Mirae Asset Global Investments Co. Ltd. Decreases Position in The TJX Companies, Inc. (NYSE:TJX)

Mirae Asset Global Investments Co. Ltd. trimmed its stake in The TJX Companies, Inc. (NYSE:TJX) by 8.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 291,279 shares of the apparel and home fashions retailer’s stock after selling 25,174 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in TJX Companies were worth $24,698,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Gardner Lewis Asset Management L P increased its stake in TJX Companies by 1.9% in the second quarter. Gardner Lewis Asset Management L P now owns 62,589 shares of the apparel and home fashions retailer’s stock valued at $5,307,000 after purchasing an additional 1,176 shares during the last quarter. Shelton Capital Management increased its stake in TJX Companies by 6.8% in the second quarter. Shelton Capital Management now owns 198,926 shares of the apparel and home fashions retailer’s stock valued at $16,867,000 after purchasing an additional 12,602 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in TJX Companies in the second quarter valued at $1,637,000. Boston Partners increased its stake in TJX Companies by 0.6% in the second quarter. Boston Partners now owns 53,243 shares of the apparel and home fashions retailer’s stock valued at $4,514,000 after purchasing an additional 313 shares during the last quarter. Finally, JGP Wealth Management LLC acquired a new position in TJX Companies in the second quarter valued at $216,000. 89.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on TJX. Evercore ISI started coverage on TJX Companies in a research note on Tuesday, November 7th. They issued an “outperform” rating and a $105.00 target price for the company. Robert W. Baird upped their price target on TJX Companies from $90.00 to $96.00 and gave the stock an “outperform” rating in a research note on Thursday, August 17th. Loop Capital upped their price target on TJX Companies from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, September 6th. JPMorgan Chase & Co. upped their price target on TJX Companies from $104.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, August 17th. Finally, StockNews.com started coverage on TJX Companies in a research note on Thursday, October 5th. They set a “buy” rating for the company. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, TJX Companies presently has an average rating of “Moderate Buy” and an average price target of $98.11.

TJX Companies Trading Up 0.8 %

Shares of TJX opened at $89.54 on Tuesday. The company has a market capitalization of $102.44 billion, a P/E ratio of 25.37, a P/E/G ratio of 2.11 and a beta of 0.91. The TJX Companies, Inc. has a one year low of $72.92 and a one year high of $93.78. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.56 and a current ratio of 1.19. The stock has a 50-day moving average price of $89.63 and a 200 day moving average price of $85.88.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, November 15th. The apparel and home fashions retailer reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.04. The firm had revenue of $13.27 billion during the quarter, compared to the consensus estimate of $13.09 billion. TJX Companies had a return on equity of 62.67% and a net margin of 7.85%. TJX Companies’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.86 earnings per share. Sell-side analysts forecast that The TJX Companies, Inc. will post 3.74 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 9th will be issued a dividend of $0.3325 per share. This represents a $1.33 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Wednesday, November 8th. TJX Companies’s dividend payout ratio is presently 37.68%.

Insiders Place Their Bets

In other TJX Companies news, Chairman Carol Meyrowitz sold 64,817 shares of the stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $91.13, for a total transaction of $5,906,773.21. Following the transaction, the chairman now owns 135,050 shares of the company’s stock, valued at approximately $12,307,106.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other TJX Companies news, EVP Kenneth Canestrari sold 4,197 shares of the stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $90.00, for a total transaction of $377,730.00. Following the completion of the transaction, the executive vice president now directly owns 115,223 shares of the company’s stock, valued at approximately $10,370,070. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Carol Meyrowitz sold 64,817 shares of the stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $91.13, for a total value of $5,906,773.21. Following the transaction, the chairman now directly owns 135,050 shares of the company’s stock, valued at $12,307,106.50. The disclosure for this sale can be found here. Insiders have sold a total of 104,921 shares of company stock valued at $9,490,639 in the last quarter. Insiders own 0.13% of the company’s stock.

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.