The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Savoir Faire Capital Management L.P.

Savoir Faire Capital Management L.P. lowered its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 36.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,284 shares of the apparel and home fashions retailer's stock after selling 17,716 shares during the quarter. TJX Companies makes up 1.8% of Savoir Faire Capital Management L.P.'s portfolio, making the stock its 27th biggest position. Savoir Faire Capital Management L.P.'s holdings in TJX Companies were worth $3,560,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. First Trust Direct Indexing L.P. lifted its holdings in TJX Companies by 12.4% during the third 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 buying an additional 5,207 shares during the period. Price T Rowe Associates Inc. MD boosted its position in TJX Companies by 35.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer's stock valued at $1,249,237,000 after purchasing an additional 3,255,849 shares in the last quarter. Swedbank AB grew its stake in 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 valued at $114,722,000 after purchasing an additional 327,684 shares during the last quarter. UniSuper Management Pty Ltd raised its holdings in TJX Companies by 176.6% in the first quarter. UniSuper Management Pty Ltd now owns 25,293 shares of the apparel and home fashions retailer's stock worth $2,565,000 after purchasing an additional 16,148 shares in the last quarter. Finally, EP Wealth Advisors LLC lifted its position in shares of TJX Companies by 229.8% during the second quarter. EP Wealth Advisors LLC now owns 221,497 shares of the apparel and home fashions retailer's stock valued at $24,387,000 after buying an additional 154,342 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

Analyst Ratings Changes

TJX has been the subject of several recent analyst reports. Morgan Stanley boosted their price objective on shares of TJX Companies from $122.00 to $129.00 and gave the stock an "overweight" rating in a research note on Thursday, August 22nd. Robert W. Baird raised their price objective on TJX Companies from $113.00 to $128.00 and gave the stock an "outperform" rating in a research report on Thursday, August 22nd. Telsey Advisory Group reiterated an "outperform" rating and issued a $134.00 price target on shares of TJX Companies in a research note on Wednesday, November 13th. BMO Capital Markets boosted their price target on TJX Companies from $116.00 to $133.00 and gave the stock an "outperform" rating in a research note on Thursday, August 22nd. Finally, Loop Capital increased their price objective on shares of TJX Companies from $125.00 to $140.00 and gave the company 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. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $127.41.

Insider Activity

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the company'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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.13% of the company's stock.

TJX Companies Stock Performance

TJX Companies stock traded down $0.10 during mid-day trading on Tuesday, hitting $119.57. The company 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 28.91, a P/E/G 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 company's fifty day moving average is $116.38 and its 200-day moving average is $111.86. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, beating the consensus estimate of $0.92 by $0.04. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The company had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. During the same quarter last year, the business earned $0.85 earnings per share. The firm's revenue was up 5.6% on a year-over-year basis. Equities research analysts predict that The TJX Companies, Inc. will post 4.14 EPS for the current year.

TJX Companies Announces Dividend

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 paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Thursday, November 14th. TJX Companies's payout ratio is 36.23%.

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.