Fisher Asset Management LLC Has $793,000 Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Fisher Asset Management LLC decreased its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 43.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,743 shares of the apparel and home fashions retailer's stock after selling 5,221 shares during the quarter. Fisher Asset Management LLC's holdings in TJX Companies were worth $793,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TJX. Daiwa Securities Group Inc. lifted its stake in TJX Companies by 18.5% during the third quarter. Daiwa Securities Group Inc. now owns 167,425 shares of the apparel and home fashions retailer's stock worth $19,679,000 after purchasing an additional 26,092 shares during the last quarter. Hartford Funds Management Co LLC lifted its position in TJX Companies by 0.5% in the third quarter. Hartford Funds Management Co LLC now owns 17,926 shares of the apparel and home fashions retailer's stock valued at $2,107,000 after purchasing an additional 86 shares during the period. Summit Trail Advisors LLC boosted its stake in shares of TJX Companies by 13.2% in the third quarter. Summit Trail Advisors LLC now owns 22,007 shares of the apparel and home fashions retailer's stock valued at $2,587,000 after buying an additional 2,567 shares in the last quarter. Westfield Capital Management Co. LP increased its holdings in shares of TJX Companies by 1.7% in the 3rd quarter. Westfield Capital Management Co. LP now owns 70,408 shares of the apparel and home fashions retailer's stock valued at $8,276,000 after purchasing an additional 1,209 shares in the last quarter. Finally, Centaurus Financial Inc. purchased a new position in TJX Companies in the third quarter valued at about $101,000. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Price Performance

NYSE:TJX opened at $125.69 on Friday. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The business's 50-day moving average price is $117.29 and its 200 day moving average price is $113.26. The TJX Companies, Inc. has a 52-week low of $87.44 and a 52-week high of $128.00. The firm has a market cap of $141.76 billion, a P/E ratio of 29.57, a PEG ratio of 3.11 and a beta of 0.89.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. During the same quarter last year, the firm posted $1.03 EPS. The business's revenue for the quarter was up 6.0% on a year-over-year basis. As a group, sell-side analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share 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. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies's dividend payout ratio is presently 35.29%.

Analysts Set New Price Targets

TJX has been the topic of several research reports. TD Cowen increased their price target on shares of TJX Companies from $130.00 to $132.00 and gave the company a "buy" rating in a research report on Friday, November 22nd. Citigroup cut shares of TJX Companies from a "buy" rating to a "neutral" rating and raised their target price for the stock from $110.00 to $128.00 in a research 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 research report on Thursday, August 22nd. Wells Fargo & Company upped their target price 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. Finally, Jefferies Financial Group lifted their price objective on shares of TJX Companies from $130.00 to $140.00 and gave the company a "buy" rating in a research note on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $129.47.

Insider Buying and Selling

In other news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction that occurred on Tuesday, September 10th. The shares were 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 of the company's stock, valued at $63,018,835.92. This trade represents a 2.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.13% of the company's stock.

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.