The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lowered its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 89.8% in the third quarter, HoldingsChannel.com reports. The fund owned 635 shares of the apparel and home fashions retailer’s stock after selling 5,562 shares during the quarter. Loomis Sayles & Co. L P’s holdings in TJX Companies were worth $75,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TJX. PineStone Asset Management Inc. lifted its position in TJX Companies by 134.2% during the 2nd quarter. PineStone Asset Management Inc. now owns 5,467,797 shares of the apparel and home fashions retailer’s stock worth $602,004,000 after acquiring an additional 3,132,960 shares during the period. Ameriprise Financial Inc. lifted its position in TJX Companies by 33.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer’s stock worth $1,347,934,000 after acquiring an additional 3,063,318 shares during the period. Capital Wealth Planning LLC acquired a new position in shares of TJX Companies in the 2nd quarter valued at about $315,698,000. Los Angeles Capital Management LLC lifted its holdings in shares of TJX Companies by 80.6% in the 2nd quarter. Los Angeles Capital Management LLC now owns 2,943,176 shares of the apparel and home fashions retailer’s stock valued at $324,044,000 after buying an additional 1,313,517 shares during the period. Finally, International Assets Investment Management LLC lifted its holdings in shares of TJX Companies by 13,309.4% in the 3rd quarter. International Assets Investment Management LLC now owns 1,191,155 shares of the apparel and home fashions retailer’s stock valued at $140,008,000 after buying an additional 1,182,272 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TJX shares. Wells Fargo & Company boosted their price objective on TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a report on Thursday, August 22nd. Robert W. Baird boosted their price objective on TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Bank of America boosted their price objective on TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. UBS Group boosted their price objective on TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Finally, Morgan Stanley boosted their price objective on TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Four equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $129.47.

Insider Transactions at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of the business’s 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 transaction, the chief executive officer now directly owns 536,148 shares in the company, valued at $63,018,835.92. The trade was a 2.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.13% of the company’s stock.

TJX Companies Price Performance

NYSE:TJX opened at $126.36 on Friday. The TJX Companies, Inc. has a 12 month low of $87.44 and a 12 month high of $128.00. The stock has a 50 day moving average of $117.14 and a two-hundred day moving average of $113.07. 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 firm has a market cap of $142.52 billion, a P/E ratio of 29.73, a price-to-earnings-growth ratio of 3.10 and a beta of 0.89.

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

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.19%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio is currently 35.29%.

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.