S&CO Inc. Reduces Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

S&CO Inc. reduced its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 24,875 shares of the apparel and home fashions retailer’s stock after selling 925 shares during the quarter. S&CO Inc.’s holdings in TJX Companies were worth $2,923,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Tocqueville Asset Management L.P. bought a new stake in TJX Companies during the 1st quarter valued at $218,000. Ontario Teachers Pension Plan Board grew its stake in TJX Companies by 6.9% in the first quarter. Ontario Teachers Pension Plan Board now owns 24,701 shares of the apparel and home fashions retailer’s stock valued at $2,505,000 after purchasing an additional 1,584 shares in the last quarter. Jacobi Capital Management LLC grew its stake in TJX Companies by 1.7% in the first quarter. Jacobi Capital Management LLC now owns 9,214 shares of the apparel and home fashions retailer’s stock valued at $934,000 after purchasing an additional 158 shares in the last quarter. Davis R M Inc. grew its stake in TJX Companies by 0.6% in the first quarter. Davis R M Inc. now owns 724,965 shares of the apparel and home fashions retailer’s stock valued at $73,526,000 after purchasing an additional 4,299 shares in the last quarter. Finally, Bahl & Gaynor Inc. boosted its stake in shares of TJX Companies by 3.3% during the 1st quarter. Bahl & Gaynor Inc. now owns 1,262,312 shares of the apparel and home fashions retailer’s stock worth $128,024,000 after acquiring an additional 40,361 shares in the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Stock Performance

Shares of TJX opened at $119.97 on Friday. The firm’s fifty day simple moving average is $116.33 and its two-hundred day simple moving average is $111.56. The TJX Companies, Inc. has a 12 month low of $87.26 and a 12 month high of $122.10. The stock has a market capitalization of $135.31 billion, a P/E ratio of 28.98, a price-to-earnings-growth ratio of 3.04 and a beta of 0.89. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The company had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. During the same quarter in the prior year, the business posted $0.85 EPS. The firm’s revenue was up 5.6% compared to the same quarter last year. As a group, analysts predict 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 paid a $0.375 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a yield of 1.25%. TJX Companies’s dividend payout ratio is 36.23%.

Insider Activity at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total value of $1,763,100.00. Following the completion of the transaction, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at $63,018,835.92. This trade represents a 2.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Robert W. Baird boosted 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. Bank of America increased their price objective on TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. UBS Group increased their price target on TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Wells Fargo & Company lifted their price target on TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a research note on Thursday, August 22nd. Finally, Jefferies Financial Group raised their price objective on TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, TJX Companies currently has an average rating of “Moderate Buy” and an average target price of $127.41.

TJX Companies Company 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.