Jennison Associates LLC Cuts Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Jennison Associates LLC lowered its stake in The TJX Companies, Inc. (NYSE:TJX) by 23.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 7,037,000 shares of the apparel and home fashions retailer’s stock after selling 2,165,205 shares during the period. Jennison Associates LLC owned 0.62% of TJX Companies worth $827,129,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. First Trust Direct Indexing L.P. lifted its stake in shares of 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 acquiring an additional 5,207 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of TJX Companies by 35.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock worth $1,249,237,000 after buying an additional 3,255,849 shares during the period. Swedbank AB boosted its holdings in shares of TJX Companies by 45.9% during the 2nd quarter. Swedbank AB now owns 1,041,982 shares of the apparel and home fashions retailer’s stock worth $114,722,000 after buying an additional 327,684 shares during the period. EP Wealth Advisors LLC raised its stake in TJX Companies by 229.8% during the 2nd 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 purchasing an additional 154,342 shares during the last quarter. Finally, Lombard Odier Asset Management Europe Ltd acquired a new position in shares of TJX Companies in the 2nd quarter valued at $2,310,000. Institutional investors own 91.09% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total value of $1,763,100.00. Following the completion of the sale, the chief executive officer now owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. This represents a 2.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Stock Down 0.1 %

TJX opened at $119.57 on Wednesday. The company has a market capitalization of $134.86 billion, a PE ratio of 28.88, a PEG ratio of 3.03 and a beta of 0.89. The TJX Companies, Inc. has a 1-year low of $87.44 and a 1-year high of $122.10. The firm’s 50 day simple moving average is $116.42 and its two-hundred day simple moving average is $112.04. 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) last announced its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. The company had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. TJX Companies’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.85 EPS. As a group, equities analysts forecast that The TJX Companies, Inc. will post 4.14 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders 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 dividend on an annualized basis and a dividend yield of 1.25%. TJX Companies’s payout ratio is currently 36.23%.

Analysts Set New Price Targets

Several analysts have weighed in on TJX shares. Wells Fargo & Company boosted 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. Morgan Stanley upped their target price on TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Citigroup lowered TJX Companies from a “buy” rating to a “neutral” rating and upped their price objective for the company from $110.00 to $128.00 in a research note on Thursday, August 22nd. Loop Capital increased their target price on TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Finally, TD Cowen increased their price target on TJX Companies from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the company currently 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.