The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board cut its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 59.1% in the 3rd quarter, Holdings Channel reports. The firm owned 4,731 shares of the apparel and home fashions retailer’s stock after selling 6,838 shares during the period. Ontario Teachers Pension Plan Board’s holdings in TJX Companies were worth $556,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Richard W. Paul & Associates LLC acquired a new stake in shares of TJX Companies during the 2nd quarter valued at $25,000. Capital Performance Advisors LLP purchased a new stake in shares of TJX Companies during the third quarter valued at $29,000. Copeland Capital Management LLC acquired a new position in shares of TJX Companies in the 3rd quarter valued at $30,000. New Millennium Group LLC purchased a new position in TJX Companies in the 2nd quarter worth about $34,000. Finally, Anfield Capital Management LLC acquired a new stake in TJX Companies during the 2nd quarter worth about $37,000. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Trading Up 0.0 %

NYSE:TJX opened at $119.77 on Friday. The company’s 50 day moving average is $116.49 and its 200-day moving average is $112.14. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37. The TJX Companies, Inc. has a 12 month low of $87.44 and a 12 month high of $122.10. The firm has a market cap of $135.08 billion, a price-to-earnings ratio of 28.18, a P/E/G ratio of 3.03 and a beta of 0.89.

TJX Companies (NYSE:TJX) last released its 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. The firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The business’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.03 EPS. Equities analysts anticipate that The TJX Companies, Inc. will post 4.14 EPS for the current year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 annualized dividend and a yield of 1.25%. TJX Companies’s dividend payout ratio (DPR) is 35.29%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TJX. Telsey Advisory Group restated an “outperform” rating and set a $134.00 price target on shares of TJX Companies in a report on Wednesday. Bank of America increased their target price on TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Morgan Stanley upped their price target on TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. TD Cowen raised their price objective on TJX Companies from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Loop Capital upped their target price on TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.35.

Insiders Place Their Bets

In related news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 536,148 shares in the company, valued at $63,018,835.92. This trade represents a 2.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.13% of the company’s stock.

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.