Landscape Capital Management L.L.C. Sells 43,680 Shares of The TJX Companies, Inc. (NYSE:TJX)

Landscape Capital Management L.L.C. lessened its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 67.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,762 shares of the apparel and home fashions retailer’s stock after selling 43,680 shares during the period. Landscape Capital Management L.L.C.’s holdings in TJX Companies were worth $2,440,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TJX. Stablepoint Partners LLC grew its holdings in TJX Companies by 0.3% in the third quarter. Stablepoint Partners LLC now owns 26,922 shares of the apparel and home fashions retailer’s stock worth $3,164,000 after purchasing an additional 89 shares during the period. Dearborn Partners LLC boosted its position in shares of TJX Companies by 4.0% in the 2nd quarter. Dearborn Partners LLC now owns 2,359 shares of the apparel and home fashions retailer’s stock worth $260,000 after purchasing an additional 90 shares in the last quarter. Concorde Asset Management LLC grew its stake in shares of TJX Companies by 2.8% in the 2nd quarter. Concorde Asset Management LLC now owns 3,330 shares of the apparel and home fashions retailer’s stock worth $367,000 after buying an additional 90 shares during the last quarter. Signature Estate & Investment Advisors LLC increased its position in TJX Companies by 3.4% during the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 2,706 shares of the apparel and home fashions retailer’s stock valued at $318,000 after buying an additional 90 shares in the last quarter. Finally, Sound Income Strategies LLC raised its stake in TJX Companies by 3.8% during the third quarter. Sound Income Strategies LLC now owns 2,507 shares of the apparel and home fashions retailer’s stock valued at $295,000 after buying an additional 91 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

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 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 approximately $63,018,835.92. The trade was a 2.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TJX. Wells Fargo & Company raised their price target on TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a report on Thursday, August 22nd. Evercore ISI raised their price objective on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research note on Thursday. BMO Capital Markets upped their target price on shares of TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. TD Cowen raised their price target on shares of TJX Companies from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a research report on Sunday, September 15th. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, TJX Companies presently has a consensus rating of “Moderate Buy” and an average price target of $129.35.

TJX Companies Price Performance

NYSE TJX opened at $119.77 on Friday. The company has a 50-day moving average price of $116.49 and a 200-day moving average price of $112.14. The TJX Companies, Inc. has a 52 week low of $87.44 and a 52 week high of $122.10. 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 firm has a market capitalization of $135.08 billion, a P/E ratio of 28.18, a PEG ratio of 3.03 and a beta of 0.89.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. The business had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The firm’s revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.03 earnings per share. Equities research analysts anticipate that The TJX Companies, Inc. will post 4.14 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.375 per share. 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 presently 35.29%.

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.