Jennison Associates LLC Sells 2,165,205 Shares of The TJX Companies, Inc. (NYSE:TJX)

Jennison Associates LLC lessened its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 23.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,037,000 shares of the apparel and home fashions retailer's stock after selling 2,165,205 shares during the quarter. Jennison Associates LLC owned approximately 0.62% of TJX Companies worth $827,129,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of TJX. Strategy Asset Managers LLC acquired a new position in TJX Companies in the 3rd quarter worth about $751,000. Segall Bryant & Hamill LLC grew its holdings in shares of TJX Companies by 11.0% during the third quarter. Segall Bryant & Hamill LLC now owns 288,132 shares of the apparel and home fashions retailer's stock worth $33,867,000 after purchasing an additional 28,499 shares during the last quarter. Prospera Private Wealth LLC increased its stake in shares of TJX Companies by 8.4% in the third quarter. Prospera Private Wealth LLC now owns 3,022 shares of the apparel and home fashions retailer's stock valued at $355,000 after buying an additional 233 shares during the period. Avior Wealth Management LLC raised its holdings in TJX Companies by 172.1% in the 3rd quarter. Avior Wealth Management LLC now owns 14,247 shares of the apparel and home fashions retailer's stock valued at $1,675,000 after buying an additional 9,011 shares during the last quarter. Finally, West Family Investments Inc. boosted its position in TJX Companies by 7.8% during the 3rd quarter. West Family Investments Inc. now owns 4,641 shares of the apparel and home fashions retailer's stock worth $546,000 after buying an additional 334 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 536,148 shares in the company, valued at approximately $63,018,835.92. This represents a 2.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.13% of the company's stock.

TJX Companies Price Performance

Shares of TJX Companies stock traded up $0.46 during trading on Wednesday, hitting $120.02. 6,296,223 shares of the stock traded hands, compared to its average volume of 5,236,178. The stock has a market cap of $135.37 billion, a price-to-earnings ratio of 28.76, a PEG ratio of 3.03 and a beta of 0.89. The firm's fifty day moving average is $116.42 and its 200-day moving average is $112.04. 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 TJX Companies, Inc. has a 52 week low of $87.44 and a 52 week high of $122.10.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.05. The business had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The firm's revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.03 earnings per share. Research analysts expect that The TJX Companies, Inc. will post 4.14 EPS for the current fiscal year.

TJX Companies Announces Dividend

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 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Thursday, November 14th. TJX Companies's dividend payout ratio (DPR) is presently 36.23%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TJX. Jefferies Financial Group raised their price target 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. TD Cowen increased their price target on TJX Companies from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Friday, November 15th. BMO Capital Markets lifted their price objective on TJX Companies from $116.00 to $133.00 and gave the stock an "outperform" rating in a research note on Thursday, August 22nd. Evercore ISI increased their target price on shares of TJX Companies from $115.00 to $126.00 and gave the company an "outperform" rating in a research report on Monday, August 19th. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $134.00 price target on shares of TJX Companies in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $127.41.

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.