Geneva Capital Management LLC Cuts Position in The TJX Companies, Inc. (NYSE:TJX)

Geneva Capital Management LLC lowered its holdings in The TJX Companies, Inc. (NYSE:TJX) by 8.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,447 shares of the apparel and home fashions retailer’s stock after selling 2,295 shares during the period. Geneva Capital Management LLC’s holdings in TJX Companies were worth $3,109,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Avantax Advisory Services Inc. grew its stake in shares of TJX Companies by 2.6% in the first quarter. Avantax Advisory Services Inc. now owns 24,337 shares of the apparel and home fashions retailer’s stock valued at $2,468,000 after buying an additional 607 shares in the last quarter. Bleakley Financial Group LLC raised its stake in shares of TJX Companies by 2.7% during the first quarter. Bleakley Financial Group LLC now owns 21,193 shares of the apparel and home fashions retailer’s stock valued at $2,149,000 after purchasing an additional 561 shares during the period. Edmond DE Rothschild Holding S.A. lifted its position in shares of TJX Companies by 5.8% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 3,317 shares of the apparel and home fashions retailer’s stock worth $336,000 after purchasing an additional 182 shares in the last quarter. Koshinski Asset Management Inc. boosted its stake in shares of TJX Companies by 219.8% in the first quarter. Koshinski Asset Management Inc. now owns 13,579 shares of the apparel and home fashions retailer’s stock valued at $1,377,000 after purchasing an additional 9,333 shares during the period. Finally, Eagle Bay Advisors LLC grew its holdings in TJX Companies by 94.4% during the 1st quarter. Eagle Bay Advisors LLC now owns 560 shares of the apparel and home fashions retailer’s stock valued at $57,000 after purchasing an additional 272 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 536,148 shares in the company, valued at approximately $63,018,835.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Trading Up 1.5 %

TJX Companies stock opened at $119.85 on Wednesday. The TJX Companies, Inc. has a 52-week low of $87.26 and a 52-week high of $121.13. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $135.18 billion, a price-to-earnings ratio of 28.95, a PEG ratio of 2.99 and a beta of 0.89. The firm has a 50-day moving average price of $116.09 and a two-hundred day moving average price of $110.97.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $13.31 billion. During the same period in the previous year, the firm posted $0.85 earnings per share. The business’s revenue was up 5.6% on a year-over-year basis. Sell-side analysts expect that The TJX Companies, Inc. will post 4.14 earnings per share for the current year.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s dividend payout ratio is currently 36.23%.

Wall Street Analysts Forecast Growth

TJX has been the subject of several recent analyst reports. TD Cowen raised their target price on TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Evercore ISI raised their price target on shares of TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. Barclays upped their price target on shares of TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. UBS Group raised their price objective on shares of TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Finally, Robert W. Baird upped their target price on shares of TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, TJX Companies currently has an average rating of “Moderate Buy” and a consensus 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.