Mediolanum International Funds Ltd Sells 45,493 Shares of The TJX Companies, Inc. (NYSE:TJX)

Mediolanum International Funds Ltd decreased its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 19.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 183,038 shares of the apparel and home fashions retailer's stock after selling 45,493 shares during the quarter. Mediolanum International Funds Ltd's holdings in TJX Companies were worth $21,471,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of TJX. Hengehold Capital Management LLC boosted its stake in TJX Companies by 17.6% during the 1st quarter. Hengehold Capital Management LLC now owns 2,632 shares of the apparel and home fashions retailer's stock valued at $267,000 after purchasing an additional 394 shares during the last quarter. Artemis Investment Management LLP grew its holdings in TJX Companies by 662.2% during the first quarter. Artemis Investment Management LLP now owns 32,868 shares of the apparel and home fashions retailer's stock worth $3,332,000 after buying an additional 28,556 shares in the last quarter. Register Financial Advisors LLC purchased a new stake in TJX Companies in the 1st quarter valued at $37,000. Norway Savings Bank lifted its stake in TJX Companies by 2.5% during the 1st quarter. Norway Savings Bank now owns 11,080 shares of the apparel and home fashions retailer's stock valued at $1,124,000 after acquiring an additional 275 shares in the last quarter. Finally, Webster Bank N. A. boosted its holdings in TJX Companies by 16.6% during the 1st quarter. Webster Bank N. A. now owns 3,418 shares of the apparel and home fashions retailer's stock worth $347,000 after acquiring an additional 486 shares during the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Ernie Herrman sold 15,000 shares of the business's stock in a transaction on Tuesday, September 10th. The shares were 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 in the company, valued at $63,018,835.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is owned by company insiders.

TJX Companies Stock Performance

Shares of NYSE TJX traded down $0.38 during midday trading on Friday, hitting $113.82. The company's stock had a trading volume of 2,685,261 shares, compared to its average volume of 5,254,148. The stock has a fifty day moving average price of $116.72 and a 200 day moving average price of $109.09. The firm has a market capitalization of $128.37 billion, a price-to-earnings ratio of 27.46, a P/E/G ratio of 2.91 and a beta of 0.89. The TJX Companies, Inc. has a one year low of $86.92 and a one year high of $121.13. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37.

TJX Companies (NYSE:TJX - Get Free Report) last posted its 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. The firm had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The business's quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.85 earnings per share. On average, research analysts forecast that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date is Thursday, November 14th. TJX Companies's payout ratio is 36.23%.

Wall Street Analyst Weigh In

Several analysts have recently commented on TJX shares. Telsey Advisory Group reiterated an "outperform" rating and issued a $128.00 target price on shares of TJX Companies in a report on Wednesday, August 21st. Loop Capital lifted their target price on shares of TJX Companies from $125.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, August 22nd. Barclays boosted their target price on TJX Companies from $114.00 to $136.00 and gave the stock an "overweight" rating in a research note on Thursday, August 22nd. UBS Group increased their price target on TJX Companies from $134.00 to $148.00 and gave the company a "buy" rating in a research report on Thursday, August 22nd. Finally, Wells Fargo & Company boosted their price objective on TJX Companies from $100.00 to $115.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $126.76.

About TJX Companies

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.