The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Nicollet Investment Management Inc.

Nicollet Investment Management Inc. reduced its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 36,643 shares of the apparel and home fashions retailer’s stock after selling 322 shares during the quarter. TJX Companies makes up 1.5% of Nicollet Investment Management Inc.’s investment portfolio, making the stock its 26th biggest holding. Nicollet Investment Management Inc.’s holdings in TJX Companies were worth $4,307,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TJX. Coastline Trust Co boosted its holdings in TJX Companies by 3.2% in the third quarter. Coastline Trust Co now owns 39,980 shares of the apparel and home fashions retailer’s stock valued at $4,699,000 after purchasing an additional 1,240 shares in the last quarter. Valley Wealth Managers Inc. lifted its position in shares of TJX Companies by 10.1% during the 3rd quarter. Valley Wealth Managers Inc. now owns 4,343 shares of the apparel and home fashions retailer’s stock worth $510,000 after buying an additional 398 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of TJX Companies by 23.0% in the 3rd quarter. Empowered Funds LLC now owns 30,495 shares of the apparel and home fashions retailer’s stock valued at $3,584,000 after buying an additional 5,707 shares in the last quarter. Empirical Finance LLC lifted its position in TJX Companies by 2.1% in the third quarter. Empirical Finance LLC now owns 39,880 shares of the apparel and home fashions retailer’s stock valued at $4,687,000 after acquiring an additional 822 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC grew its holdings in shares of TJX Companies by 3.4% during the third quarter. Signature Estate & Investment Advisors LLC now owns 2,706 shares of the apparel and home fashions retailer’s stock worth $318,000 after purchasing an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Up 0.1 %

NYSE TJX opened at $119.98 on Friday. The stock has a market cap of $135.32 billion, a PE ratio of 28.98, a P/E/G ratio of 3.03 and a beta of 0.89. The business has a 50 day moving average price of $116.33 and a two-hundred day moving average price of $111.44. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37. The TJX Companies, Inc. has a fifty-two week low of $87.26 and a fifty-two week high of $122.10.

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

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s dividend payout ratio is currently 36.23%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on TJX shares. BMO Capital Markets raised their price objective on shares of TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Sunday, September 15th. Bank of America lifted their target price on shares of TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Evercore ISI increased their price target on shares of TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Finally, Morgan Stanley increased their target price on TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $127.41.

Insider Buying and Selling at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the business’s stock in a transaction dated 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 sale, 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 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 insiders.

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.