MAI Capital Management Has $12.37 Million Position in The TJX Companies, Inc. (NYSE:TJX)

MAI Capital Management trimmed its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 4.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 105,245 shares of the apparel and home fashions retailer’s stock after selling 4,634 shares during the quarter. MAI Capital Management’s holdings in TJX Companies were worth $12,371,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Richard W. Paul & Associates LLC acquired a new position in TJX Companies in the 2nd quarter valued at about $25,000. Capital Performance Advisors LLP acquired a new stake in TJX Companies during the third quarter worth approximately $29,000. Copeland Capital Management LLC bought a new position in TJX Companies during the 3rd quarter worth $30,000. New Millennium Group LLC acquired a new position in TJX Companies in the 2nd quarter valued at $34,000. Finally, Anfield Capital Management LLC bought a new stake in shares of TJX Companies during the 2nd quarter valued at $37,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Trading Down 0.3 %

Shares of NYSE TJX opened at $119.67 on Tuesday. The stock has a market cap of $134.97 billion, a P/E ratio of 28.91, a price-to-earnings-growth ratio of 3.04 and a beta of 0.89. The firm has a 50 day moving average price of $116.38 and a two-hundred day moving average price of $111.86. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21. The TJX Companies, Inc. has a 52-week low of $87.44 and a 52-week high of $122.10.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. The business had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. TJX Companies’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.85 earnings per share. As a group, equities analysts forecast that The TJX Companies, Inc. will post 4.14 EPS for the current year.

TJX Companies Announces Dividend

The business 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 $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s dividend payout ratio is currently 36.23%.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of TJX Companies 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 completion of the transaction, the chief executive officer now owns 536,148 shares of the company’s stock, valued at $63,018,835.92. This trade represents a 2.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Barclays boosted their price target on TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Citigroup downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and upped their price target for the stock from $110.00 to $128.00 in a report on Thursday, August 22nd. Telsey Advisory Group reissued an “outperform” rating and issued a $134.00 price objective on shares of TJX Companies in a research note on Wednesday, November 13th. Bank of America raised 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. Finally, Robert W. Baird boosted their price target on TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.41.

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.