The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Portfolio Design Labs LLC

Portfolio Design Labs LLC cut its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 52.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,935 shares of the apparel and home fashions retailer's stock after selling 15,673 shares during the quarter. Portfolio Design Labs LLC's holdings in TJX Companies were worth $1,638,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Richard W. Paul & Associates LLC acquired a new stake in shares of TJX Companies during the second quarter valued at about $25,000. Capital Performance Advisors LLP acquired a new stake in TJX Companies in the third quarter valued at approximately $29,000. Copeland Capital Management LLC acquired a new stake in TJX Companies in the third quarter valued at approximately $30,000. New Millennium Group LLC purchased a new position in shares of TJX Companies during the second quarter valued at approximately $34,000. Finally, Anfield Capital Management LLC purchased a new position in shares of TJX Companies during the second quarter valued at approximately $37,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the business's stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 536,148 shares in the company, valued at approximately $63,018,835.92. The trade was a 2.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is owned by company insiders.

TJX Companies Stock Performance

TJX traded up $0.18 on Wednesday, reaching $119.74. 8,872,769 shares of the stock were exchanged, compared to its average volume of 5,248,148. The company's 50-day moving average price is $116.42 and its 200 day moving average price is $112.04. The TJX Companies, Inc. has a fifty-two week low of $87.44 and a fifty-two week high of $122.10. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60. The firm has a market capitalization of $135.05 billion, a PE ratio of 28.76, a PEG ratio of 3.03 and a beta of 0.89.

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 the consensus estimate of $1.09 by $0.05. The business 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 63.19% and a net margin of 8.56%. The company's revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.03 EPS. As a group, sell-side analysts forecast that The TJX Companies, Inc. will post 4.14 EPS for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 annualized dividend and a dividend yield of 1.25%. TJX Companies's dividend payout ratio is presently 36.23%.

Analyst Upgrades and Downgrades

TJX has been the topic of several research analyst reports. TD Cowen boosted their price objective on TJX Companies from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Barclays raised their price target on TJX Companies from $114.00 to $136.00 and gave the stock an "overweight" rating in a research report on Thursday, August 22nd. Morgan Stanley lifted their price objective on TJX Companies from $122.00 to $129.00 and gave the stock an "overweight" rating in a research report on Thursday, August 22nd. Telsey Advisory Group reiterated an "outperform" rating and set a $134.00 price objective on shares of TJX Companies in a research note on Wednesday. Finally, Citigroup cut TJX Companies from a "buy" rating to a "neutral" rating and lifted their price objective for the company from $110.00 to $128.00 in a research note on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $127.41.

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.