The TJX Companies, Inc. (NYSE:TJX) Stake Lessened by Transamerica Financial Advisors Inc.

Transamerica Financial Advisors Inc. trimmed its stake in The TJX Companies, Inc. (NYSE:TJX) by 3.8% in the third quarter, Holdings Channel.com reports. The firm owned 47,789 shares of the apparel and home fashions retailer’s stock after selling 1,896 shares during the quarter. Transamerica Financial Advisors Inc.’s holdings in TJX Companies were worth $5,618,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Richard W. Paul & Associates LLC purchased a new stake in shares of TJX Companies during the second quarter worth $25,000. Capital Performance Advisors LLP acquired a new position in TJX Companies in the 3rd quarter worth about $29,000. Truvestments Capital LLC purchased a new stake in shares of TJX Companies during the 3rd quarter worth about $29,000. Copeland Capital Management LLC acquired a new stake in shares of TJX Companies during the 3rd quarter valued at about $30,000. Finally, New Millennium Group LLC acquired a new stake in shares of TJX Companies during the 2nd quarter valued at about $34,000. Institutional investors and hedge funds 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 TJX Companies stock in a transaction 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 trade represents a 2.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Jefferies Financial Group increased their price objective on TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Telsey Advisory Group restated an “outperform” rating and set a $134.00 price target on shares of TJX Companies in a research note on Wednesday, November 20th. Morgan Stanley raised their target price on TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. UBS Group increased their price objective on TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Finally, StockNews.com downgraded TJX Companies from a “buy” rating to a “hold” rating in a research note on Friday. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $129.47.

TJX Companies Stock Performance

TJX Companies stock traded up $0.08 during trading hours on Tuesday, hitting $124.87. The stock had a trading volume of 466,345 shares, compared to its average volume of 5,247,592. The company has a 50-day moving average of $116.63 and a two-hundred day moving average of $112.69. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a fifty-two week low of $87.44 and a fifty-two week high of $125.67. The company has a market cap of $140.84 billion, a PE ratio of 29.37, a price-to-earnings-growth ratio of 2.99 and a beta of 0.89.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $13.95 billion. During the same period in the prior year, the company posted $1.03 earnings per share. TJX Companies’s revenue was up 6.0% on a year-over-year basis. On average, equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a yield of 1.20%. TJX Companies’s payout ratio is currently 35.29%.

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.