The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Savoir Faire Capital Management L.P.

Savoir Faire Capital Management L.P. cut its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 36.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,284 shares of the apparel and home fashions retailer’s stock after selling 17,716 shares during the period. TJX Companies makes up approximately 1.8% of Savoir Faire Capital Management L.P.’s holdings, making the stock its 27th biggest position. Savoir Faire Capital Management L.P.’s holdings in TJX Companies were worth $3,560,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TJX. Richard W. Paul & Associates LLC acquired a new position in shares of TJX Companies during the 2nd quarter worth $25,000. Capital Performance Advisors LLP bought a new stake in TJX Companies in the 3rd quarter valued at $29,000. Copeland Capital Management LLC bought a new stake in TJX Companies in the 3rd quarter valued at $30,000. New Millennium Group LLC bought a new position in shares of TJX Companies during the 2nd quarter worth about $34,000. Finally, Anfield Capital Management LLC bought a new position in shares of TJX Companies during the 2nd quarter worth about $37,000. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Stock Performance

Shares of TJX opened at $119.67 on Tuesday. 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 business has a 50-day simple moving average of $116.38 and a two-hundred day simple moving average of $111.86. The stock has a market cap of $134.97 billion, a price-to-earnings ratio of 28.91, a PEG ratio of 3.04 and a beta of 0.89. The TJX Companies, Inc. has a 52 week low of $87.44 and a 52 week high of $122.10.

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, beating analysts’ consensus estimates of $0.92 by $0.04. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The company had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.31 billion. During the same period in the prior year, the company earned $0.85 earnings per share. The firm’s revenue was up 5.6% on a year-over-year basis. On average, analysts expect that The TJX Companies, Inc. will post 4.14 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s dividend payout ratio is currently 36.23%.

Analysts Set New Price Targets

TJX has been the subject of several research reports. Loop Capital raised their price objective on shares of TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Telsey Advisory Group restated an “outperform” rating and set a $134.00 price objective on shares of TJX Companies in a report on Wednesday, November 13th. Citigroup cut shares of TJX Companies from a “buy” rating to a “neutral” rating and upped their price target for the company from $110.00 to $128.00 in a report on Thursday, August 22nd. Bank of America increased their target price on shares of TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Finally, UBS Group upped their price target on shares of TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $127.41.

Insider Buying and Selling

In other news, CEO Ernie Herrman sold 15,000 shares of TJX Companies 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 in the company, valued at approximately $63,018,835.92. This trade represents a 2.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is owned by corporate insiders.

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.