Chevy Chase Trust Holdings LLC Trims Holdings in The TJX Companies, Inc. (NYSE:TJX)

Chevy Chase Trust Holdings LLC lowered its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,383,337 shares of the apparel and home fashions retailer’s stock after selling 16,956 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in TJX Companies were worth $162,597,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Richard W. Paul & Associates LLC purchased a new position in shares of TJX Companies in the second quarter valued at about $25,000. Capital Performance Advisors LLP purchased a new position in TJX Companies in the 3rd quarter worth approximately $29,000. Truvestments Capital LLC bought a new position in TJX Companies in the 3rd quarter worth approximately $29,000. Copeland Capital Management LLC purchased a new stake in TJX Companies during the 3rd quarter valued at approximately $30,000. Finally, New Millennium Group LLC bought a new stake in shares of TJX Companies during the second quarter valued at approximately $34,000. 91.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Evercore ISI lifted their price target on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday. UBS Group increased their price target on TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Loop Capital lifted their price objective on TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Finally, Barclays lifted their price objective on TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.47.

Insider Activity at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the business’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 completion of the transaction, 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 the SEC website. 0.13% of the stock is owned by insiders.

TJX Companies Price Performance

TJX Companies stock opened at $125.69 on Monday. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The company has a 50-day moving average price of $117.29 and a 200 day moving average price of $113.46. The TJX Companies, Inc. has a 12-month low of $87.44 and a 12-month high of $128.00. The stock has a market cap of $141.76 billion, a P/E ratio of 29.57, a PEG ratio of 3.09 and a beta of 0.90.

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

TJX Companies Announces Dividend

The business also recently announced 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 of this dividend is Thursday, November 14th. This represents a $1.50 annualized dividend and a yield of 1.19%. TJX Companies’s dividend payout ratio (DPR) is presently 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.