The TJX Companies, Inc. (NYSE:TJX) Shares Sold by KBC Group NV

KBC Group NV reduced its stake in The TJX Companies, Inc. (NYSE:TJX) by 5.1% during the 3rd quarter, Holdings Channel reports. The fund owned 210,644 shares of the apparel and home fashions retailer’s stock after selling 11,233 shares during the quarter. KBC Group NV’s holdings in TJX Companies were worth $24,759,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TJX. Huntington National Bank increased its stake in shares of TJX Companies by 5.7% during the third quarter. Huntington National Bank now owns 535,805 shares of the apparel and home fashions retailer’s stock worth $62,979,000 after buying an additional 28,883 shares during the period. Plato Investment Management Ltd raised its holdings in shares of TJX Companies by 1.1% in the 3rd quarter. Plato Investment Management Ltd now owns 38,015 shares of the apparel and home fashions retailer’s stock valued at $4,464,000 after purchasing an additional 405 shares in the last quarter. Cable Hill Partners LLC lifted its position in shares of TJX Companies by 18.8% during the 3rd quarter. Cable Hill Partners LLC now owns 2,999 shares of the apparel and home fashions retailer’s stock worth $353,000 after purchasing an additional 474 shares during the last quarter. Rossmore Private Capital grew its stake in shares of TJX Companies by 1.1% during the third quarter. Rossmore Private Capital now owns 17,021 shares of the apparel and home fashions retailer’s stock worth $2,001,000 after purchasing an additional 180 shares in the last quarter. Finally, MQS Management LLC purchased a new position in TJX Companies in the third quarter valued at $510,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the completion of the transaction, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. This represents a 2.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.13% of the stock is owned by corporate insiders.

TJX Companies Trading Up 0.1 %

NYSE:TJX opened at $119.98 on Friday. The TJX Companies, Inc. has a 12-month low of $87.26 and a 12-month high of $122.10. 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 stock’s 50 day simple moving average is $116.24 and its 200-day simple moving average is $111.27. The firm has a market cap of $135.32 billion, a P/E ratio of 28.98, a PEG ratio of 3.03 and a beta of 0.89.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.04. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The company 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 company posted $0.85 EPS. TJX Companies’s revenue was up 5.6% compared to the same quarter last year. Equities analysts anticipate that The TJX Companies, Inc. will post 4.14 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently disclosed 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 is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a yield of 1.25%. TJX Companies’s payout ratio is currently 36.23%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Loop Capital lifted their price target on TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Jefferies Financial Group upped their price target on TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Barclays raised their price objective on shares of TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Citigroup cut shares of TJX Companies from a “buy” rating to a “neutral” rating and upped their target price for the company from $110.00 to $128.00 in a report on Thursday, August 22nd. Finally, Robert W. Baird lifted their price target 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. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.41.

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.