Connor Clark & Lunn Investment Management Ltd. Has $36.93 Million Position in The TJX Companies, Inc. (NYSE:TJX)

Connor Clark & Lunn Investment Management Ltd. lessened its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 36.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 314,212 shares of the apparel and home fashions retailer's stock after selling 181,659 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in TJX Companies were worth $36,932,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TJX. Richard W. Paul & Associates LLC purchased a new stake in TJX Companies in the 2nd quarter valued at about $25,000. Capital Performance Advisors LLP acquired a new position in shares of TJX Companies in the 3rd quarter valued at about $29,000. Copeland Capital Management LLC acquired a new position in shares of TJX Companies in the 3rd quarter valued at about $30,000. New Millennium Group LLC acquired a new position in shares of TJX Companies in the 2nd quarter valued at about $34,000. Finally, Anfield Capital Management LLC acquired a new position in shares of TJX Companies in the 2nd quarter valued at about $37,000. Hedge funds and other institutional investors own 91.09% of the company's stock.

TJX Companies Price Performance

Shares of TJX stock traded up $0.18 during trading on Wednesday, hitting $119.74. The company had a trading volume of 8,989,250 shares, compared to its average volume of 5,248,147. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21. The firm has a market capitalization 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 stock's 50-day moving average price is $116.42 and its 200 day moving average price is $112.04. The TJX Companies, Inc. has a one year low of $87.44 and a one year high of $122.10.

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

TJX Companies Dividend Announcement

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

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the 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 completion of the sale, the chief executive officer now directly owns 536,148 shares in the company, valued at $63,018,835.92. This represents a 2.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

TJX has been the topic of several research analyst reports. Jefferies Financial Group lifted their price objective on TJX Companies from $130.00 to $140.00 and gave the company a "buy" rating in a research note on Thursday, August 22nd. Wells Fargo & Company boosted their price target on TJX Companies from $100.00 to $115.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 22nd. Barclays boosted their price target on TJX Companies from $114.00 to $136.00 and gave the stock an "overweight" rating in a research report on Thursday, August 22nd. Loop Capital boosted their price target on TJX Companies from $125.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, August 22nd. Finally, Robert W. Baird boosted their price target on TJX Companies from $113.00 to $128.00 and gave the stock an "outperform" 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 company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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.