GLOBALT Investments LLC GA Sells 1,351 Shares of The TJX Companies, Inc. (NYSE:TJX)

GLOBALT Investments LLC GA reduced its stake in The TJX Companies, Inc. (NYSE:TJX) by 2.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 67,258 shares of the apparel and home fashions retailer’s stock after selling 1,351 shares during the period. GLOBALT Investments LLC GA’s holdings in TJX Companies were worth $7,906,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD grew its holdings in shares of TJX Companies by 35.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock valued at $1,249,237,000 after buying an additional 3,255,849 shares during the last quarter. PineStone Asset Management Inc. boosted its holdings in TJX Companies by 134.2% in the second quarter. PineStone Asset Management Inc. now owns 5,467,797 shares of the apparel and home fashions retailer’s stock worth $602,004,000 after purchasing an additional 3,132,960 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in TJX Companies by 33.4% in the second quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer’s stock worth $1,347,934,000 after purchasing an additional 3,063,318 shares during the last quarter. Capital Wealth Planning LLC purchased a new stake in TJX Companies in the second quarter worth approximately $315,698,000. Finally, Los Angeles Capital Management LLC boosted its holdings in TJX Companies by 80.6% in the second quarter. Los Angeles Capital Management LLC now owns 2,943,176 shares of the apparel and home fashions retailer’s stock worth $324,044,000 after purchasing an additional 1,313,517 shares during the last quarter. 91.09% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction dated 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.13% of the company’s stock.

TJX Companies Trading Up 0.1 %

NYSE TJX opened at $119.97 on Monday. 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 firm has a market cap of $135.31 billion, a PE ratio of 28.98, a price-to-earnings-growth ratio of 3.04 and a beta of 0.89. The company has a 50 day moving average price of $116.33 and a 200 day moving average price of $111.69. 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 released its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, beating the consensus estimate of $0.92 by $0.04. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The business had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.31 billion. During the same period in the prior year, the firm earned $0.85 EPS. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. As a group, sell-side analysts forecast that The TJX Companies, Inc. will post 4.14 EPS for the current fiscal year.

TJX Companies Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on TJX shares. Evercore ISI raised their target price on shares of TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Sunday, September 15th. UBS Group lifted their price target on shares of TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Citigroup cut shares of TJX Companies from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $110.00 to $128.00 in a research note on Thursday, August 22nd. Finally, Bank of America lifted their price target on shares of 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 assigned a buy rating to the company. According to MarketBeat.com, TJX Companies currently has an average rating of “Moderate Buy” and a consensus price target of $127.41.

TJX Companies Company 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.