United Services Automobile Association Sells 6,385 Shares of The TJX Companies, Inc. (NYSE:TJX)

United Services Automobile Association reduced its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 20.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,251 shares of the apparel and home fashions retailer's stock after selling 6,385 shares during the period. United Services Automobile Association's holdings in TJX Companies were worth $2,968,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. First Trust Direct Indexing L.P. increased its position in TJX Companies by 12.4% in the 3rd 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. Swedbank AB grew its stake in shares of 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 worth $114,722,000 after acquiring an additional 327,684 shares during the last quarter. EP Wealth Advisors LLC increased its position in 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 worth $24,387,000 after acquiring an additional 154,342 shares during the period. Lombard Odier Asset Management Europe Ltd acquired a new position in TJX Companies during the 2nd quarter valued at $2,310,000. Finally, Transform Wealth LLC raised its stake in TJX Companies by 10.2% during the 3rd quarter. Transform Wealth LLC now owns 92,705 shares of the apparel and home fashions retailer's stock valued at $10,897,000 after purchasing an additional 8,553 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Citigroup downgraded shares of TJX Companies from a "buy" rating to a "neutral" rating and boosted their price objective for the stock from $110.00 to $128.00 in a report on Thursday, August 22nd. Telsey Advisory Group restated an "outperform" rating and set a $134.00 price target on shares of TJX Companies in a research note on Friday. Barclays upped their price target on TJX Companies from $114.00 to $136.00 and gave the company an "overweight" rating in a report on Thursday, August 22nd. Wells Fargo & Company lifted their price objective on TJX Companies from $100.00 to $115.00 and gave the stock an "equal weight" rating in a report on Thursday, August 22nd. Finally, UBS Group boosted their price objective on TJX Companies from $134.00 to $148.00 and gave the company a "buy" rating in a research report on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $130.89.

Insider Buying and Selling

In other TJX Companies 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 transaction, the chief executive officer now directly owns 536,148 shares in the company, valued at approximately $63,018,835.92. This trade represents a 2.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is owned by corporate insiders.

TJX Companies Price Performance

NYSE:TJX traded up $0.17 on Friday, reaching $126.09. The stock had a trading volume of 4,064,762 shares, compared to its average volume of 4,963,263. The company has a market capitalization of $141.75 billion, a P/E ratio of 29.67, a price-to-earnings-growth ratio of 3.10 and a beta of 0.90. The stock has a fifty day moving average price of $118.09 and a 200-day moving average price of $114.40. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a 1-year low of $88.43 and a 1-year high of $128.00.

TJX Companies (NYSE:TJX - Get Free Report) last announced its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, topping the consensus estimate of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. During the same period in the previous year, the business earned $1.03 EPS. TJX Companies's revenue was up 6.0% compared to the same quarter last year. Research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

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

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.