The TJX Companies, Inc. (NYSE:TJX) Stake Reduced by BNP Paribas

BNP Paribas decreased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 75,811 shares of the apparel and home fashions retailer’s stock after selling 552 shares during the period. BNP Paribas’ holdings in TJX Companies were worth $8,911,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of TJX Companies by 24.8% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 80,813 shares of the apparel and home fashions retailer’s stock worth $9,499,000 after acquiring an additional 16,043 shares during the last quarter. Cynosure Group LLC increased its stake in TJX Companies by 5.4% in the 3rd quarter. Cynosure Group LLC now owns 4,589 shares of the apparel and home fashions retailer’s stock worth $539,000 after purchasing an additional 237 shares in the last quarter. Hardy Reed LLC raised its holdings in TJX Companies by 25.7% during the 3rd quarter. Hardy Reed LLC now owns 8,987 shares of the apparel and home fashions retailer’s stock worth $1,056,000 after buying an additional 1,835 shares during the period. Townsquare Capital LLC lifted its stake in TJX Companies by 8.9% during the third quarter. Townsquare Capital LLC now owns 65,964 shares of the apparel and home fashions retailer’s stock valued at $7,753,000 after buying an additional 5,413 shares in the last quarter. Finally, Cadence Bank boosted its holdings in shares of TJX Companies by 29.9% in the third quarter. Cadence Bank now owns 7,115 shares of the apparel and home fashions retailer’s stock worth $836,000 after buying an additional 1,637 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TJX. BMO Capital Markets boosted their price target on shares of TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. 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, November 20th. Barclays raised their target price on TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. UBS Group upped their price target on TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Finally, Bank of America raised their price objective on TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, TJX Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.47.

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were 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 in the company, valued at approximately $63,018,835.92. This trade represents a 2.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Stock Performance

TJX stock opened at $126.18 on Wednesday. The firm has a 50 day moving average of $116.79 and a two-hundred day moving average of $112.88. The TJX Companies, Inc. has a 12 month low of $87.44 and a 12 month high of $126.44. The company has a market capitalization of $142.31 billion, a price-to-earnings ratio of 29.69, a P/E/G ratio of 3.07 and a beta of 0.89. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. During the same period in the prior year, the company posted $1.03 earnings per share. TJX Companies’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, equities analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal 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 1.19%. The ex-dividend date is Thursday, November 14th. TJX Companies’s payout ratio is 35.29%.

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.