Tranquility Partners LLC Has $1.64 Million Holdings in The TJX Companies, Inc. (NYSE:TJX)

Tranquility Partners LLC trimmed its stake in The TJX Companies, Inc. (NYSE:TJX) by 0.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 13,948 shares of the apparel and home fashions retailer’s stock after selling 125 shares during the period. Tranquility Partners LLC’s holdings in TJX Companies were worth $1,639,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Richard W. Paul & Associates LLC acquired a new stake in TJX Companies during the second quarter worth about $25,000. Capital Performance Advisors LLP acquired a new stake in shares of TJX Companies during the 3rd quarter worth approximately $29,000. Copeland Capital Management LLC bought a new stake in shares of TJX Companies during the third quarter valued at approximately $30,000. New Millennium Group LLC bought a new stake in shares of TJX Companies during the second quarter valued at approximately $34,000. Finally, Anfield Capital Management LLC acquired a new position in shares of TJX Companies in the second quarter valued at $37,000. Institutional investors own 91.09% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Evercore ISI lifted their price target 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. Citigroup lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and lifted their target price for the company from $110.00 to $128.00 in a research report on Thursday, August 22nd. UBS Group increased their price target on shares of TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. TD Cowen lifted their price objective on TJX Companies from $125.00 to $130.00 and gave the company a “buy” rating in a report on Friday. Finally, Barclays upped their price objective on TJX Companies from $114.00 to $136.00 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 issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $127.41.

Insider Activity at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total value of $1,763,100.00. Following the sale, the chief executive officer now owns 536,148 shares of the company’s stock, valued at $63,018,835.92. This trade represents a 2.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.13% of the stock is owned by insiders.

TJX Companies Trading Down 0.3 %

TJX opened at $119.67 on Tuesday. The TJX Companies, Inc. has a 1-year low of $87.44 and a 1-year high of $122.10. The firm has a 50-day moving average price of $116.38 and a two-hundred day moving average price of $111.86. The stock has a market capitalization of $134.97 billion, a PE ratio of 28.91, a PEG ratio of 3.04 and a beta of 0.89. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37.

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 (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.04. The company had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 EPS. As a group, equities analysts anticipate that The TJX Companies, Inc. will post 4.14 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is presently 36.23%.

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.