Profund Advisors LLC Sells 4,699 Shares of The TJX Companies, Inc. (NYSE:TJX)

Profund Advisors LLC reduced its stake in The TJX Companies, Inc. (NYSE:TJX) by 17.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,339 shares of the apparel and home fashions retailer’s stock after selling 4,699 shares during the period. Profund Advisors LLC’s holdings in TJX Companies were worth $2,460,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Running Oak Capital LLC grew its stake in TJX Companies by 10.9% in the 1st quarter. Running Oak Capital LLC now owns 111,987 shares of the apparel and home fashions retailer’s stock worth $11,358,000 after acquiring an additional 11,036 shares in the last quarter. New Mexico Educational Retirement Board grew its stake in TJX Companies by 15.9% in the 1st quarter. New Mexico Educational Retirement Board now owns 69,380 shares of the apparel and home fashions retailer’s stock worth $7,037,000 after acquiring an additional 9,500 shares in the last quarter. Options Solutions LLC bought a new position in TJX Companies in the 4th quarter worth about $726,000. Advisors Capital Management LLC grew its stake in TJX Companies by 3.7% in the 1st quarter. Advisors Capital Management LLC now owns 572,324 shares of the apparel and home fashions retailer’s stock worth $58,045,000 after acquiring an additional 20,629 shares in the last quarter. Finally, Evoke Wealth LLC grew its stake in TJX Companies by 55.2% in the 4th quarter. Evoke Wealth LLC now owns 122,100 shares of the apparel and home fashions retailer’s stock worth $11,454,000 after acquiring an additional 43,405 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction dated 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 sale, the chief executive officer now owns 536,148 shares in the company, valued at $63,018,835.92. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Telsey Advisory Group restated an “outperform” rating and issued a $128.00 target price on shares of TJX Companies in a research note on Wednesday, August 21st. Evercore ISI upped their price target on shares of TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. UBS Group upped their price target on shares of TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Bank of America increased their target price on shares of TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Finally, Barclays increased their target price on shares of TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, TJX Companies presently has an average rating of “Moderate Buy” and an average price target of $126.76.

TJX Companies Stock Down 0.3 %

TJX stock opened at $117.93 on Monday. The firm has a market cap of $133.28 billion, a PE ratio of 29.26, a P/E/G ratio of 3.02 and a beta of 0.89. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21. The firm’s fifty day moving average is $114.83 and its 200 day moving average is $106.28. The TJX Companies, Inc. has a one year low of $86.71 and a one year high of $121.13.

TJX Companies (NYSE:TJX) last released its quarterly 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 for the quarter, compared to analyst estimates of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The firm’s revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the business earned $0.85 earnings per share. On average, research analysts forecast that The TJX Companies, Inc. will post 4.15 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.50 annualized dividend and a yield of 1.27%. TJX Companies’s dividend payout ratio is presently 37.22%.

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.