The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board decreased its position in The TJX Companies, Inc. (NYSE:TJX) by 59.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,731 shares of the apparel and home fashions retailer’s stock after selling 6,838 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in TJX Companies were worth $556,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Richard W. Paul & Associates LLC purchased a new position in shares of TJX Companies during the second quarter valued at approximately $25,000. Capital Performance Advisors LLP acquired a new position in TJX Companies in the 3rd quarter valued at $29,000. Copeland Capital Management LLC purchased a new position in shares of TJX Companies during the 3rd quarter worth $30,000. New Millennium Group LLC acquired a new stake in shares of TJX Companies during the second quarter worth $34,000. Finally, Northwest Investment Counselors LLC purchased a new stake in shares of TJX Companies in the third quarter valued at $37,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TJX. Bank of America raised their price target on TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. BMO Capital Markets boosted their target price on shares of TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Jefferies Financial Group increased their price target on shares of TJX Companies from $130.00 to $140.00 and gave the stock a “buy” 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 company a “buy” rating in a research note on Thursday, August 22nd. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $134.00 target price on shares of TJX Companies in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $129.35.

TJX Companies Price Performance

TJX opened at $119.77 on Friday. The TJX Companies, Inc. has a twelve month low of $87.44 and a twelve month high of $122.10. The firm has a market cap of $135.08 billion, a price-to-earnings ratio of 28.18, a PEG ratio of 3.03 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. The company has a fifty day simple moving average of $116.49 and a 200 day simple moving average of $112.14.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.05. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The company had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. During the same period last year, the firm earned $1.03 earnings per share. The company’s revenue was up 6.0% on a year-over-year basis. Equities research analysts expect that The TJX Companies, Inc. will post 4.14 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is currently 35.29%.

Insider Transactions at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of the 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 of the company’s stock, valued at approximately $63,018,835.92. This trade represents a 2.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

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.