D.A. Davidson & CO. Has $6.46 Million Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

D.A. Davidson & CO. trimmed its position in The TJX Companies, Inc. (NYSE:TJX) by 0.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,940 shares of the apparel and home fashions retailer’s stock after selling 234 shares during the quarter. D.A. Davidson & CO.’s holdings in TJX Companies were worth $6,458,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of TJX. Dai ichi Life Insurance Company Ltd lifted its position in shares of TJX Companies by 4.6% during the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 182,141 shares of the apparel and home fashions retailer’s stock worth $21,409,000 after purchasing an additional 7,951 shares during the last quarter. Patton Albertson Miller Group LLC lifted its holdings in shares of TJX Companies by 28.7% during the third quarter. Patton Albertson Miller Group LLC now owns 3,050 shares of the apparel and home fashions retailer’s stock worth $358,000 after buying an additional 680 shares during the last quarter. Private Trust Co. NA boosted its position in shares of TJX Companies by 3.9% in the third quarter. Private Trust Co. NA now owns 14,652 shares of the apparel and home fashions retailer’s stock valued at $1,722,000 after acquiring an additional 553 shares during the period. Truvestments Capital LLC bought a new stake in shares of TJX Companies in the third quarter valued at approximately $29,000. Finally, Brown Brothers Harriman & Co. increased its position in TJX Companies by 20.4% during the third quarter. Brown Brothers Harriman & Co. now owns 20,110 shares of the apparel and home fashions retailer’s stock worth $2,364,000 after acquiring an additional 3,411 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on TJX. StockNews.com downgraded shares of TJX Companies from a “buy” rating to a “hold” rating in a report on Friday, November 22nd. Morgan Stanley lifted their target price on TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. 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. 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. Finally, Barclays raised their target price on TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $129.47.

Insider Activity at TJX Companies

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 currently owned by company insiders.

TJX Companies Trading Up 0.1 %

TJX stock opened at $126.36 on Thursday. The business has a fifty day moving average price of $116.97 and a 200 day moving average price of $112.98. 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 TJX Companies, Inc. has a fifty-two week low of $87.44 and a fifty-two week high of $128.00. The stock has a market capitalization of $142.52 billion, a price-to-earnings ratio of 29.73, a P/E/G ratio of 3.10 and a beta of 0.89.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $13.95 billion. During the same period in the previous year, the business posted $1.03 earnings per share. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. Analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently declared 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. The ex-dividend date is Thursday, November 14th. This represents a $1.50 annualized dividend and a dividend yield of 1.19%. TJX Companies’s dividend payout ratio (DPR) is currently 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.