The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Sawgrass Asset Management LLC

Sawgrass Asset Management LLC lowered its position in The TJX Companies, Inc. (NYSE:TJX) by 3.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 98,005 shares of the apparel and home fashions retailer’s stock after selling 3,880 shares during the quarter. Sawgrass Asset Management LLC’s holdings in TJX Companies were worth $11,520,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TJX. Richard W. Paul & Associates LLC purchased a new stake in shares of TJX Companies during the 2nd quarter worth $25,000. Capital Performance Advisors LLP purchased a new stake in TJX Companies during the 3rd quarter worth about $29,000. Copeland Capital Management LLC acquired a new position in shares of TJX Companies during the 3rd quarter worth about $30,000. New Millennium Group LLC purchased a new position in shares of TJX Companies in the 2nd quarter valued at about $34,000. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of TJX Companies during the 3rd quarter worth about $37,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Price Performance

TJX Companies stock opened at $119.97 on Friday. The business has a 50 day simple moving average of $116.33 and a 200-day simple moving average of $111.56. The TJX Companies, Inc. has a 12 month low of $87.26 and a 12 month 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 stock has a market capitalization of $135.31 billion, a PE ratio of 28.98, a price-to-earnings-growth ratio of 3.04 and a beta of 0.89.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, topping the consensus estimate of $0.92 by $0.04. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The company had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.31 billion. During the same quarter last year, the business earned $0.85 EPS. The business’s revenue was up 5.6% on a year-over-year basis. Equities analysts predict that The TJX Companies, Inc. will post 4.14 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. Shareholders of record on Thursday, November 14th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s payout ratio is 36.23%.

Wall Street Analysts Forecast Growth

TJX has been the topic of several recent analyst reports. Citigroup lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and increased their price target for the company from $110.00 to $128.00 in a research note on Thursday, August 22nd. Telsey Advisory Group reiterated an “outperform” rating and set a $134.00 price target on shares of TJX Companies in a research note on Wednesday. Barclays upped their price objective on shares of TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Bank of America lifted their target price on TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Finally, TD Cowen upped their target price on TJX Companies from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Friday. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, TJX Companies currently has a consensus rating of “Moderate Buy” and an average price target of $127.41.

Insider Activity

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. This trade represents a 2.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.13% of the company’s stock.

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.