The TJX Companies, Inc. (NYSE:TJX) Shares Sold by abrdn plc

abrdn plc cut its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 4.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,988,674 shares of the apparel and home fashions retailer's stock after selling 86,380 shares during the period. abrdn plc owned 0.18% of TJX Companies worth $233,222,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Advisors Capital Management LLC lifted its position in TJX Companies by 3.7% during the first quarter. Advisors Capital Management LLC now owns 572,324 shares of the apparel and home fashions retailer's stock valued at $58,045,000 after buying an additional 20,629 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in shares of TJX Companies by 9.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 136,798 shares of the apparel and home fashions retailer's stock valued at $13,874,000 after acquiring an additional 11,447 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in TJX Companies by 35.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer's stock worth $1,249,237,000 after purchasing an additional 3,255,849 shares during the period. FORA Capital LLC acquired a new stake in TJX Companies in the 1st quarter valued at $1,406,000. Finally, Koshinski Asset Management Inc. raised its position in TJX Companies by 219.8% in the first quarter. Koshinski Asset Management Inc. now owns 13,579 shares of the apparel and home fashions retailer's stock valued at $1,377,000 after purchasing an additional 9,333 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction dated 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 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.13% of the company's stock.

TJX Companies Stock Performance

Shares of NYSE:TJX traded down $0.06 on Tuesday, reaching $114.11. 3,400,992 shares of the company's stock were exchanged, compared to its average volume of 5,233,542. The business's 50-day moving average is $116.81 and its two-hundred day moving average is $109.51. 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 fifty-two week low of $87.05 and a fifty-two week high of $121.13. The firm has a market capitalization of $128.70 billion, a price-to-earnings ratio of 27.58, a PEG ratio of 2.88 and a beta of 0.89.

TJX Companies (NYSE:TJX - Get Free Report) last issued its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.92 by $0.04. The firm had revenue of $13.47 billion for the quarter, compared to analysts' expectations of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. TJX Companies's revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the company posted $0.85 earnings per share. As a group, equities research analysts forecast that The TJX Companies, Inc. will post 4.15 EPS for the current year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.31%. The ex-dividend date is Thursday, November 14th. TJX Companies's dividend payout ratio is presently 36.23%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TJX shares. Morgan Stanley increased their target price on TJX Companies from $122.00 to $129.00 and gave the company an "overweight" rating in a research note on Thursday, August 22nd. BMO Capital Markets increased their price objective on shares of TJX Companies from $116.00 to $133.00 and gave the company an "outperform" rating in a research report on Thursday, August 22nd. Jefferies Financial Group boosted their target price on shares of TJX Companies from $130.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, August 22nd. Citigroup lowered shares of TJX Companies from a "buy" rating to a "neutral" rating and raised their price target for the company from $110.00 to $128.00 in a report on Thursday, August 22nd. Finally, StockNews.com upgraded TJX Companies from a "hold" rating to a "buy" rating in a research note on Sunday, September 15th. 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, TJX Companies presently has a consensus rating of "Moderate Buy" and a consensus target price of $126.76.

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.