Paloma Partners Management Co Sells 21,022 Shares of The TJX Companies, Inc. (NYSE:TJX)

Paloma Partners Management Co decreased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 91.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,928 shares of the apparel and home fashions retailer's stock after selling 21,022 shares during the period. Paloma Partners Management Co's holdings in TJX Companies were worth $227,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ameriprise Financial Inc. lifted its position in TJX Companies by 33.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer's stock valued at $1,347,934,000 after purchasing an additional 3,063,318 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of TJX Companies by 7.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,182,564 shares of the apparel and home fashions retailer's stock valued at $1,079,319,000 after buying an additional 643,833 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of TJX Companies by 11.8% during the second quarter. Dimensional Fund Advisors LP now owns 6,265,171 shares of the apparel and home fashions retailer's stock worth $689,812,000 after buying an additional 662,681 shares during the period. 1832 Asset Management L.P. grew its holdings in TJX Companies by 14.2% in the 2nd quarter. 1832 Asset Management L.P. now owns 6,116,142 shares of the apparel and home fashions retailer's stock worth $673,387,000 after buying an additional 759,427 shares in the last quarter. Finally, Clearbridge Investments LLC increased its position in TJX Companies by 5.8% in the 2nd quarter. Clearbridge Investments LLC now owns 6,012,310 shares of the apparel and home fashions retailer's stock valued at $661,955,000 after acquiring an additional 330,277 shares during the period. 91.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on TJX shares. Bank of America boosted their price target on TJX Companies from $115.00 to $135.00 and gave the stock a "buy" rating in a research report on Thursday, August 22nd. BMO Capital Markets upped their price objective on shares of TJX Companies from $116.00 to $133.00 and gave the stock an "outperform" rating in a report on Thursday, August 22nd. Evercore ISI raised their target price on shares of TJX Companies from $138.00 to $142.00 and gave the company an "outperform" rating in a research note on Thursday, November 21st. Barclays upped their price target on shares of TJX Companies from $114.00 to $136.00 and gave the stock an "overweight" rating in a research note on Thursday, August 22nd. Finally, Citigroup cut shares of TJX Companies from a "buy" rating to a "neutral" rating and increased their price objective for the company from $110.00 to $128.00 in a report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $130.89.

TJX Companies Trading Up 0.1 %

Shares of TJX Companies stock traded up $0.17 on Friday, hitting $126.09. 4,064,762 shares of the company's stock traded hands, compared to its average volume of 5,069,746. The TJX Companies, Inc. has a one year low of $88.43 and a one year high of $128.00. 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 stock has a market capitalization of $142.21 billion, a PE ratio of 29.67, a price-to-earnings-growth ratio of 3.09 and a beta of 0.90. The firm's 50-day moving average price is $118.09 and its two-hundred day moving average price is $114.30.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.09 by $0.05. The firm had revenue of $14.06 billion during the quarter, compared to analysts' expectations of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business's revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.03 earnings per share. On average, research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 14th were given a $0.375 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.50 annualized dividend and a dividend yield of 1.19%. TJX Companies's dividend payout ratio is presently 35.29%.

Insiders Place Their Bets

In other news, CEO Ernie Herrman sold 15,000 shares of the business's stock in a transaction dated 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 sale, the chief executive officer now directly owns 536,148 shares in the company, valued at $63,018,835.92. The trade was 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. Corporate insiders own 0.13% of the company's stock.

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.