Windward Capital Management Co. CA lowered its holdings in shares of The TJX Companies, Inc. (NYSE:TJX – Free Report) by 0.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 202,651 shares of the apparel and home fashions retailer’s stock after selling 549 shares during the period. TJX Companies comprises about 1.8% of Windward Capital Management Co. CA’s investment portfolio, making the stock its 18th biggest position. Windward Capital Management Co. CA’s holdings in TJX Companies were worth $23,820,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the business. Richard W. Paul & Associates LLC purchased a new position in shares of TJX Companies in the second quarter worth about $25,000. Capital Performance Advisors LLP purchased a new position in TJX Companies in the 3rd quarter worth approximately $29,000. Copeland Capital Management LLC bought a new stake in TJX Companies in the third quarter valued at approximately $30,000. New Millennium Group LLC purchased a new stake in shares of TJX Companies during the second quarter valued at approximately $34,000. Finally, Anfield Capital Management LLC bought a new position in shares of TJX Companies in the second quarter worth approximately $37,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.
Insider Buying and Selling at TJX Companies
In other news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total value of $1,763,100.00. Following the sale, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.13% of the stock is owned by company insiders.
TJX Companies Stock Performance
TJX Companies (NYSE:TJX – Get Free Report) last posted its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, topping 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 business had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. During the same quarter in the previous year, the firm posted $0.85 earnings per share. TJX Companies’s quarterly revenue was up 5.6% on a year-over-year basis. On average, equities analysts forecast 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. Investors of record on Thursday, November 14th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is presently 36.23%.
Analyst Ratings Changes
Several brokerages have weighed in on TJX. Evercore ISI increased their price target on shares of TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. TD Cowen increased their target price on shares of TJX Companies from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Robert W. Baird boosted their price target on TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Barclays increased their price objective on TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Finally, Citigroup cut TJX Companies from a “buy” rating to a “neutral” rating and boosted their target price for the company from $110.00 to $128.00 in a research note on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.76.
Check Out Our Latest Report on TJX Companies
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.
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