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

Blueshift Asset Management LLC cut its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 83.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,934 shares of the apparel and home fashions retailer’s stock after selling 19,747 shares during the period. Blueshift Asset Management LLC’s holdings in TJX Companies were worth $462,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of TJX. Richard W. Paul & Associates LLC acquired a new stake in TJX Companies during the 2nd quarter worth about $25,000. Capital Performance Advisors LLP purchased a new position in shares of TJX Companies in the third quarter worth approximately $29,000. Truvestments Capital LLC acquired a new stake in shares of TJX Companies during the third quarter valued at approximately $29,000. Copeland Capital Management LLC purchased a new stake in shares of TJX Companies in the 3rd quarter valued at approximately $30,000. Finally, New Millennium Group LLC acquired a new position in TJX Companies in the 2nd quarter worth approximately $34,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Up 0.1 %

TJX stock opened at $126.36 on Thursday. The firm has a market cap of $142.52 billion, a PE ratio of 29.73, a PEG ratio of 3.10 and a beta of 0.89. The TJX Companies, Inc. has a 1 year low of $87.44 and a 1 year high of $128.00. The company has a fifty day simple moving average of $116.97 and a 200 day simple moving average of $112.98. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

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

TJX Companies Announces Dividend

The business also recently declared 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. The ex-dividend date 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%.

Insider Activity

In related news, CEO Ernie Herrman sold 15,000 shares of the firm’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 transaction, the chief executive officer now directly owns 536,148 shares in the company, valued at approximately $63,018,835.92. This trade represents a 2.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

TJX has been the topic of several recent analyst reports. Loop Capital boosted their target price on shares of TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a research note 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. StockNews.com downgraded TJX Companies from a “buy” rating to a “hold” rating in a research note on Friday, November 22nd. Bank of America lifted 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, Telsey Advisory Group reissued an “outperform” rating and issued a $134.00 price target on shares of TJX Companies in a research report on Wednesday, November 20th. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $129.47.

TJX Companies 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.