The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.5% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 152,612 shares of the apparel and home fashions retailer's stock after selling 5,594 shares during the period. Mutual of America Capital Management LLC's holdings in TJX Companies were worth $17,938,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TJX. Richard W. Paul & Associates LLC acquired a new position in TJX Companies during the second quarter worth about $25,000. Capital Performance Advisors LLP acquired a new position in shares of TJX Companies during the 3rd quarter worth approximately $29,000. Copeland Capital Management LLC purchased a new stake in shares of TJX Companies in the third quarter valued at approximately $30,000. New Millennium Group LLC acquired a new stake in shares of TJX Companies in the second quarter valued at approximately $34,000. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of TJX Companies in the third quarter valued at approximately $37,000. Institutional investors and hedge funds own 91.09% of the company's stock.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the firm's 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 owns 536,148 shares of the company's stock, valued at $63,018,835.92. This trade represents a 2.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is currently owned by company insiders.

TJX Companies Trading Up 0.1 %

TJX traded up $0.06 during mid-day trading on Friday, hitting $119.97. 5,103,496 shares of the stock were exchanged, compared to its average volume of 4,488,200. The company has a market cap of $135.31 billion, a PE ratio of 28.98, a PEG ratio of 3.04 and a beta of 0.89. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37. The firm's fifty day moving average is $116.33 and its two-hundred day moving average is $111.56. The TJX Companies, Inc. has a 1-year low of $87.26 and a 1-year high of $122.10.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.04. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The business had revenue of $13.47 billion for the quarter, compared to analysts' expectations of $13.31 billion. During the same quarter in the prior year, the company earned $0.85 earnings per share. The business's quarterly revenue was up 5.6% on a year-over-year basis. Equities analysts forecast that The TJX Companies, Inc. will post 4.14 earnings per share 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 $0.375 dividend. 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

TJX has been the subject of several analyst reports. Bank of America upped their target price on TJX Companies from $115.00 to $135.00 and gave the company a "buy" rating in a report on Thursday, August 22nd. StockNews.com raised shares of TJX Companies from a "hold" rating to a "buy" rating in a report on Sunday, September 15th. UBS Group lifted their target price on shares of TJX Companies from $134.00 to $148.00 and gave the stock a "buy" rating in a research note on Thursday, August 22nd. Barclays increased their price target on shares of TJX Companies from $114.00 to $136.00 and gave the company an "overweight" rating in a research note on Thursday, August 22nd. Finally, Evercore ISI lifted their price target 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. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat, TJX Companies presently has an average rating of "Moderate Buy" and a consensus target price of $127.41.

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.