Ascent Group LLC Sells 12,957 Shares of The TJX Companies, Inc. (NYSE:TJX)

Ascent Group LLC lessened its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 26.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 36,035 shares of the apparel and home fashions retailer’s stock after selling 12,957 shares during the period. Ascent Group LLC’s holdings in TJX Companies were worth $4,236,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Beck Capital Management LLC increased its holdings in shares of TJX Companies by 38.8% in the third quarter. Beck Capital Management LLC now owns 24,184 shares of the apparel and home fashions retailer’s stock worth $2,843,000 after purchasing an additional 6,763 shares during the period. Benjamin Edwards Inc. grew its position in TJX Companies by 333.6% during the third quarter. Benjamin Edwards Inc. now owns 112,590 shares of the apparel and home fashions retailer’s stock worth $13,240,000 after buying an additional 86,626 shares in the last quarter. Kestra Investment Management LLC bought a new position in TJX Companies in the 3rd quarter worth about $323,000. Point72 Hong Kong Ltd purchased a new stake in shares of TJX Companies in the 3rd quarter valued at about $7,742,000. Finally, FSA Wealth Management LLC purchased a new stake in shares of TJX Companies in the 3rd quarter valued at about $45,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

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 value of $1,763,100.00. Following the sale, the chief executive officer now owns 536,148 shares in the company, valued at $63,018,835.92. The trade was a 2.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.13% of the stock is owned by company insiders.

TJX Companies Stock Performance

Shares of TJX stock opened at $125.69 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The TJX Companies, Inc. has a fifty-two week low of $87.44 and a fifty-two week high of $128.00. The company has a market capitalization of $141.76 billion, a P/E ratio of 29.57, a PEG ratio of 3.09 and a beta of 0.90. The stock has a 50 day moving average price of $117.29 and a two-hundred day moving average price of $113.46.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. The company had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.03 EPS. Analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 annualized dividend and a dividend yield of 1.19%. TJX Companies’s payout ratio is presently 35.29%.

Analyst Ratings Changes

Several research analysts recently weighed in on TJX shares. UBS Group upped their price objective on shares of TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Wells Fargo & Company increased their price target on shares of TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a report on Thursday, August 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $134.00 price objective on shares of TJX Companies in a report on Wednesday, November 20th. Bank of America increased their target price on TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Finally, Citigroup lowered TJX Companies from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $110.00 to $128.00 in a research note on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, TJX Companies presently has a consensus rating of “Moderate Buy” and an average price target of $129.47.

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.