Citigroup Inc. Cuts Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Citigroup Inc. lowered its holdings in The TJX Companies, Inc. (NYSE:TJX) by 41.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 895,512 shares of the apparel and home fashions retailer’s stock after selling 628,238 shares during the quarter. Citigroup Inc. owned approximately 0.08% of TJX Companies worth $105,259,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Gamco Investors INC. ET AL increased its holdings in shares of TJX Companies by 12.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 2,800 shares of the apparel and home fashions retailer’s stock valued at $284,000 after acquiring an additional 300 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. Morse Asset Management Inc grew its stake in TJX Companies by 81.3% in the first quarter. Morse Asset Management Inc now owns 7,560 shares of the apparel and home fashions retailer’s stock valued at $767,000 after purchasing an additional 3,390 shares during the last quarter. Mount Yale Investment Advisors LLC raised its holdings in TJX Companies by 1.0% in the first quarter. Mount Yale Investment Advisors LLC now owns 21,372 shares of the apparel and home fashions retailer’s stock worth $2,168,000 after purchasing an additional 209 shares in the last quarter. Finally, Earnest Partners LLC lifted its position in shares of TJX Companies by 23.0% during the first quarter. Earnest Partners LLC now owns 798,010 shares of the apparel and home fashions retailer’s stock valued at $80,934,000 after buying an additional 149,140 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Activity

In related news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction dated 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 owns 536,148 shares in the company, valued at $63,018,835.92. This represents a 2.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.13% of the company’s stock.

TJX Companies Stock Up 1.4 %

TJX stock opened at $121.47 on Friday. The firm’s fifty day moving average is $116.52 and its 200 day moving average is $112.31. The firm has a market cap of $137.00 billion, a PE ratio of 28.58, a P/E/G ratio of 3.01 and a beta of 0.89. The TJX Companies, Inc. has a one year low of $87.44 and a one year high of $122.10. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.60 and a current ratio of 1.19.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. The firm had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the firm earned $1.03 EPS. On average, research analysts forecast that The TJX Companies, Inc. will post 4.18 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 given a dividend of $0.375 per share. 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 1.23%. TJX Companies’s dividend payout ratio (DPR) is 35.29%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on TJX shares. StockNews.com lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Friday. TD Cowen upped their price target on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday. 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. Evercore ISI upped their target price on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, BMO Capital Markets increased their price target on TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Four equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $129.47.

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.