The TJX Companies, Inc. (NYSE:TJX) Position Decreased by Davis R M Inc.

Davis R M Inc. lessened its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 693,760 shares of the apparel and home fashions retailer's stock after selling 17,753 shares during the quarter. TJX Companies makes up about 1.6% of Davis R M Inc.'s investment portfolio, making the stock its 17th biggest position. Davis R M Inc. owned 0.06% of TJX Companies worth $81,545,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Gamco Investors INC. ET AL boosted its holdings in shares of TJX Companies by 12.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 2,800 shares of the apparel and home fashions retailer's stock valued at $284,000 after purchasing an additional 300 shares during the last quarter. Caxton Associates LP raised its holdings in shares of TJX Companies by 122.7% in the 1st quarter. Caxton Associates LP now owns 15,341 shares of the apparel and home fashions retailer's stock worth $1,556,000 after purchasing an additional 8,453 shares during the period. Captrust Financial Advisors grew its holdings in shares of TJX Companies by 6.9% during the 1st quarter. Captrust Financial Advisors now owns 313,029 shares of the apparel and home fashions retailer's stock worth $31,747,000 after purchasing an additional 20,070 shares during the period. Industrial Alliance Investment Management Inc. raised its holdings in TJX Companies by 3.2% in the first quarter. Industrial Alliance Investment Management Inc. now owns 4,500 shares of the apparel and home fashions retailer's stock valued at $456,000 after buying an additional 140 shares during the period. Finally, Whalerock Point Partners LLC lifted its position in TJX Companies by 0.9% during the first quarter. Whalerock Point Partners LLC now owns 39,803 shares of the apparel and home fashions retailer's stock valued at $4,037,000 after buying an additional 350 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

Insider Buying and Selling at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the business's stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the sale, the chief executive officer now owns 536,148 shares of the company's stock, valued at $63,018,835.92. The trade was a 2.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is owned by company insiders.

TJX Companies Stock Up 2.7 %

Shares of TJX stock traded up $3.34 during trading hours on Monday, hitting $124.81. 2,305,968 shares of the company were exchanged, compared to its average volume of 5,240,103. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The stock has a market capitalization of $140.77 billion, a price-to-earnings ratio of 28.58, a P/E/G ratio of 2.99 and a beta of 0.89. The TJX Companies, Inc. has a one year low of $87.44 and a one year high of $124.81. The business's 50-day simple moving average is $116.52 and its two-hundred day simple moving average is $112.51.

TJX Companies (NYSE:TJX - Get Free Report) last issued its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, topping 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 8.63% and a return on equity of 61.82%. TJX Companies's revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the company posted $1.03 earnings per share. Sell-side analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.20%. The ex-dividend date is Thursday, November 14th. TJX Companies's dividend payout ratio is currently 35.29%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Loop Capital raised their target price on shares of TJX Companies from $125.00 to $140.00 and gave the company a "buy" rating in a research note on Thursday, August 22nd. Jefferies Financial Group raised their price objective on TJX Companies from $130.00 to $140.00 and gave the company a "buy" rating in a research report on Thursday, August 22nd. Wells Fargo & Company increased their target price on TJX Companies from $100.00 to $115.00 and gave the company an "equal weight" rating in a research note on Thursday, August 22nd. Telsey Advisory Group reiterated an "outperform" rating and set a $134.00 target price on shares of TJX Companies in a report on Wednesday, November 20th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on TJX Companies from $130.00 to $131.00 and gave the stock a "buy" rating in a report on Thursday. Four equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, TJX Companies currently has a consensus rating of "Moderate Buy" and a consensus price target of $129.47.

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.