Advisors Asset Management Inc. Has $13.93 Million Position in The TJX Companies, Inc. (NYSE:TJX)

Advisors Asset Management Inc. lessened its holdings in The TJX Companies, Inc. (NYSE:TJX) by 7.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 118,549 shares of the apparel and home fashions retailer’s stock after selling 8,928 shares during the quarter. Advisors Asset Management Inc.’s holdings in TJX Companies were worth $13,934,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of TJX. Bessemer Group Inc. increased its stake in TJX Companies by 61.5% in the 1st quarter. Bessemer Group Inc. now owns 90,369 shares of the apparel and home fashions retailer’s stock valued at $9,167,000 after buying an additional 34,426 shares during the period. Shell Asset Management Co. raised its holdings in shares of TJX Companies by 11.6% during the first quarter. Shell Asset Management Co. now owns 28,206 shares of the apparel and home fashions retailer’s stock worth $2,861,000 after acquiring an additional 2,940 shares in the last quarter. Vident Advisory LLC grew its stake in TJX Companies by 14.1% in the first quarter. Vident Advisory LLC now owns 123,879 shares of the apparel and home fashions retailer’s stock valued at $12,564,000 after purchasing an additional 15,277 shares in the last quarter. Delap Wealth Advisory LLC purchased a new stake in shares of TJX Companies during the 1st quarter worth about $257,000. Finally, CreativeOne Wealth LLC lifted its holdings in shares of TJX Companies by 139.2% during the 1st quarter. CreativeOne Wealth LLC now owns 16,538 shares of the apparel and home fashions retailer’s stock valued at $1,678,000 after buying an additional 9,624 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Buying and Selling

In other news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction that occurred on 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 directly owns 536,148 shares in the company, valued at approximately $63,018,835.92. This represents a 2.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

TJX has been the topic of a number of research reports. Robert W. Baird increased their price objective on TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Jefferies Financial Group raised their price target on shares of TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Bank of America increased their target price on shares of TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a research 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, Loop Capital boosted their target price on TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, TJX Companies has an average rating of “Moderate Buy” and an average price target of $127.41.

TJX Companies Price Performance

Shares of TJX stock opened at $119.57 on Wednesday. The TJX Companies, Inc. has a 12 month low of $87.44 and a 12 month high of $122.10. The company has a market capitalization of $134.86 billion, a P/E ratio of 28.88, a P/E/G ratio of 3.03 and a beta of 0.89. The stock has a 50 day moving average of $116.42 and a two-hundred day moving average of $112.04. 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 posted its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The firm had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.31 billion. During the same quarter in the previous year, the company earned $0.85 earnings per share. The business’s revenue was up 5.6% compared to the same quarter last year. As a group, equities analysts expect that The TJX Companies, Inc. will post 4.14 EPS for the current year.

TJX Companies Dividend Announcement

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 1.25%. TJX Companies’s payout ratio is currently 36.23%.

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.