The TJX Companies, Inc. (NYSE:TJX) Holdings Decreased by Sompo Asset Management Co. Ltd.

Sompo Asset Management Co. Ltd. reduced its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 31.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 15,380 shares of the apparel and home fashions retailer’s stock after selling 6,910 shares during the quarter. Sompo Asset Management Co. Ltd.’s holdings in TJX Companies were worth $1,808,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Swedbank AB grew its position in TJX Companies by 16.6% in the 3rd quarter. Swedbank AB now owns 1,214,914 shares of the apparel and home fashions retailer’s stock worth $142,801,000 after purchasing an additional 172,932 shares during the last quarter. Algert Global LLC boosted its position in shares of TJX Companies by 842.0% during the third quarter. Algert Global LLC now owns 43,409 shares of the apparel and home fashions retailer’s stock worth $5,102,000 after buying an additional 38,801 shares during the period. One Charles Private Wealth Services LLC bought a new position in TJX Companies in the 3rd quarter worth approximately $202,000. Cerity Partners LLC increased its holdings in shares of TJX Companies by 9.0% during the third quarter. Cerity Partners LLC now owns 1,347,670 shares of the apparel and home fashions retailer’s stock valued at $158,405,000 after purchasing an additional 110,975 shares during the period. Finally, Great Valley Advisor Group Inc. raised its stake in shares of TJX Companies by 49.4% during the third quarter. Great Valley Advisor Group Inc. now owns 38,501 shares of the apparel and home fashions retailer’s stock valued at $4,525,000 after purchasing an additional 12,724 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Stock Up 1.4 %

TJX Companies stock opened at $121.47 on Friday. The TJX Companies, Inc. has a twelve month low of $87.44 and a twelve month high of $122.10. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.60 and a current ratio of 1.19. The firm has a market cap of $137.00 billion, a PE ratio of 28.58, a P/E/G ratio of 3.05 and a beta of 0.89. The firm’s 50 day moving average price is $116.52 and its two-hundred day moving average price is $112.41.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. During the same period in the prior year, the business posted $1.03 earnings per share. TJX Companies’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

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 paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

Wall Street Analysts Forecast Growth

TJX has been the subject of a number of recent analyst reports. Bank of America increased their target price on shares of TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Wells Fargo & Company increased their price objective on shares of TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a report on Thursday, August 22nd. Telsey Advisory Group reissued an “outperform” rating and set a $134.00 target price on shares of TJX Companies in a report on Wednesday. Morgan Stanley upped their target price on TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Finally, Robert W. Baird lifted their price target on TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, TJX Companies currently has a consensus rating of “Moderate Buy” and an average target price of $129.47.

Insider Activity

In other news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction on 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 document filed with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is owned by corporate insiders.

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.