The TJX Companies, Inc. (NYSE:TJX) Stock Holdings Lowered by Geneva Capital Management LLC

Geneva Capital Management LLC trimmed its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 8.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 26,447 shares of the apparel and home fashions retailer’s stock after selling 2,295 shares during the quarter. Geneva Capital Management LLC’s holdings in TJX Companies were worth $3,109,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of TJX Companies by 1.3% during the first quarter. Vanguard Group Inc. now owns 97,476,558 shares of the apparel and home fashions retailer’s stock worth $9,886,073,000 after purchasing an additional 1,269,792 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of TJX Companies by 2.7% in the first quarter. Janus Henderson Group PLC now owns 13,226,465 shares of the apparel and home fashions retailer’s stock worth $1,341,392,000 after buying an additional 346,938 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of TJX Companies by 35.9% in the first 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 acquiring an additional 3,255,849 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of TJX Companies by 33.4% during the second quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer’s stock valued at $1,347,934,000 after acquiring an additional 3,063,318 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of TJX Companies by 11.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,265,171 shares of the apparel and home fashions retailer’s stock valued at $689,812,000 after acquiring an additional 662,681 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on TJX shares. Telsey Advisory Group restated an “outperform” rating and issued a $128.00 target price on shares of TJX Companies in a report on Wednesday, August 21st. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research report on Sunday, September 15th. Robert W. Baird upped their target price on TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Bank of America increased their price target on shares of TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Finally, Evercore ISI boosted their price objective on shares of TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, TJX Companies currently has a consensus rating of “Moderate Buy” and an average target price of $126.76.

Insider Activity at TJX Companies

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 stock was 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 directly owns 536,148 shares in the company, valued at $63,018,835.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is owned by corporate insiders.

TJX Companies Stock Up 1.5 %

TJX opened at $119.85 on Wednesday. The firm has a market cap of $135.18 billion, a P/E ratio of 28.95, a price-to-earnings-growth ratio of 2.99 and a beta of 0.89. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21. The business has a 50 day moving average price of $116.09 and a 200 day moving average price of $110.97. The TJX Companies, Inc. has a twelve month low of $87.26 and a twelve month high of $121.13.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.04. The business had revenue of $13.47 billion during 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 quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.85 EPS. Research analysts forecast that The TJX Companies, Inc. will post 4.14 EPS for the current year.

TJX Companies Dividend Announcement

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

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.