a new position in shares of TJX Companies during the 2nd quarter valued at about $25,000. Capital Performance Advisors LLP purchased a new stake in shares of TJX Companies in the third quarter worth about $29,000. Copeland Capital Management LLC bought a new position in TJX Companies during the third quarter valued at approximately $30,000. New Millennium Group LLC purchased a new position in TJX Companies during the 2nd quarter valued at approximately $34,000. Finally, Northwest Investment Counselors LLC bought a new stake in TJX Companies in the 3rd quarter worth approximately $37,000. 91.09% of the stock is currently owned by institutional investors.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction that occurred 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 owns 536,148 shares of the company’s stock, valued at $63,018,835.92. This represents a 2.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Wells Fargo & Company increased their target price on TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a research report on Thursday, August 22nd. Morgan Stanley increased their price objective on shares of TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Citigroup downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $110.00 to $128.00 in a report on Thursday, August 22nd. UBS Group increased their price target on shares of TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Finally, Bank of America boosted their price objective on TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $127.41.

TJX Companies Price Performance

TJX opened at $119.97 on Friday. The business has a fifty day moving average of $116.33 and a 200 day moving average of $111.56. The stock has a market cap of $135.31 billion, a P/E ratio of 28.98, a PEG ratio of 3.04 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 $87.26 and a 52-week high of $122.10.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. The firm had revenue of $13.47 billion during 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%. The business’s revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.85 earnings per share. As a group, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.14 EPS for the current year.

TJX Companies Announces Dividend

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