PNC Financial Services Group Inc. Has $207.78 Million Position in The TJX Companies, Inc. (NYSE:TJX)

PNC Financial Services Group Inc. reduced its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,767,704 shares of the apparel and home fashions retailer's stock after selling 61,173 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.16% of TJX Companies worth $207,776,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of TJX. UniSuper Management Pty Ltd boosted 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 during the period. Bessemer Group Inc. raised its holdings in shares of TJX Companies by 61.5% during the first quarter. Bessemer Group Inc. now owns 90,369 shares of the apparel and home fashions retailer's stock valued at $9,167,000 after buying an additional 34,426 shares during the last quarter. Lake Street Advisors Group LLC boosted its position in shares of TJX Companies by 29.7% during the first quarter. Lake Street Advisors Group LLC now owns 12,059 shares of the apparel and home fashions retailer's stock worth $1,223,000 after buying an additional 2,764 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in TJX Companies by 137.6% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 213,373 shares of the apparel and home fashions retailer's stock worth $21,640,000 after buying an additional 123,566 shares in the last quarter. Finally, Pitcairn Co. increased its position in TJX Companies by 17.1% in the 1st quarter. Pitcairn Co. now owns 14,763 shares of the apparel and home fashions retailer's stock valued at $1,497,000 after acquiring an additional 2,156 shares during the period. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Trading Down 0.1 %

TJX stock traded down $0.10 during mid-day trading on Tuesday, reaching $119.57. 5,787,930 shares of the stock traded hands, compared to its average volume of 5,231,379. The stock's fifty day moving average is $116.38 and its 200-day moving average is $111.86. The company has a market cap of $134.86 billion, a P/E ratio of 28.91, a P/E/G ratio of 3.04 and a beta of 0.89. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37. The TJX Companies, Inc. has a 52-week low of $87.44 and a 52-week high of $122.10.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share 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 analysts' expectations of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The company's quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.85 EPS. As a group, sell-side analysts expect that The TJX Companies, Inc. will post 4.14 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.25%. TJX Companies's dividend payout ratio is 36.23%.

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 transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.13% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TJX. Robert W. Baird boosted their price target on TJX Companies from $113.00 to $128.00 and gave the stock an "outperform" rating in a research report on Thursday, August 22nd. StockNews.com raised shares of TJX Companies from a "hold" rating to a "buy" rating in a research note on Sunday, September 15th. Loop Capital upped their price target on shares of TJX Companies from $125.00 to $140.00 and gave the stock a "buy" rating in a research note on Thursday, August 22nd. Barclays raised their price objective on shares of TJX Companies from $114.00 to $136.00 and gave the company an "overweight" rating in a research note on Thursday, August 22nd. Finally, UBS Group upped their target price on TJX Companies from $134.00 to $148.00 and gave the stock a "buy" rating in a research report on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $127.41.

TJX Companies Company 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.