AlphaCentric Advisors LLC Decreases Holdings in The TJX Companies, Inc. (NYSE:TJX)

AlphaCentric Advisors LLC trimmed its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 6.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,614 shares of the apparel and home fashions retailer’s stock after selling 108 shares during the period. AlphaCentric Advisors LLC’s holdings in TJX Companies were worth $190,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Richard W. Paul & Associates LLC purchased a new stake in shares of TJX Companies in the 2nd quarter valued at about $25,000. Copeland Capital Management LLC purchased a new stake in shares of TJX Companies in the 3rd quarter valued at about $30,000. New Millennium Group LLC purchased a new stake in shares of TJX Companies in the 2nd quarter valued at about $34,000. Northwest Investment Counselors LLC purchased a new stake in shares of TJX Companies in the 3rd quarter valued at about $37,000. Finally, Anfield Capital Management LLC purchased a new stake in shares of TJX Companies in the 2nd quarter valued at about $37,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Evercore ISI boosted their target price on TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a report on Monday, August 19th. Wells Fargo & Company upped their price objective on TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a research note on Thursday, August 22nd. Bank of America upped their price objective on TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. UBS Group upped their price objective on TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Finally, Jefferies Financial Group upped their price objective on TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $126.76.

TJX Companies Stock Performance

TJX opened at $112.69 on Tuesday. The stock has a market cap of $127.10 billion, a P/E ratio of 27.22, a P/E/G ratio of 2.84 and a beta of 0.89. 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’s 50 day simple moving average is $116.27 and its 200 day simple moving average is $110.21. The TJX Companies, Inc. has a 1-year low of $87.26 and a 1-year high of $121.13.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. The business had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.85 EPS. As a group, equities analysts anticipate that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is presently 36.23%.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction 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 sale, the chief executive officer now owns 536,148 shares in the company, valued at approximately $63,018,835.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is owned by insiders.

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.