Acropolis Investment Management LLC Has $1.24 Million Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Acropolis Investment Management LLC reduced its holdings in The TJX Companies, Inc. (NYSE:TJX) by 2.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,530 shares of the apparel and home fashions retailer’s stock after selling 256 shares during the period. Acropolis Investment Management LLC’s holdings in TJX Companies were worth $1,238,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of TJX. Richard W. Paul & Associates LLC acquired a new position in TJX Companies in the 2nd quarter valued at approximately $25,000. Capital Performance Advisors LLP purchased a new position in shares of TJX Companies during the 3rd quarter valued at $29,000. Truvestments Capital LLC acquired a new position in shares of TJX Companies in the third quarter worth $29,000. Copeland Capital Management LLC purchased a new stake in shares of TJX Companies during the third quarter worth $30,000. Finally, New Millennium Group LLC acquired a new stake in TJX Companies during the second quarter valued at $34,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the company’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 transaction, the chief executive officer now owns 536,148 shares in the company, valued at $63,018,835.92. This represents a 2.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is currently owned by insiders.

TJX Companies Stock Performance

NYSE:TJX opened at $125.69 on Friday. The firm’s 50-day moving average is $117.29 and its 200-day moving average is $113.26. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The company has a market cap of $141.76 billion, a price-to-earnings ratio of 29.57, a PEG ratio of 3.11 and a beta of 0.89. The TJX Companies, Inc. has a 52-week low of $87.44 and a 52-week high of $128.00.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. The company had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.03 EPS. Equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.19%. TJX Companies’s payout ratio is presently 35.29%.

Wall Street Analysts Forecast Growth

TJX has been the topic of several research reports. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday. Jefferies Financial Group boosted their price target on TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Citigroup lowered TJX Companies from a “buy” rating to a “neutral” rating and increased their price objective for the company from $110.00 to $128.00 in a report on Thursday, August 22nd. Wells Fargo & Company boosted their target price on TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a report on Thursday, August 22nd. Finally, UBS Group increased their price target on TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $129.47.

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.