Harvest Fund Management Co. Ltd Lowers Holdings in The TJX Companies, Inc. (NYSE:TJX)

Harvest Fund Management Co. Ltd lessened its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 38.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,376 shares of the apparel and home fashions retailer's stock after selling 7,672 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in TJX Companies were worth $1,453,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd increased its holdings in shares of TJX Companies by 9.2% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 20,893 shares of the apparel and home fashions retailer's stock worth $2,456,000 after purchasing an additional 1,760 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of TJX Companies by 18.5% in the 3rd 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 period. Hartford Funds Management Co LLC boosted its stake in shares of TJX Companies by 0.5% during the 3rd quarter. Hartford Funds Management Co LLC now owns 17,926 shares of the apparel and home fashions retailer's stock worth $2,107,000 after acquiring an additional 86 shares during the last quarter. Summit Trail Advisors LLC grew its stake in shares of TJX Companies by 13.2% during the 3rd 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 acquiring an additional 2,567 shares during the period. Finally, Westfield Capital Management Co. LP boosted its holdings in 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 worth $8,276,000 after buying an additional 1,209 shares during the period. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Stock Up 1.1 %

Shares of TJX traded up $1.39 during mid-day trading on Tuesday, hitting $126.18. The company's stock had a trading volume of 4,724,618 shares, compared to its average volume of 5,266,744. The company's 50-day moving average is $116.79 and its 200-day moving average is $112.88. The TJX Companies, Inc. has a 52-week low of $87.44 and a 52-week high of $126.44. The firm has a market capitalization of $142.31 billion, a price-to-earnings ratio of 29.69, a PEG ratio of 2.99 and a beta of 0.89. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly 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 business had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business's quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.03 earnings per share. On average, equities research analysts forecast 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 dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.19%. The ex-dividend date is Thursday, November 14th. TJX Companies's dividend payout ratio is currently 35.29%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on TJX shares. Bank of America raised their target price on shares of TJX Companies from $115.00 to $135.00 and gave the company a "buy" rating in a research note on Thursday, August 22nd. StockNews.com cut TJX Companies from a "buy" rating to a "hold" rating in a report on Friday. Deutsche Bank Aktiengesellschaft upped their price objective on TJX Companies from $130.00 to $131.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Citigroup downgraded TJX Companies from a "buy" rating to a "neutral" rating and increased their target price for the company from $110.00 to $128.00 in a research report on Thursday, August 22nd. Finally, BMO Capital Markets boosted their price target on shares of TJX Companies from $116.00 to $133.00 and gave the stock an "outperform" rating in a research report on Thursday, August 22nd. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $129.47.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer now directly owns 536,148 shares of the company's stock, valued at $63,018,835.92. This represents a 2.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.13% of the stock is currently owned by corporate insiders.

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.