Primecap Management Co. CA Sells 144,200 Shares of The TJX Companies, Inc. (NYSE:TJX)

Primecap Management Co. CA trimmed its stake in The TJX Companies, Inc. (NYSE:TJX) by 1.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,306,667 shares of the apparel and home fashions retailer’s stock after selling 144,200 shares during the quarter. TJX Companies accounts for 1.1% of Primecap Management Co. CA’s portfolio, making the stock its 26th biggest holding. Primecap Management Co. CA owned about 1.09% of TJX Companies worth $1,446,526,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently modified their holdings of TJX. Intech Investment Management LLC increased its position in TJX Companies by 16.6% during the third quarter. Intech Investment Management LLC now owns 45,386 shares of the apparel and home fashions retailer’s stock valued at $5,335,000 after acquiring an additional 6,477 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of TJX Companies by 2.6% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,279,090 shares of the apparel and home fashions retailer’s stock worth $267,884,000 after acquiring an additional 56,677 shares during the period. King Luther Capital Management Corp boosted its stake in shares of TJX Companies by 12.3% in the third quarter. King Luther Capital Management Corp now owns 46,903 shares of the apparel and home fashions retailer’s stock worth $5,513,000 after acquiring an additional 5,132 shares during the period. Cornerstone Advisors LLC grew its holdings in TJX Companies by 5.2% during the 3rd quarter. Cornerstone Advisors LLC now owns 56,300 shares of the apparel and home fashions retailer’s stock valued at $6,618,000 after buying an additional 2,800 shares in the last quarter. Finally, Citizens Financial Group Inc. RI grew its holdings in TJX Companies by 4.1% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 118,818 shares of the apparel and home fashions retailer’s stock valued at $13,966,000 after buying an additional 4,712 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the completion of the transaction, the chief executive officer now owns 536,148 shares of the company’s stock, valued at $63,018,835.92. This represents a 2.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Wells Fargo & Company lifted their target price on TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a report on Thursday, August 22nd. UBS Group lifted their price target on TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Morgan Stanley lifted their price target on TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Jefferies Financial Group lifted their price target on TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Finally, Bank of America boosted their target price on TJX Companies from $115.00 to $135.00 and gave the stock a “buy” 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. Based on data from MarketBeat, TJX Companies has a consensus rating of “Moderate Buy” and an average price target of $127.41.

TJX Companies Stock Performance

Shares of TJX stock opened at $119.74 on Thursday. The stock has a market cap of $135.05 billion, a PE ratio of 28.92, a price-to-earnings-growth ratio of 3.03 and a beta of 0.89. The business has a 50-day simple moving average of $116.46 and a 200-day simple moving average of $112.09. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37. The TJX Companies, Inc. has a 52-week low of $87.44 and a 52-week high of $122.10.

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, beating the consensus estimate of $1.09 by $0.05. The business had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.03 EPS. On average, equities analysts expect that The TJX Companies, Inc. will post 4.14 EPS for the current year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be issued a $0.375 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a yield of 1.25%. TJX Companies’s payout ratio is 36.23%.

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.