The Manufacturers Life Insurance Company Has $93.83 Million Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

The Manufacturers Life Insurance Company cut its stake in The TJX Companies, Inc. (NYSE:TJX) by 0.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 798,237 shares of the apparel and home fashions retailer’s stock after selling 5,579 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.07% of TJX Companies worth $93,825,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Hartford Funds Management Co LLC increased its stake in shares of TJX Companies by 0.5% in the third quarter. Hartford Funds Management Co LLC now owns 17,926 shares of the apparel and home fashions retailer’s stock worth $2,107,000 after acquiring an additional 86 shares during the last quarter. Stablepoint Partners LLC boosted its holdings in TJX Companies by 0.3% in the third quarter. Stablepoint Partners LLC now owns 26,922 shares of the apparel and home fashions retailer’s stock worth $3,164,000 after purchasing an additional 89 shares in the last quarter. Dearborn Partners LLC boosted its holdings in TJX Companies by 4.0% in the second quarter. Dearborn Partners LLC now owns 2,359 shares of the apparel and home fashions retailer’s stock worth $260,000 after purchasing an additional 90 shares in the last quarter. Concorde Asset Management LLC boosted its holdings in TJX Companies by 2.8% in the second quarter. Concorde Asset Management LLC now owns 3,330 shares of the apparel and home fashions retailer’s stock worth $367,000 after purchasing an additional 90 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC boosted its holdings in TJX Companies by 3.4% in the third quarter. Signature Estate & Investment Advisors LLC now owns 2,706 shares of the apparel and home fashions retailer’s stock worth $318,000 after purchasing an additional 90 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Ernie Herrman sold 15,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total value of $1,763,100.00. Following the completion of the transaction, the chief executive officer now owns 536,148 shares of the company’s stock, valued at $63,018,835.92. The trade was a 2.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TJX. Morgan Stanley upped their price objective on shares of TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Robert W. Baird upped their price objective on shares of TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Barclays upped their price objective on shares of TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Citigroup cut shares of TJX Companies from a “buy” rating to a “neutral” rating and upped their price target for the company from $110.00 to $128.00 in a report on Thursday, August 22nd. Finally, Telsey Advisory Group restated an “outperform” rating and set a $134.00 price target 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 assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $129.47.

TJX Companies Stock Performance

Shares of TJX Companies stock opened at $126.36 on Thursday. The firm has a fifty day moving average of $116.97 and a two-hundred day moving average of $112.98. The stock has a market capitalization of $142.52 billion, a price-to-earnings ratio of 29.73, a PEG ratio of 3.10 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. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

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 the consensus estimate 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 for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 EPS. As a group, equities research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.19%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is 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.