The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its holdings in shares of The TJX Companies, Inc. (NYSE:TJXFree Report) by 3.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 177,132 shares of the apparel and home fashions retailer’s stock after selling 5,405 shares during the quarter. Mutual of America Capital Management LLC’s holdings in TJX Companies were worth $15,743,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Glass Jacobson Investment Advisors llc bought a new stake in TJX Companies in the second quarter valued at about $25,000. Steward Financial Group LLC acquired a new position in shares of TJX Companies in the 2nd quarter worth approximately $26,000. ICA Group Wealth Management LLC acquired a new position in TJX Companies in the fourth quarter worth $27,000. Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of TJX Companies in the third quarter valued at $29,000. Finally, Cornerstone Planning Group LLC bought a new position in shares of TJX Companies in the second quarter valued at about $33,000. Institutional investors and hedge funds own 89.28% of the company’s stock.

TJX Companies Trading Up 0.5 %

TJX traded up $0.48 during mid-day trading on Thursday, hitting $98.31. The stock had a trading volume of 6,246,107 shares, compared to its average volume of 4,521,663. The stock’s fifty day simple moving average is $93.05 and its 200-day simple moving average is $90.55. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.19 and a quick ratio of 0.47. The firm has a market capitalization of $112.04 billion, a price-to-earnings ratio of 28.08, a price-to-earnings-growth ratio of 2.10 and a beta of 0.86. The TJX Companies, Inc. has a 1-year low of $72.92 and a 1-year high of $99.45.

TJX Companies (NYSE:TJXGet Free Report) last posted its earnings results on Wednesday, November 15th. The apparel and home fashions retailer reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.04. TJX Companies had a net margin of 7.85% and a return on equity of 62.67%. The company had revenue of $13.27 billion for the quarter, compared to analyst estimates of $13.09 billion. During the same period last year, the business posted $0.86 earnings per share. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. As a group, research analysts forecast that The TJX Companies, Inc. will post 3.75 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 7th. Stockholders of record on Thursday, February 15th will be given a dividend of $0.3325 per share. This represents a $1.33 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Wednesday, February 14th. TJX Companies’s dividend payout ratio is 37.68%.

Analysts Set New Price Targets

Several analysts have recently commented on TJX shares. Telsey Advisory Group increased their price target on shares of TJX Companies from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Thursday, November 16th. UBS Group increased their price objective on TJX Companies from $90.00 to $91.00 and gave the company a “neutral” rating in a research report on Thursday, November 16th. Evercore ISI assumed coverage on TJX Companies in a research report on Tuesday, November 7th. They set an “outperform” rating and a $105.00 target price for the company. Morgan Stanley lifted their price objective on TJX Companies from $99.00 to $101.00 and gave the stock an “overweight” rating in a research report on Thursday, November 16th. Finally, Redburn Atlantic downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 target price on the stock. in a research report on Monday. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, TJX Companies currently has an average rating of “Moderate Buy” and an average price target of $99.76.

View Our Latest Stock Analysis on TJX Companies

Insider Transactions at TJX Companies

In other news, CEO Ernie Herrman sold 17,000 shares of the stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $89.06, for a total transaction of $1,514,020.00. Following the completion of the sale, the chief executive officer now owns 576,105 shares of the company’s stock, valued at $51,307,911.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is owned by insiders.

About TJX Companies

(Free Report)

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.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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