Rheos Capital Works Inc. Reduces Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Rheos Capital Works Inc. reduced its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 36.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 90,600 shares of the apparel and home fashions retailer’s stock after selling 51,000 shares during the period. Rheos Capital Works Inc.’s holdings in TJX Companies were worth $10,649,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. SPC Financial Inc. lifted its holdings in TJX Companies by 34.4% in the third quarter. SPC Financial Inc. now owns 3,608 shares of the apparel and home fashions retailer’s stock worth $424,000 after buying an additional 923 shares during the period. B.O.S.S. Retirement Advisors LLC lifted its holdings in TJX Companies by 14.4% in the third quarter. B.O.S.S. Retirement Advisors LLC now owns 37,197 shares of the apparel and home fashions retailer’s stock worth $4,372,000 after buying an additional 4,686 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its holdings in TJX Companies by 19.5% in the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 27,932 shares of the apparel and home fashions retailer’s stock worth $3,283,000 after buying an additional 4,557 shares during the period. Indiana Trust & Investment Management Co lifted its holdings in TJX Companies by 6.4% in the third quarter. Indiana Trust & Investment Management Co now owns 27,332 shares of the apparel and home fashions retailer’s stock worth $3,213,000 after buying an additional 1,635 shares during the period. Finally, Transform Wealth LLC lifted its holdings in TJX Companies by 10.2% in the third quarter. Transform Wealth LLC now owns 92,705 shares of the apparel and home fashions retailer’s stock worth $10,897,000 after buying an additional 8,553 shares during the period. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TJX has been the subject of several research analyst reports. Loop Capital raised their price objective on shares of TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. BMO Capital Markets raised their target price on shares of TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Bank of America raised their target price on shares of TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $128.00 target price on shares of TJX Companies in a research note on Wednesday, August 21st. Finally, Morgan Stanley raised their target price 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 analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $126.76.

Insider Transactions at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the transaction, the chief executive officer now owns 536,148 shares in the company, valued at $63,018,835.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Trading Up 0.5 %

NYSE:TJX opened at $117.39 on Thursday. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37. The TJX Companies, Inc. has a 12 month low of $86.92 and a 12 month high of $121.13. The company has a market cap of $132.40 billion, a PE ratio of 28.36, a price-to-earnings-growth ratio of 2.91 and a beta of 0.89. The company has a 50 day simple moving average of $116.11 and a two-hundred day simple moving average of $108.41.

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

TJX Companies Announces Dividend

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 paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s dividend payout ratio is presently 36.23%.

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.