MAI Capital Management Sells 4,634 Shares of The TJX Companies, Inc. (NYSE:TJX)

MAI Capital Management cut its stake in The TJX Companies, Inc. (NYSE:TJX) by 4.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 105,245 shares of the apparel and home fashions retailer’s stock after selling 4,634 shares during the period. MAI Capital Management’s holdings in TJX Companies were worth $12,371,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Richard W. Paul & Associates LLC acquired a new position in TJX Companies during the 2nd quarter valued at about $25,000. Capital Performance Advisors LLP acquired a new position in TJX Companies in the third quarter valued at approximately $29,000. Copeland Capital Management LLC bought a new position in TJX Companies in the third quarter valued at approximately $30,000. New Millennium Group LLC acquired a new stake in TJX Companies during the 2nd quarter worth $34,000. Finally, Anfield Capital Management LLC bought a new stake in shares of TJX Companies during the 2nd quarter valued at $37,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Trading Down 0.3 %

NYSE:TJX opened at $119.67 on Tuesday. The company has a market cap of $134.97 billion, a P/E ratio of 28.91, a price-to-earnings-growth ratio of 3.04 and a beta of 0.89. The TJX Companies, Inc. has a twelve month low of $87.44 and a twelve month high of $122.10. The business has a 50 day moving average price of $116.38 and a two-hundred day moving average price of $111.86. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The business had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.31 billion. During the same quarter last year, the firm earned $0.85 earnings per share. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, analysts expect that The TJX Companies, Inc. will post 4.14 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s dividend payout ratio is currently 36.23%.

Analyst Ratings Changes

TJX has been the topic of several recent research reports. Bank of America raised 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. Wells Fargo & Company boosted their target price on TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” 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 report on Wednesday, November 13th. BMO Capital Markets lifted their price objective on shares of TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Finally, UBS Group upped their target price on shares of TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating 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 data from MarketBeat.com, TJX Companies 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 sale, the chief executive officer now directly owns 536,148 shares of the company’s stock, 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 available through this hyperlink. 0.13% of the stock is currently owned by insiders.

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.