The TJX Companies, Inc. (NYSE:TJX) Holdings Reduced by Nicollet Investment Management Inc.

Nicollet Investment Management Inc. trimmed its holdings in The TJX Companies, Inc. (NYSE:TJX) by 0.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 36,643 shares of the apparel and home fashions retailer’s stock after selling 322 shares during the quarter. TJX Companies comprises about 1.5% of Nicollet Investment Management Inc.’s portfolio, making the stock its 26th biggest holding. Nicollet Investment Management Inc.’s holdings in TJX Companies were worth $4,307,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Coastline Trust Co lifted its holdings in TJX Companies by 3.2% in the third quarter. Coastline Trust Co now owns 39,980 shares of the apparel and home fashions retailer’s stock worth $4,699,000 after purchasing an additional 1,240 shares during the period. Valley Wealth Managers Inc. raised its position in shares of TJX Companies by 10.1% during the 3rd quarter. Valley Wealth Managers Inc. now owns 4,343 shares of the apparel and home fashions retailer’s stock worth $510,000 after buying an additional 398 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of TJX Companies by 23.0% in the third quarter. Empowered Funds LLC now owns 30,495 shares of the apparel and home fashions retailer’s stock valued at $3,584,000 after acquiring an additional 5,707 shares in the last quarter. Empirical Finance LLC increased its stake in shares of TJX Companies by 2.1% during the third quarter. Empirical Finance LLC now owns 39,880 shares of the apparel and home fashions retailer’s stock valued at $4,687,000 after acquiring an additional 822 shares during the period. Finally, Signature Estate & Investment Advisors LLC raised its holdings in TJX Companies by 3.4% during the third quarter. Signature Estate & Investment Advisors LLC now owns 2,706 shares of the apparel and home fashions retailer’s stock worth $318,000 after purchasing an additional 90 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Up 0.1 %

Shares of TJX stock opened at $119.98 on Friday. The stock has a market cap of $135.32 billion, a P/E ratio of 28.98, a price-to-earnings-growth ratio of 3.03 and a beta of 0.89. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60. The stock has a fifty day moving average price of $116.33 and a 200 day moving average price of $111.44. The TJX Companies, Inc. has a one year low of $87.26 and a one year high of $122.10.

TJX Companies (NYSE:TJX) last released 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. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The company had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.31 billion. During the same period in the previous year, the business earned $0.85 earnings per share. The company’s quarterly revenue was up 5.6% on a year-over-year basis. Analysts predict that The TJX Companies, Inc. will post 4.14 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.375 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.50 annualized dividend and a yield of 1.25%. TJX Companies’s dividend payout ratio is currently 36.23%.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of the business’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 value of $1,763,100.00. Following the transaction, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at $63,018,835.92. The trade was a 2.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TJX. Jefferies Financial Group increased their price target on TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Citigroup cut shares of TJX Companies from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $110.00 to $128.00 in a research report on Thursday, August 22nd. TD Cowen raised their price objective on shares of TJX Companies from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Friday. Telsey Advisory Group reissued an “outperform” rating and set a $134.00 target price on shares of TJX Companies in a research note on Wednesday. Finally, BMO Capital Markets raised their price objective on TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $127.41.

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.