Eagle Ridge Investment Management Cuts Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Eagle Ridge Investment Management lessened its stake in The TJX Companies, Inc. (NYSE:TJX) by 94.2% during the third quarter, Holdings Channel reports. The firm owned 6,559 shares of the apparel and home fashions retailer’s stock after selling 106,208 shares during the period. Eagle Ridge Investment Management’s holdings in TJX Companies were worth $771,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in TJX. Vanguard Group Inc. boosted its holdings in TJX Companies by 1.3% in the first quarter. Vanguard Group Inc. now owns 97,476,558 shares of the apparel and home fashions retailer’s stock valued at $9,886,073,000 after acquiring an additional 1,269,792 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of TJX Companies by 2.7% in the 1st quarter. Janus Henderson Group PLC now owns 13,226,465 shares of the apparel and home fashions retailer’s stock valued at $1,341,392,000 after purchasing an additional 346,938 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of 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 purchasing an additional 3,255,849 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of TJX Companies by 33.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer’s stock worth $1,347,934,000 after purchasing an additional 3,063,318 shares during the period. Finally, Jennison Associates LLC increased its position in TJX Companies by 3.9% during the 1st quarter. Jennison Associates LLC now owns 9,392,061 shares of the apparel and home fashions retailer’s stock worth $952,543,000 after purchasing an additional 351,400 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on TJX shares. Bank of America boosted their price objective on shares of TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. UBS Group raised their price objective on TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Robert W. Baird upped their target price on TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Wells Fargo & Company increased their target price 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. Finally, Barclays upped their price target on TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.76.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the company’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 sale, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.13% of the company’s stock.

TJX Companies Stock Down 0.0 %

Shares of NYSE:TJX opened at $114.19 on Friday. The firm has a market cap of $128.79 billion, a PE ratio of 27.58, a price-to-earnings-growth ratio of 2.91 and a beta of 0.89. The company has a fifty day simple moving average of $116.67 and a 200 day simple moving average of $109.05. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37. The TJX Companies, Inc. has a 12-month low of $86.92 and a 12-month high of $121.13.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.04. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The company had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.31 billion. During the same quarter in the previous year, the firm earned $0.85 EPS. The company’s revenue was up 5.6% on a year-over-year basis. On average, equities research 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 announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio is presently 36.23%.

TJX Companies 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.