Oppenheimer Asset Management Inc. Lowers Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Oppenheimer Asset Management Inc. trimmed its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 12.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 273,018 shares of the apparel and home fashions retailer’s stock after selling 37,503 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in TJX Companies were worth $32,091,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of TJX. Rossmore Private Capital raised its position in shares of TJX Companies by 1.1% in the 3rd quarter. Rossmore Private Capital now owns 17,021 shares of the apparel and home fashions retailer’s stock worth $2,001,000 after acquiring an additional 180 shares in the last quarter. MQS Management LLC bought a new position in TJX Companies in the third quarter worth about $510,000. Chase Investment Counsel Corp lifted its position in shares of TJX Companies by 2.4% during the third quarter. Chase Investment Counsel Corp now owns 35,801 shares of the apparel and home fashions retailer’s stock valued at $4,208,000 after buying an additional 833 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of TJX Companies by 26.9% in the 3rd quarter. Victory Capital Management Inc. now owns 892,459 shares of the apparel and home fashions retailer’s stock valued at $104,900,000 after buying an additional 189,455 shares in the last quarter. Finally, Aptus Capital Advisors LLC grew its position in shares of TJX Companies by 20.6% in the 3rd quarter. Aptus Capital Advisors LLC now owns 127,519 shares of the apparel and home fashions retailer’s stock worth $14,989,000 after buying an additional 21,761 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

TJX stock traded up $1.08 during midday trading on Wednesday, hitting $120.93. 474,717 shares of the stock traded hands, compared to its average volume of 5,208,559. The TJX Companies, Inc. has a 1-year low of $87.26 and a 1-year high of $121.15. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60. The stock’s fifty day simple moving average is $116.13 and its 200-day simple moving average is $111.14. The firm has a market cap of $136.39 billion, a P/E ratio of 28.95, a PEG ratio of 2.99 and a beta of 0.89.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The firm had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.31 billion. During the same period last year, the firm earned $0.85 EPS. The company’s quarterly revenue was up 5.6% on a year-over-year basis. On average, analysts expect that The TJX Companies, Inc. will post 4.14 earnings per share for the current year.

TJX Companies Dividend Announcement

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 given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio is presently 36.23%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TJX. Robert W. Baird raised their target price on shares of TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Morgan Stanley boosted their target price on TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Wells Fargo & Company increased their price target on TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a research note on Thursday, August 22nd. Bank of America raised their price target on TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Finally, BMO Capital Markets increased their price objective on shares of TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $126.76.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the business’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 transaction of $1,763,100.00. Following the completion of the sale, the chief executive officer now directly owns 536,148 shares in the company, valued at approximately $63,018,835.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.13% of the company’s stock.

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.