The TJX Companies, Inc. (NYSE:TJX) Stock Holdings Decreased by Pathway Financial Advisors LLC

Pathway Financial Advisors LLC lowered its stake in The TJX Companies, Inc. (NYSE:TJX) by 2.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 5,361 shares of the apparel and home fashions retailer’s stock after selling 161 shares during the period. Pathway Financial Advisors LLC’s holdings in TJX Companies were worth $630,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Running Oak Capital LLC increased its position in shares of 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 purchasing an additional 11,036 shares during the last quarter. New Mexico Educational Retirement Board raised its stake in TJX Companies by 15.9% during the first 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 during the period. Options Solutions LLC acquired a new stake in TJX Companies during the fourth quarter worth about $726,000. Advisors Capital Management LLC raised its stake in TJX Companies by 3.7% during the first 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 during the period. Finally, O Shaughnessy Asset Management LLC raised its stake in TJX Companies by 9.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 136,798 shares of the apparel and home fashions retailer’s stock worth $13,874,000 after acquiring an additional 11,447 shares during the period. Institutional investors 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 company’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 sale, the chief executive officer now owns 536,148 shares in the company, valued at approximately $63,018,835.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is owned by insiders.

TJX Companies Trading Up 1.2 %

Shares of NYSE:TJX opened at $113.45 on Wednesday. The stock has a market capitalization of $127.96 billion, a price-to-earnings ratio of 28.15, 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 debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21. The company has a 50 day moving average price of $115.63 and a 200 day moving average price of $107.75.

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 for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. The firm had revenue of $13.47 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 5.6% compared to the same quarter last year. During the same period last year, the firm posted $0.85 earnings per share. On average, research analysts anticipate that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal year.

TJX Companies Announces Dividend

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 $0.375 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 annualized dividend and a dividend yield of 1.32%. TJX Companies’s dividend payout ratio (DPR) is presently 37.22%.

Analysts Set New Price Targets

TJX has been the topic of several research reports. Robert W. Baird increased their price objective on shares of TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Evercore ISI increased their price objective on shares of TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. Wells Fargo & Company raised their price target on shares of TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a research note on Thursday, August 22nd. Jefferies Financial Group raised their price target on shares of TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Finally, Morgan Stanley raised their price target on shares of TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $126.76.

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.