S&CO Inc. Sells 925 Shares of The TJX Companies, Inc. (NYSE:TJX)

S&CO Inc. reduced its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 24,875 shares of the apparel and home fashions retailer’s stock after selling 925 shares during the period. S&CO Inc.’s holdings in TJX Companies were worth $2,923,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Richard W. Paul & Associates LLC bought a new stake in shares of TJX Companies during the 2nd quarter worth $25,000. Capital Performance Advisors LLP bought a new stake in shares of TJX Companies during the 3rd quarter worth $29,000. Copeland Capital Management LLC bought a new stake in shares of TJX Companies during the 3rd quarter worth $30,000. New Millennium Group LLC bought a new stake in TJX Companies in the second quarter worth $34,000. Finally, Anfield Capital Management LLC bought a new stake in TJX Companies in the second quarter worth $37,000. 91.09% of the stock is owned by institutional investors.

Insider Transactions at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction that occurred 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 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 2.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.13% of the company’s stock.

TJX Companies Price Performance

Shares of NYSE TJX opened at $119.97 on Friday. The TJX Companies, Inc. has a 1 year low of $87.26 and a 1 year high of $122.10. 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 company’s 50-day moving average is $116.33 and its 200 day moving average is $111.56. The stock has a market capitalization of $135.31 billion, a P/E ratio of 28.98, a P/E/G ratio of 3.04 and a beta of 0.89.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.04. The company had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. TJX Companies’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.85 earnings per share. On average, sell-side analysts expect that The TJX Companies, Inc. will post 4.14 earnings per share for the current 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 paid a $0.375 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.50 annualized dividend and a dividend yield of 1.25%. TJX Companies’s dividend payout ratio is presently 36.23%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on TJX shares. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Sunday, September 15th. Citigroup downgraded 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 note on Thursday, August 22nd. Jefferies Financial Group boosted their price target on shares of TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. TD Cowen boosted their price target on shares of TJX Companies from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Robert W. Baird boosted their price target on shares of TJX Companies from $113.00 to $128.00 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. Based on data from MarketBeat.com, TJX Companies presently has a consensus rating of “Moderate Buy” and a consensus 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.