Focused Investors LLC Sells 18,000 Shares of The TJX Companies, Inc. (NYSE:TJX)

Focused Investors LLC cut its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 1.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 971,200 shares of the apparel and home fashions retailer's stock after selling 18,000 shares during the period. TJX Companies makes up approximately 3.5% of Focused Investors LLC's holdings, making the stock its 16th biggest position. Focused Investors LLC owned about 0.09% of TJX Companies worth $114,155,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Adero Partners LLC lifted its holdings in shares of TJX Companies by 5.4% during the third quarter. Adero Partners LLC now owns 3,206 shares of the apparel and home fashions retailer's stock valued at $377,000 after purchasing an additional 164 shares during the last quarter. GoalVest Advisory LLC increased its holdings in shares of TJX Companies by 3.5% in the 3rd quarter. GoalVest Advisory LLC now owns 5,276 shares of the apparel and home fashions retailer's stock valued at $620,000 after purchasing an additional 176 shares during the period. Schear Investment Advisers LLC lifted its position in shares of TJX Companies by 5.6% in the third quarter. Schear Investment Advisers LLC now owns 13,739 shares of the apparel and home fashions retailer's stock worth $1,615,000 after purchasing an additional 734 shares in the last quarter. Schneider Downs Wealth Management Advisors LP acquired a new stake in shares of TJX Companies during the third quarter worth approximately $206,000. Finally, Maxwell Wealth Strategies Inc. grew its position in TJX Companies by 19.9% during the third quarter. Maxwell Wealth Strategies Inc. now owns 27,644 shares of the apparel and home fashions retailer's stock valued at $3,145,000 after purchasing an additional 4,590 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. TD Cowen lifted their target price on shares of TJX Companies from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Friday. Loop Capital upped their target price on TJX Companies from $125.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, August 22nd. UBS Group boosted their price target on TJX Companies from $134.00 to $148.00 and gave the company a "buy" rating in a research note on Thursday, August 22nd. Wells Fargo & Company increased their price target on shares of TJX Companies from $100.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 22nd. Finally, Jefferies Financial Group upped their price objective on shares of TJX Companies from $130.00 to $140.00 and gave the stock a "buy" rating in a report on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $127.41.

Insider Buying and Selling

In other news, CEO Ernie Herrman sold 15,000 shares of the business's stock in a transaction dated 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 sale, the chief executive officer now directly owns 536,148 shares in the company, 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 SEC, which is available at the SEC website. 0.13% of the stock is currently owned by insiders.

TJX Companies Price Performance

NYSE:TJX traded up $0.06 on Friday, reaching $119.97. The stock had a trading volume of 5,103,496 shares, compared to its average volume of 4,488,200. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $135.31 billion, a P/E ratio of 28.98, a price-to-earnings-growth ratio of 3.04 and a beta of 0.89. The TJX Companies, Inc. has a 1-year low of $87.26 and a 1-year high of $122.10. The stock has a fifty day moving average price of $116.33 and a 200-day moving average price of $111.56.

TJX Companies (NYSE:TJX - Get Free Report) last announced its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, topping the consensus estimate of $0.92 by $0.04. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The business had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.31 billion. During the same period in the previous year, the business earned $0.85 EPS. TJX Companies's revenue was up 5.6% compared to the same quarter last year. Research analysts forecast that The TJX Companies, Inc. will post 4.14 EPS for the current year.

TJX Companies Dividend Announcement

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 dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.25%. The ex-dividend date is Thursday, November 14th. TJX Companies's dividend payout ratio is 36.23%.

TJX Companies 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.