Sargent Investment Group LLC Reduces Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Sargent Investment Group LLC decreased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,965 shares of the apparel and home fashions retailer’s stock after selling 113 shares during the period. Sargent Investment Group LLC’s holdings in TJX Companies were worth $584,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in TJX Companies by 1.3% in 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 last quarter. Janus Henderson Group PLC boosted its stake in shares of TJX Companies by 2.7% during the first quarter. Janus Henderson Group PLC now owns 13,226,465 shares of the apparel and home fashions retailer’s stock valued at $1,341,392,000 after purchasing an additional 346,938 shares during the period. Price T Rowe Associates Inc. MD boosted its position in 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 valued at $1,249,237,000 after acquiring an additional 3,255,849 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of TJX Companies by 33.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer’s stock worth $1,347,934,000 after acquiring an additional 3,063,318 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in TJX Companies by 11.8% in the second quarter. Dimensional Fund Advisors LP now owns 6,265,171 shares of the apparel and home fashions retailer’s stock worth $689,812,000 after acquiring an additional 662,681 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

Insider Activity at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction on 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 transaction, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at $63,018,835.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TJX shares. Barclays boosted their price objective on TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Jefferies Financial Group boosted their price objective on TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Citigroup lowered TJX Companies from a “buy” rating to a “neutral” rating and upped their price target for the company from $110.00 to $128.00 in a research report on Thursday, August 22nd. Wells Fargo & Company upped their price target on TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a research report on Thursday, August 22nd. Finally, StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research report on Sunday, September 15th. Three 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 $127.12.

TJX Companies Stock Performance

NYSE:TJX traded up $0.58 during mid-day trading on Thursday, reaching $121.34. 1,313,127 shares of the company’s stock were exchanged, compared to its average volume of 5,210,250. The TJX Companies, Inc. has a one year low of $87.26 and a one year high of $122.10. The firm has a market capitalization of $136.86 billion, a PE ratio of 29.27, a price-to-earnings-growth ratio of 3.03 and a beta of 0.89. The business’s fifty day simple moving average is $116.21 and its two-hundred day simple moving average is $111.21. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, topping the consensus estimate of $0.92 by $0.04. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The business had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.31 billion. During the same period last year, the company earned $0.85 EPS. The firm’s revenue was up 5.6% compared to the same quarter last year. Analysts anticipate that The TJX Companies, Inc. will post 4.14 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s payout ratio is currently 36.23%.

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.