BNP Paribas Decreases Stock Position in The TJX Companies, Inc. (NYSE:TJX)

BNP Paribas decreased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,811 shares of the apparel and home fashions retailer’s stock after selling 552 shares during the period. BNP Paribas’ holdings in TJX Companies were worth $8,911,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in TJX. Ameriprise Financial Inc. boosted 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 valued at $1,347,934,000 after buying an additional 3,063,318 shares during the last quarter. Dimensional Fund Advisors LP raised 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 valued at $689,812,000 after acquiring an additional 662,681 shares in the last quarter. 1832 Asset Management L.P. boosted its stake in TJX Companies by 14.2% during the 2nd quarter. 1832 Asset Management L.P. now owns 6,116,142 shares of the apparel and home fashions retailer’s stock valued at $673,387,000 after acquiring an additional 759,427 shares during the last quarter. Clearbridge Investments LLC grew its holdings in TJX Companies by 5.8% during the 2nd quarter. Clearbridge Investments LLC now owns 6,012,310 shares of the apparel and home fashions retailer’s stock worth $661,955,000 after acquiring an additional 330,277 shares in the last quarter. Finally, PineStone Asset Management Inc. increased its position in shares of TJX Companies by 134.2% in the 2nd quarter. PineStone Asset Management Inc. now owns 5,467,797 shares of the apparel and home fashions retailer’s stock worth $602,004,000 after purchasing an additional 3,132,960 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Activity 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

TJX has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. StockNews.com downgraded TJX Companies from a “buy” rating to a “hold” rating in a report on Friday, November 22nd. Loop Capital lifted their target price on TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Morgan Stanley upped their price target on TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Finally, Wells Fargo & Company lifted their price objective on shares of TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a report on Thursday, August 22nd. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $129.47.

TJX Companies Trading Up 1.1 %

TJX Companies stock opened at $126.18 on Wednesday. The firm has a 50-day moving average price of $116.79 and a two-hundred day moving average price of $112.88. The TJX Companies, Inc. has a 52-week low of $87.44 and a 52-week high of $126.44. The firm has a market capitalization of $142.31 billion, a price-to-earnings ratio of 29.69, a PEG ratio of 3.07 and a beta of 0.89. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. During the same period in the previous year, the firm posted $1.03 earnings per share. The business’s revenue was up 6.0% on a year-over-year basis. Sell-side analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm also recently declared 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 1.19%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is 35.29%.

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.