Pathstone Holdings LLC Sells 66,422 Shares of The TJX Companies, Inc. (NYSE:TJX)

Pathstone Holdings LLC trimmed its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 9.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 668,763 shares of the apparel and home fashions retailer's stock after selling 66,422 shares during the period. Pathstone Holdings LLC owned 0.06% of TJX Companies worth $78,606,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. First Trust Direct Indexing L.P. boosted its position in shares of TJX Companies by 12.4% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 47,104 shares of the apparel and home fashions retailer's stock worth $5,537,000 after purchasing an additional 5,207 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in TJX Companies by 35.9% in the first 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 acquiring an additional 3,255,849 shares in the last quarter. Swedbank AB grew its stake in shares of TJX Companies by 45.9% in the second quarter. Swedbank AB now owns 1,041,982 shares of the apparel and home fashions retailer's stock worth $114,722,000 after acquiring an additional 327,684 shares during the last quarter. UniSuper Management Pty Ltd increased its holdings in shares of TJX Companies by 176.6% during the first quarter. UniSuper Management Pty Ltd now owns 25,293 shares of the apparel and home fashions retailer's stock valued at $2,565,000 after acquiring an additional 16,148 shares in the last quarter. Finally, EP Wealth Advisors LLC raised its position in shares of TJX Companies by 229.8% in the 2nd quarter. EP Wealth Advisors LLC now owns 221,497 shares of the apparel and home fashions retailer's stock worth $24,387,000 after purchasing an additional 154,342 shares during the last quarter. Institutional investors own 91.09% of the company's stock.

Insider Activity

In other news, CEO Ernie Herrman sold 15,000 shares of the firm's stock in a transaction dated 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 owns 536,148 shares in the company, 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 document filed with the SEC, which is available at the SEC website. Company insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on TJX shares. StockNews.com raised 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 stock a "buy" rating in a research note on Friday. Jefferies Financial Group increased their price objective on shares of TJX Companies from $130.00 to $140.00 and gave the company a "buy" rating in a research report on Thursday, August 22nd. Bank of America raised their price target on TJX Companies from $115.00 to $135.00 and gave the stock a "buy" rating in a research note on Thursday, August 22nd. Finally, Evercore ISI increased their target price on TJX Companies from $115.00 to $126.00 and gave the company an "outperform" rating in a report on Monday, August 19th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, TJX Companies presently has an average rating of "Moderate Buy" and a consensus target price of $127.41.

TJX Companies Price Performance

Shares of NYSE TJX traded down $0.10 during midday trading on Tuesday, reaching $119.57. The stock had a trading volume of 5,787,930 shares, compared to its average volume of 5,231,379. The company has a market capitalization of $134.86 billion, a price-to-earnings ratio of 28.88, a price-to-earnings-growth ratio of 3.04 and a beta of 0.89. The TJX Companies, Inc. has a 12-month low of $87.44 and a 12-month high of $122.10. The stock has a 50-day moving average of $116.42 and a 200-day moving average of $112.04. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21.

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 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 business had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.31 billion. During the same quarter in the prior year, the business posted $0.85 EPS. TJX Companies's revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, research analysts anticipate 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. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Thursday, November 14th. TJX Companies's dividend payout ratio (DPR) is currently 36.23%.

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.