MAI Capital Management Has $12.37 Million Holdings in The TJX Companies, Inc. (NYSE:TJX)

MAI Capital Management cut its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 4.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 105,245 shares of the apparel and home fashions retailer's stock after selling 4,634 shares during the period. MAI Capital Management's holdings in TJX Companies were worth $12,371,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of TJX. Thrivent Financial for Lutherans lifted its holdings in TJX Companies by 2.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 114,416 shares of the apparel and home fashions retailer's stock valued at $13,448,000 after purchasing an additional 3,258 shares during the last quarter. Obsidian Personal Planning Solutions LLC acquired a new position in TJX Companies in the 3rd quarter valued at about $202,000. Concord Asset Management LLC VA lifted its position in TJX Companies by 18.7% during the third quarter. Concord Asset Management LLC VA now owns 8,024 shares of the apparel and home fashions retailer's stock worth $943,000 after acquiring an additional 1,262 shares during the last quarter. Adero Partners LLC boosted 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 worth $377,000 after acquiring an additional 164 shares during the period. Finally, GoalVest Advisory LLC grew its position in shares of TJX Companies by 3.5% in the third 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 last quarter. 91.09% of the stock is owned by institutional investors.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the firm's stock in a transaction on 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 completion of 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is owned by company insiders.

TJX Companies Price Performance

Shares of NYSE TJX traded down $0.11 during mid-day trading on Tuesday, hitting $119.56. 5,773,540 shares of the stock traded hands, compared to its average volume of 5,231,353. The company has a market cap of $134.85 billion, a PE ratio of 28.91, a price-to-earnings-growth ratio of 3.04 and a beta of 0.89. The TJX Companies, Inc. has a twelve month low of $87.44 and a twelve month high of $122.10. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60. The firm has a 50 day simple moving average of $116.38 and a two-hundred day simple moving average of $111.86.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, beating analysts' consensus estimates of $0.92 by $0.04. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The firm had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. During the same period last year, the firm posted $0.85 earnings per share. The business's revenue for the quarter was up 5.6% on a year-over-year basis. As a group, equities research analysts forecast that The TJX Companies, Inc. will post 4.14 EPS for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently declared 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 1.25%. The ex-dividend date is Thursday, November 14th. TJX Companies's payout ratio is currently 36.23%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Jefferies Financial Group boosted their price target on TJX Companies from $130.00 to $140.00 and gave the company a "buy" rating in a research note on Thursday, August 22nd. StockNews.com upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a research report on Sunday, September 15th. TD Cowen lifted their price target on shares of TJX Companies from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Friday. Citigroup cut TJX Companies from a "buy" rating to a "neutral" rating and boosted their price target for the company from $110.00 to $128.00 in a research note on Thursday, August 22nd. Finally, Loop Capital raised their price objective on TJX Companies from $125.00 to $140.00 and gave the stock a "buy" rating in a research note on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target 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.