Davis R M Inc. Decreases Stake in The TJX Companies, Inc. (NYSE:TJX)

Davis R M Inc. lowered its holdings in The TJX Companies, Inc. (NYSE:TJX) by 2.5% in the 3rd quarter, Holdings Channel reports. The firm owned 693,760 shares of the apparel and home fashions retailer’s stock after selling 17,753 shares during the period. TJX Companies accounts for 1.6% of Davis R M Inc.’s portfolio, making the stock its 17th biggest holding. Davis R M Inc.’s holdings in TJX Companies were worth $81,545,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Daiwa Securities Group Inc. raised its stake in shares of TJX Companies by 18.5% in the third quarter. Daiwa Securities Group Inc. now owns 167,425 shares of the apparel and home fashions retailer’s stock worth $19,679,000 after purchasing an additional 26,092 shares during the last quarter. Hartford Funds Management Co LLC grew its holdings in shares of TJX Companies by 0.5% in the third quarter. Hartford Funds Management Co LLC now owns 17,926 shares of the apparel and home fashions retailer’s stock worth $2,107,000 after acquiring an additional 86 shares during the period. Summit Trail Advisors LLC grew its holdings in shares of TJX Companies by 13.2% in the third quarter. Summit Trail Advisors LLC now owns 22,007 shares of the apparel and home fashions retailer’s stock worth $2,587,000 after acquiring an additional 2,567 shares during the period. Westfield Capital Management Co. LP grew its holdings in shares of TJX Companies by 1.7% in the third quarter. Westfield Capital Management Co. LP now owns 70,408 shares of the apparel and home fashions retailer’s stock worth $8,276,000 after acquiring an additional 1,209 shares during the period. Finally, Centaurus Financial Inc. bought a new stake in shares of TJX Companies in the third quarter worth $101,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Transactions at TJX Companies

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

Wall Street Analyst Weigh In

Several brokerages recently commented on TJX. Citigroup lowered TJX Companies from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $110.00 to $128.00 in a report on Thursday, August 22nd. Barclays lifted their price objective on TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Jefferies Financial Group lifted their price objective on TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Morgan Stanley boosted their price target on TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a report on Thursday. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $129.47.

TJX Companies Trading Up 1.4 %

Shares of TJX stock opened at $121.47 on Monday. The TJX Companies, Inc. has a 1 year low of $87.44 and a 1 year high of $122.10. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The stock’s 50 day simple moving average is $116.52 and its two-hundred day simple moving average is $112.51. The company has a market cap of $137.00 billion, a PE ratio of 28.58, a price-to-earnings-growth ratio of 2.99 and a beta of 0.89.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share 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 firm had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. During the same period in the prior year, the business posted $1.03 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. Research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be issued 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 1.23%. TJX Companies’s payout ratio is 35.29%.

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.