Cornercap Investment Counsel Inc. Reduces Holdings in The TJX Companies, Inc. (NYSE:TJX)

Cornercap Investment Counsel Inc. trimmed its stake in The TJX Companies, Inc. (NYSE:TJX) by 34.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,539 shares of the apparel and home fashions retailer’s stock after selling 3,945 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in TJX Companies were worth $886,000 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 TJX. First Trust Direct Indexing L.P. grew its stake in shares of TJX Companies by 12.4% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 47,104 shares of the apparel and home fashions retailer’s stock valued at $5,537,000 after buying an additional 5,207 shares during the period. O Shaughnessy Asset Management LLC grew its holdings in TJX Companies by 9.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 136,798 shares of the apparel and home fashions retailer’s stock worth $13,874,000 after acquiring an additional 11,447 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in 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 valued at $1,249,237,000 after buying an additional 3,255,849 shares during the last quarter. Swedbank AB increased its holdings in shares of TJX Companies by 45.9% in the 2nd quarter. Swedbank AB now owns 1,041,982 shares of the apparel and home fashions retailer’s stock valued at $114,722,000 after acquiring an additional 327,684 shares during the last quarter. Finally, UniSuper Management Pty Ltd raised its holdings in shares of TJX Companies by 176.6% during the first quarter. UniSuper Management Pty Ltd now owns 25,293 shares of the apparel and home fashions retailer’s stock worth $2,565,000 after purchasing an additional 16,148 shares during the period. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the business’s 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 completion of the transaction, the chief executive officer now owns 536,148 shares of the company’s stock, valued at $63,018,835.92. The trade was a 2.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TJX. BMO Capital Markets increased their price target on TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Bank of America upped their target price on TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Barclays upped 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. Citigroup downgraded shares of 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 report on Thursday, August 22nd. Finally, Loop Capital lifted their price objective on shares of TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, TJX Companies has an average rating of “Moderate Buy” and a consensus target price of $127.12.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $119.91 on Friday. The firm has a market cap of $135.24 billion, a price-to-earnings ratio of 28.96, a P/E/G ratio of 3.06 and a beta of 0.89. The TJX Companies, Inc. has a 1 year low of $87.26 and a 1 year high of $122.10. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37. The business has a fifty day simple moving average of $116.21 and a 200 day simple moving average of $111.21.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.04. The business had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The firm’s revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.85 EPS. As a group, sell-side analysts predict that The TJX Companies, Inc. will post 4.14 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s dividend payout ratio is 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.