The TJX Companies, Inc. (NYSE:TJX) is PineStone Asset Management Inc.’s 10th Largest Position

PineStone Asset Management Inc. reduced its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 38.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 3,378,643 shares of the apparel and home fashions retailer’s stock after selling 2,089,154 shares during the period. TJX Companies makes up 3.8% of PineStone Asset Management Inc.’s investment portfolio, making the stock its 10th largest holding. PineStone Asset Management Inc.’s holdings in TJX Companies were worth $397,126,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of TJX. First Trust Direct Indexing L.P. increased its position in TJX Companies by 12.4% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 47,104 shares of the apparel and home fashions retailer’s stock valued at $5,537,000 after acquiring an additional 5,207 shares during the period. Advisors Capital Management LLC raised its stake in shares of TJX Companies by 3.7% during the first quarter. Advisors Capital Management LLC now owns 572,324 shares of the apparel and home fashions retailer’s stock worth $58,045,000 after purchasing an additional 20,629 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in shares of TJX Companies by 9.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 136,798 shares of the apparel and home fashions retailer’s stock worth $13,874,000 after purchasing an additional 11,447 shares during the period. Price T Rowe Associates Inc. MD grew its position in TJX Companies by 35.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock valued at $1,249,237,000 after buying an additional 3,255,849 shares during the last quarter. Finally, FORA Capital LLC acquired a new position in TJX Companies in the 1st quarter valued at $1,406,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Stock Performance

TJX Companies stock opened at $113.06 on Friday. The TJX Companies, Inc. has a fifty-two week low of $87.22 and a fifty-two week high of $121.13. The company has a market capitalization of $127.52 billion, a price-to-earnings ratio of 27.31, a PEG ratio of 2.85 and a beta of 0.89. The stock has a fifty day moving average of $116.56 and a two-hundred day moving average of $109.70. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. The firm had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.85 EPS. On average, analysts anticipate that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s payout ratio is 36.23%.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the business’s stock in a transaction 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 completion of the transaction, 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.13% of the stock is owned by company insiders.

Analysts Set New Price Targets

TJX has been the topic of several analyst reports. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $128.00 target price on shares of TJX Companies in a report on Wednesday, August 21st. TD Cowen lifted their price objective on TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. BMO Capital Markets increased their target price on TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Evercore ISI lifted their price target on TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. Finally, Morgan Stanley upped their price objective on TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $126.76.

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.