Davis R M Inc. Has $81.55 Million Holdings in The TJX Companies, Inc. (NYSE:TJX)

Davis R M Inc. cut its holdings in The TJX Companies, Inc. (NYSE:TJX) by 2.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 693,760 shares of the apparel and home fashions retailer’s stock after selling 17,753 shares during the quarter. TJX Companies makes up 1.6% of Davis R M Inc.’s holdings, making the stock its 17th biggest holding. Davis R M Inc. owned approximately 0.06% of TJX Companies worth $81,545,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Ameriprise Financial Inc. boosted its stake in shares of TJX Companies by 33.4% during the second quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer’s stock valued at $1,347,934,000 after purchasing an additional 3,063,318 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of TJX Companies by 11.8% during the second quarter. Dimensional Fund Advisors LP now owns 6,265,171 shares of the apparel and home fashions retailer’s stock valued at $689,812,000 after purchasing an additional 662,681 shares in the last quarter. 1832 Asset Management L.P. lifted its stake in shares of TJX Companies by 14.2% in the second quarter. 1832 Asset Management L.P. now owns 6,116,142 shares of the apparel and home fashions retailer’s stock worth $673,387,000 after acquiring an additional 759,427 shares during the period. Clearbridge Investments LLC lifted its stake in shares of TJX Companies by 5.8% in the second quarter. Clearbridge Investments LLC now owns 6,012,310 shares of the apparel and home fashions retailer’s stock worth $661,955,000 after acquiring an additional 330,277 shares during the period. Finally, PineStone Asset Management Inc. lifted its stake in shares of TJX Companies by 134.2% in the second quarter. PineStone Asset Management Inc. now owns 5,467,797 shares of the apparel and home fashions retailer’s stock worth $602,004,000 after acquiring an additional 3,132,960 shares during the period. 91.09% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TJX has been the topic of a number of recent analyst reports. UBS Group lifted their price objective on TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Robert W. Baird lifted their price objective on TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Evercore ISI lifted their target price on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a report on Thursday. TD Cowen lifted their target price on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a report on Friday. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $134.00 target price on shares of TJX Companies in a report on Wednesday, November 20th. Four equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $129.47.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of TJX Companies 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 sale, the chief executive officer now directly owns 536,148 shares in the company, valued at $63,018,835.92. The trade was a 2.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

TJX Companies Stock Performance

Shares of NYSE TJX opened at $121.47 on Monday. The stock has a market cap of $137.00 billion, a price-to-earnings ratio of 28.58, a P/E/G ratio of 2.99 and a beta of 0.89. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a 1-year low of $87.44 and a 1-year high of $122.10. The stock’s 50-day moving average is $116.52 and its 200 day moving average is $112.51.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. During the same period last year, the company earned $1.03 EPS. TJX Companies’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.50 annualized dividend and a dividend yield of 1.23%. TJX Companies’s dividend payout ratio is presently 35.29%.

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.