The TJX Companies, Inc. (NYSE:TJX) Stock Position Reduced by Verde Servicos Internacionais S.A.

Verde Servicos Internacionais S.A. decreased its position in The TJX Companies, Inc. (NYSE:TJX) by 10.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 76,864 shares of the apparel and home fashions retailer’s stock after selling 9,391 shares during the quarter. TJX Companies accounts for approximately 4.2% of Verde Servicos Internacionais S.A.’s holdings, making the stock its 12th largest position. Verde Servicos Internacionais S.A.’s holdings in TJX Companies were worth $9,035,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Valued Wealth Advisors LLC increased its stake in TJX Companies by 260.3% during the first quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock valued at $25,000 after purchasing an additional 177 shares during the last quarter. Richard W. Paul & Associates LLC acquired a new stake in TJX Companies during the second quarter worth about $25,000. OFI Invest Asset Management bought a new position in TJX Companies in the first quarter worth about $30,000. AlphaMark Advisors LLC lifted its holdings in TJX Companies by 58.4% in the first quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer’s stock worth $34,000 after acquiring an additional 122 shares during the last quarter. Finally, New Millennium Group LLC acquired a new position in TJX Companies in the second quarter valued at approximately $34,000. 91.09% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction that occurred 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 owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.13% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Evercore ISI raised their price target on TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Morgan Stanley upped their price target on shares of TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. BMO Capital Markets lifted their price objective on shares of TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. TD Cowen upped their target price on shares of TJX Companies from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Finally, Citigroup cut TJX Companies from a “buy” rating to a “neutral” rating and lifted their price target for the company from $110.00 to $128.00 in a report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $126.76.

TJX Companies Trading Down 2.2 %

Shares of NYSE:TJX opened at $112.13 on Tuesday. The stock has a market capitalization of $126.47 billion, a price-to-earnings ratio of 27.82, a PEG ratio of 2.90 and a beta of 0.89. The TJX Companies, Inc. has a 1-year low of $86.92 and a 1-year high of $121.13. The company has a 50 day moving average price of $115.64 and a 200 day moving average price of $107.66. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The business had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.31 billion. During the same period in the previous year, the firm posted $0.85 EPS. The company’s quarterly revenue was up 5.6% on a year-over-year basis. On average, research analysts anticipate that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is currently 37.22%.

About TJX Companies

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.