Fmr LLC Reduces Position in The TJX Companies, Inc. (NYSE:TJX)

FMR LLC lessened its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,339,004 shares of the apparel and home fashions retailer's stock after selling 1,303,186 shares during the quarter. FMR LLC owned about 3.58% of TJX Companies worth $4,741,447,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in TJX. Gamco Investors INC. ET AL boosted its stake in TJX Companies by 12.0% during 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 period. Empirical Capital Management LLC increased its position in TJX Companies by 29.0% during the first quarter. Empirical Capital Management LLC now owns 100,000 shares of the apparel and home fashions retailer's stock worth $10,142,000 after acquiring an additional 22,500 shares during the period. SkyView Investment Advisors LLC acquired a new position in shares of TJX Companies in the 1st quarter valued at $931,000. Hancock Whitney Corp boosted its stake in shares of TJX Companies by 398.8% in the 1st quarter. Hancock Whitney Corp now owns 131,158 shares of the apparel and home fashions retailer's stock valued at $13,302,000 after purchasing an additional 104,861 shares in the last quarter. Finally, Comerica Bank boosted its stake in TJX Companies by 0.5% in the first quarter. Comerica Bank now owns 390,597 shares of the apparel and home fashions retailer's stock worth $39,614,000 after purchasing an additional 1,989 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the 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 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.13% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

TJX has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price objective on shares of TJX Companies from $100.00 to $115.00 and gave the company an "equal weight" rating in a research report on Thursday, August 22nd. Barclays raised their target price on shares of TJX Companies from $114.00 to $136.00 and gave the company an "overweight" rating in a research report on Thursday, August 22nd. Loop Capital raised their price objective on shares of TJX Companies from $125.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, August 22nd. Citigroup cut TJX Companies from a "buy" rating to a "neutral" rating and raised their price objective for the company from $110.00 to $128.00 in a research note on Thursday, August 22nd. Finally, Deutsche Bank Aktiengesellschaft increased their price target on TJX Companies from $130.00 to $131.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. Four equities research 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 presently has an average rating of "Moderate Buy" and a consensus price target of $129.47.

TJX Companies Stock Performance

Shares of NYSE TJX traded up $1.48 during trading hours on Tuesday, reaching $126.27. The stock had a trading volume of 2,660,101 shares, compared to its average volume of 5,256,676. The business's fifty day moving average is $116.63 and its two-hundred day moving average is $112.69. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The company has a market cap of $142.42 billion, a price-to-earnings ratio of 29.37, a PEG ratio of 2.99 and a beta of 0.89. The TJX Companies, Inc. has a twelve month low of $87.44 and a twelve month high of $126.44.

TJX Companies (NYSE:TJX - Get Free Report) last announced 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 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 in the previous year, the business earned $1.03 EPS. The firm's revenue was up 6.0% on a year-over-year basis. As a group, research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be given 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 1.19%. TJX Companies's dividend payout ratio is currently 35.29%.

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.