Advisors Asset Management Inc. Trims Stake in The TJX Companies, Inc. (NYSE:TJX)

Advisors Asset Management Inc. lowered its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 7.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 118,549 shares of the apparel and home fashions retailer's stock after selling 8,928 shares during the quarter. Advisors Asset Management Inc.'s holdings in TJX Companies were worth $13,934,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Bessemer Group Inc. lifted its stake in shares of TJX Companies by 61.5% during the 1st 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 in the last quarter. Shell Asset Management Co. boosted its holdings in shares of TJX Companies by 11.6% during the 1st quarter. Shell Asset Management Co. now owns 28,206 shares of the apparel and home fashions retailer's stock valued at $2,861,000 after purchasing an additional 2,940 shares during the last quarter. Vident Advisory LLC grew its holdings in TJX Companies by 14.1% during the 1st quarter. Vident Advisory LLC now owns 123,879 shares of the apparel and home fashions retailer's stock valued at $12,564,000 after buying an additional 15,277 shares in the last quarter. Delap Wealth Advisory LLC purchased a new position in shares of TJX Companies in the first quarter valued at $257,000. Finally, CreativeOne Wealth LLC increased its holdings in shares of TJX Companies by 139.2% in the 1st quarter. CreativeOne Wealth LLC now owns 16,538 shares of the apparel and home fashions retailer's stock worth $1,678,000 after buying an additional 9,624 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Performance

TJX traded up $0.18 on Wednesday, reaching $119.74. The stock had a trading volume of 8,989,374 shares, compared to its average volume of 5,248,148. The company has a market cap of $135.05 billion, a P/E ratio of 28.76, a price-to-earnings-growth ratio of 3.03 and a beta of 0.89. The business's 50-day moving average price is $116.42 and its two-hundred day moving average price is $112.04. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37. The TJX Companies, Inc. has a 12-month low of $87.44 and a 12-month high of $122.10.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.09 by $0.05. The firm had revenue of $14.06 billion for the quarter, compared to analysts' expectations of $13.95 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The firm's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.03 EPS. Sell-side analysts forecast that The TJX Companies, Inc. will post 4.14 earnings per share for the current year.

TJX Companies Announces Dividend

The company 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 $0.375 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a yield of 1.25%. TJX Companies's payout ratio is currently 36.23%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. StockNews.com upgraded TJX Companies from a "hold" rating to a "buy" rating in a report on Sunday, September 15th. Jefferies Financial Group increased their price target on TJX Companies from $130.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, August 22nd. BMO Capital Markets boosted their price objective on shares of TJX Companies from $116.00 to $133.00 and gave the stock an "outperform" rating in a research note on Thursday, August 22nd. Evercore ISI boosted 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. Finally, Bank of America increased their price objective on TJX Companies from $115.00 to $135.00 and gave the company a "buy" rating in a report on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, TJX Companies currently has a consensus rating of "Moderate Buy" and an average price target of $127.41.

Insider Activity

In other news, CEO Ernie Herrman sold 15,000 shares of the business'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 transaction, the chief executive officer now owns 536,148 shares of the company's stock, valued at approximately $63,018,835.92. The trade was a 2.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.13% of the company's stock.

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.