Mediolanum International Funds Ltd Sells 45,493 Shares of The TJX Companies, Inc. (NYSE:TJX)

Mediolanum International Funds Ltd trimmed its holdings in The TJX Companies, Inc. (NYSE:TJX) by 19.9% in the third quarter, Holdings Channel reports. The fund owned 183,038 shares of the apparel and home fashions retailer’s stock after selling 45,493 shares during the period. Mediolanum International Funds Ltd’s holdings in TJX Companies were worth $21,471,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TJX. Richard W. Paul & Associates LLC bought a new stake in TJX Companies in the second quarter valued at approximately $25,000. Valued Wealth Advisors LLC raised its stake in TJX Companies by 260.3% in the first quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock valued at $25,000 after buying an additional 177 shares during the period. Copeland Capital Management LLC bought a new stake in TJX Companies in the third quarter valued at approximately $30,000. New Millennium Group LLC bought a new stake in TJX Companies in the second quarter valued at approximately $34,000. Finally, Northwest Investment Counselors LLC bought a new position in shares of TJX Companies during the third quarter worth approximately $37,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of TJX Companies 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 sale, the chief executive officer now directly owns 536,148 shares in the company, valued at $63,018,835.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

TJX has been the topic of a number of analyst reports. Bank of America increased their price target on TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. TD Cowen raised their price objective on shares of TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Loop Capital raised their price objective on shares of TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Barclays raised their price objective on shares of TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Finally, Jefferies Financial Group raised their price objective on shares of TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Three investment 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $126.76.

TJX Companies Stock Up 0.3 %

TJX traded up $0.31 during mid-day trading on Friday, reaching $114.51. 470,056 shares of the stock were exchanged, compared to its average volume of 5,243,447. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21. The stock has a market capitalization of $129.15 billion, a PE ratio of 27.58, a price-to-earnings-growth ratio of 2.91 and a beta of 0.89. The company has a 50 day moving average price of $116.67 and a two-hundred day moving average price of $109.05. The TJX Companies, Inc. has a 1 year low of $86.92 and a 1 year high of $121.13.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. The company had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.85 EPS. As a group, research analysts anticipate that The TJX Companies, Inc. will post 4.15 EPS for the current year.

TJX Companies Announces Dividend

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 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s payout ratio is 36.23%.

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.