E Fund Management Hong Kong Co. Ltd. Sells 241 Shares of The TJX Companies, Inc. (NYSE:TJX)

E Fund Management Hong Kong Co. Ltd. lessened its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 26.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 668 shares of the apparel and home fashions retailer’s stock after selling 241 shares during the quarter. E Fund Management Hong Kong Co. Ltd.’s holdings in TJX Companies were worth $79,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TJX. Allspring Global Investments Holdings LLC grew its stake in shares of TJX Companies by 17.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 424,656 shares of the apparel and home fashions retailer’s stock worth $43,069,000 after buying an additional 61,677 shares during the last quarter. Norden Group LLC bought a new stake in shares of TJX Companies during the first quarter worth $3,760,000. ZRC Wealth Management LLC grew its stake in shares of TJX Companies by 182.3% during the first quarter. ZRC Wealth Management LLC now owns 847 shares of the apparel and home fashions retailer’s stock worth $86,000 after buying an additional 547 shares during the last quarter. Teamwork Financial Advisors LLC bought a new stake in shares of TJX Companies during the first quarter worth $298,000. Finally, Ashton Thomas Private Wealth LLC grew its stake in shares of TJX Companies by 17.5% during the first quarter. Ashton Thomas Private Wealth LLC now owns 6,450 shares of the apparel and home fashions retailer’s stock worth $654,000 after buying an additional 962 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of NYSE TJX opened at $112.98 on Thursday. The firm’s 50-day moving average price is $116.68 and its 200-day moving average price is $109.68. The TJX Companies, Inc. has a 1-year low of $87.22 and a 1-year high of $121.13. The firm has a market capitalization of $127.43 billion, a P/E ratio of 27.29, a P/E/G ratio of 2.88 and a beta of 0.89. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37.

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

TJX Companies Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 annualized dividend and a dividend yield of 1.33%. TJX Companies’s dividend payout ratio is currently 36.23%.

Insider Activity

In other news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were 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 owns 536,148 shares in the company, valued at approximately $63,018,835.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on TJX shares. BMO Capital Markets boosted their price objective on shares of TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. UBS Group boosted their price objective on shares of TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Barclays boosted their price objective on shares of TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Evercore ISI boosted their price objective on shares of TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. Finally, Bank of America boosted their price objective on shares of TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, TJX Companies has an average rating of “Moderate Buy” and a consensus target price of $126.76.

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.