Pathstone Holdings LLC Reduces Holdings in The TJX Companies, Inc. (NYSE:TJX)

Pathstone Holdings LLC reduced its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 9.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 668,763 shares of the apparel and home fashions retailer’s stock after selling 66,422 shares during the quarter. Pathstone Holdings LLC’s holdings in TJX Companies were worth $78,606,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TJX. UniSuper Management Pty Ltd lifted its holdings in shares of TJX Companies by 176.6% in the 1st quarter. UniSuper Management Pty Ltd now owns 25,293 shares of the apparel and home fashions retailer’s stock valued at $2,565,000 after purchasing an additional 16,148 shares during the last quarter. Bessemer Group Inc. lifted its stake in TJX Companies by 61.5% in the first quarter. Bessemer Group Inc. now owns 90,369 shares of the apparel and home fashions retailer’s stock valued at $9,167,000 after buying an additional 34,426 shares during the last quarter. Lake Street Advisors Group LLC boosted its holdings in shares of TJX Companies by 29.7% in the first quarter. Lake Street Advisors Group LLC now owns 12,059 shares of the apparel and home fashions retailer’s stock valued at $1,223,000 after acquiring an additional 2,764 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of TJX Companies by 137.6% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 213,373 shares of the apparel and home fashions retailer’s stock worth $21,640,000 after acquiring an additional 123,566 shares during the last quarter. Finally, Pitcairn Co. increased its holdings in shares of TJX Companies by 17.1% in the 1st quarter. Pitcairn Co. now owns 14,763 shares of the apparel and home fashions retailer’s stock valued at $1,497,000 after acquiring an additional 2,156 shares during the period. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on TJX. Barclays increased their price target on shares of TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Morgan Stanley raised their price target on TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. TD Cowen upped their price objective on TJX Companies from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Friday. UBS Group lifted their target price on TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Finally, Evercore ISI upped their price target on TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $127.41.

TJX Companies Stock Performance

NYSE:TJX opened at $119.67 on Tuesday. The TJX Companies, Inc. has a fifty-two week low of $87.44 and a fifty-two week high of $122.10. 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 stock has a market cap of $134.97 billion, a PE ratio of 28.91, a price-to-earnings-growth ratio of 3.04 and a beta of 0.89. The firm’s fifty day simple moving average is $116.38 and its 200-day simple moving average is $111.86.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, topping the consensus estimate of $0.92 by $0.04. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The business had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. During the same quarter in the previous year, the company earned $0.85 EPS. The company’s quarterly revenue was up 5.6% on a year-over-year basis. Analysts expect that The TJX Companies, Inc. will post 4.14 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

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

Insider Buying and Selling

In other news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at $63,018,835.92. This trade represents a 2.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at 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.