Palisade Asset Management LLC Sells 1,519 Shares of The TJX Companies, Inc. (NYSE:TJX)

Palisade Asset Management LLC reduced its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 107,018 shares of the apparel and home fashions retailer’s stock after selling 1,519 shares during the quarter. TJX Companies makes up about 1.2% of Palisade Asset Management LLC’s portfolio, making the stock its 28th largest position. Palisade Asset Management LLC’s holdings in TJX Companies were worth $12,579,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Richard W. Paul & Associates LLC acquired a new stake in TJX Companies during the 2nd quarter worth $25,000. Capital Performance Advisors LLP acquired a new position in shares of TJX Companies in the 3rd quarter valued at $29,000. Copeland Capital Management LLC bought a new position in shares of TJX Companies in 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, Anfield Capital Management LLC bought a new stake in TJX Companies in the second quarter valued at about $37,000. 91.09% of the stock is owned by institutional investors.

TJX Companies Stock Up 1.4 %

NYSE:TJX opened at $121.47 on Friday. The company has a market cap of $137.00 billion, a PE ratio of 28.58, a PEG ratio of 3.01 and a beta of 0.89. The stock has a 50-day simple moving average of $116.52 and a 200 day simple moving average of $112.31. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.60 and a current ratio of 1.19. The TJX Companies, Inc. has a 52-week low of $87.44 and a 52-week high of $122.10.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.05. The company had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the business earned $1.03 EPS. On average, sell-side analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be given 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 yield of 1.23%. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

Insider Transactions at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction that occurred 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 owns 536,148 shares in the company, valued at $63,018,835.92. This represents a 2.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

TJX has been the topic of a number of recent analyst reports. UBS Group raised their target price on TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Evercore ISI lifted their price objective on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research note on Thursday. TD Cowen upped their target price on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Friday. Loop Capital lifted their price target on shares of TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Finally, Morgan Stanley boosted their price target on shares of TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Four equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $129.47.

About TJX Companies

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.