Baillie Gifford & Co. Cuts Position in The TJX Companies, Inc. (NYSE:TJX)

Baillie Gifford & Co. cut its holdings in The TJX Companies, Inc. (NYSE:TJX) by 1.8% in the third quarter, Holdings Channel reports. The institutional investor owned 124,319 shares of the apparel and home fashions retailer’s stock after selling 2,230 shares during the quarter. Baillie Gifford & Co.’s holdings in TJX Companies were worth $14,612,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in TJX. Richard W. Paul & Associates LLC acquired a new position in TJX Companies during the second quarter worth $25,000. Capital Performance Advisors LLP acquired a new stake in TJX Companies in the 3rd quarter worth about $29,000. Copeland Capital Management LLC purchased a new stake in TJX Companies during the 3rd quarter worth approximately $30,000. New Millennium Group LLC acquired a new position in shares of TJX Companies during the second quarter valued at approximately $34,000. Finally, Anfield Capital Management LLC purchased a new position in shares of TJX Companies in the second quarter valued at approximately $37,000. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Price Performance

NYSE:TJX opened at $119.85 on Wednesday. The TJX Companies, Inc. has a 52 week low of $87.26 and a 52 week high of $121.13. The stock’s fifty day moving average is $116.09 and its two-hundred day moving average is $110.97. The company has a market capitalization of $135.18 billion, a P/E ratio of 28.95, a P/E/G ratio of 2.99 and a beta of 0.89. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) 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 period in the previous year, the firm earned $0.85 EPS. TJX Companies’s revenue was up 5.6% on a year-over-year basis. Equities analysts expect that The TJX Companies, Inc. will post 4.14 EPS for the current year.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.25%. TJX Companies’s payout ratio is currently 36.23%.

Analysts Set New Price Targets

TJX has been the subject of several recent research reports. Loop Capital increased their price objective on TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. BMO Capital Markets increased their target price on shares of TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Sunday, September 15th. Telsey Advisory Group reiterated an “outperform” rating and issued a $128.00 price objective on shares of TJX Companies in a report on Wednesday, August 21st. Finally, Wells Fargo & Company raised their target price on shares of TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $126.76.

Insider Activity at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the company’s 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 transaction, the chief executive officer now directly owns 536,148 shares in the company, valued at $63,018,835.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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.