Portfolio Design Labs LLC Has $1.64 Million Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Portfolio Design Labs LLC decreased its position in The TJX Companies, Inc. (NYSE:TJX) by 52.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,935 shares of the apparel and home fashions retailer’s stock after selling 15,673 shares during the period. Portfolio Design Labs LLC’s holdings in TJX Companies were worth $1,638,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of TJX. First Trust Direct Indexing L.P. lifted its position in TJX Companies by 12.4% in the third quarter. First Trust Direct Indexing L.P. now owns 47,104 shares of the apparel and home fashions retailer’s stock worth $5,537,000 after purchasing an additional 5,207 shares during the period. Price T Rowe Associates Inc. MD raised 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 buying an additional 3,255,849 shares in the last quarter. Swedbank AB raised its stake in shares of TJX Companies by 45.9% in the 2nd quarter. Swedbank AB now owns 1,041,982 shares of the apparel and home fashions retailer’s stock valued at $114,722,000 after buying an additional 327,684 shares in the last quarter. EP Wealth Advisors LLC lifted its holdings in shares of TJX Companies by 229.8% during the 2nd quarter. EP Wealth Advisors LLC now owns 221,497 shares of the apparel and home fashions retailer’s stock worth $24,387,000 after acquiring an additional 154,342 shares during the period. Finally, Lombard Odier Asset Management Europe Ltd acquired a new stake in shares of TJX Companies during the 2nd quarter valued at about $2,310,000. Institutional investors own 91.09% of the company’s stock.

Insider Activity

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. The trade was a 2.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.13% of the stock is currently owned by insiders.

TJX Companies Trading Down 0.1 %

TJX opened at $119.57 on Wednesday. The TJX Companies, Inc. has a 1-year low of $87.44 and a 1-year high of $122.10. The stock has a market capitalization of $134.86 billion, a PE ratio of 28.88, a PEG ratio of 3.03 and a beta of 0.89. 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 firm has a 50-day moving average price of $116.42 and a two-hundred day moving average price of $112.04.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. During the same quarter last 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. As a group, equities analysts anticipate that The TJX Companies, Inc. will post 4.14 earnings per share 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. Stockholders of record on Thursday, November 14th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.25%. TJX Companies’s payout ratio is currently 36.23%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Jefferies Financial Group increased their price target on shares of TJX Companies from $130.00 to $140.00 and gave the stock a “buy” 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 stock an “equal weight” rating in a report on Thursday, August 22nd. Citigroup lowered TJX Companies from a “buy” rating to a “neutral” rating and boosted their price target for the company from $110.00 to $128.00 in a research note on Thursday, August 22nd. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research report on Sunday, September 15th. Finally, Morgan Stanley lifted their price objective on TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, TJX Companies currently has a consensus rating of “Moderate Buy” and an average price target of $127.41.

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.