Alkeon Capital Management LLC Sells 482,971 Shares of The TJX Companies, Inc. (NYSE:TJX)

Alkeon Capital Management LLC cut its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 9.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,381,901 shares of the apparel and home fashions retailer's stock after selling 482,971 shares during the period. TJX Companies accounts for 0.9% of Alkeon Capital Management LLC's portfolio, making the stock its 12th largest holding. Alkeon Capital Management LLC owned 0.39% of TJX Companies worth $515,049,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Richard W. Paul & Associates LLC bought a new stake in TJX Companies in the second quarter valued at approximately $25,000. Capital Performance Advisors LLP bought a new stake in TJX Companies in the 3rd quarter valued at $29,000. Truvestments Capital LLC acquired a new stake in TJX Companies during the 3rd quarter valued at $29,000. Copeland Capital Management LLC bought a new position in TJX Companies during the third quarter worth $30,000. Finally, New Millennium Group LLC acquired a new position in shares of TJX Companies in the second quarter valued at $34,000. 91.09% of the stock is owned by institutional investors.

Insider Activity at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total value 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 approximately $63,018,835.92. This represents a 2.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is owned by insiders.

TJX Companies Price Performance

TJX traded down $0.67 during trading on Friday, hitting $125.69. 2,846,727 shares of the stock traded hands, compared to its average volume of 5,252,924. The business has a 50 day moving average price of $117.29 and a 200 day moving average price of $113.26. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The TJX Companies, Inc. has a twelve month low of $87.44 and a twelve month high of $128.00. The company has a market cap of $141.76 billion, a price-to-earnings ratio of 29.57, a PEG ratio of 3.11 and a beta of 0.89.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, topping analysts' consensus estimates of $1.09 by $0.05. The company had revenue of $14.06 billion during the quarter, compared to analysts' expectations of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. TJX Companies's revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.03 EPS. Equities research analysts forecast that The TJX Companies, Inc. will post 4.18 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. Investors of record on Thursday, November 14th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date is Thursday, November 14th. TJX Companies's dividend payout ratio is 35.29%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. StockNews.com downgraded shares of TJX Companies from a "buy" rating to a "hold" rating in a report on Friday, November 22nd. Loop Capital increased their target price on TJX Companies from $125.00 to $140.00 and gave the stock a "buy" rating in a research note on Thursday, August 22nd. TD Cowen boosted their price target on TJX Companies from $130.00 to $132.00 and gave the company a "buy" rating in a research note on Friday, November 22nd. Barclays lifted their target price on TJX Companies from $114.00 to $136.00 and gave the stock an "overweight" rating in a report on Thursday, August 22nd. Finally, Citigroup lowered shares of TJX Companies from a "buy" rating to a "neutral" rating and raised their price target for the stock from $110.00 to $128.00 in a research report on Thursday, August 22nd. Four 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.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $129.47.

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.