The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership decreased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 5.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 96,925 shares of the apparel and home fashions retailer’s stock after selling 5,366 shares during the quarter. Artisan Partners Limited Partnership’s holdings in TJX Companies were worth $8,218,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. ZRC Wealth Management LLC purchased a new stake in TJX Companies in the second quarter valued at approximately $25,000. Glass Jacobson Investment Advisors llc purchased a new stake in TJX Companies in the second quarter valued at approximately $25,000. Steward Financial Group LLC purchased a new stake in TJX Companies in the second quarter valued at approximately $26,000. Tucker Asset Management LLC purchased a new stake in TJX Companies in the first quarter valued at approximately $25,000. Finally, ICA Group Wealth Management LLC purchased a new stake in TJX Companies in the fourth quarter valued at approximately $27,000. Hedge funds and other institutional investors own 89.28% of the company’s stock.

Insider Transactions at TJX Companies

In other news, Chairman Carol Meyrowitz sold 64,817 shares of the stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $91.13, for a total transaction of $5,906,773.21. Following the completion of the transaction, the chairman now directly owns 135,050 shares in the company, valued at approximately $12,307,106.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, EVP Kenneth Canestrari sold 4,197 shares of the stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $90.00, for a total transaction of $377,730.00. Following the completion of the transaction, the executive vice president now directly owns 115,223 shares in the company, valued at approximately $10,370,070. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Carol Meyrowitz sold 64,817 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $91.13, for a total value of $5,906,773.21. Following the transaction, the chairman now owns 135,050 shares of the company’s stock, valued at $12,307,106.50. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

TJX has been the topic of several recent research reports. Citigroup upped their price objective on TJX Companies from $90.00 to $103.00 and gave the stock a “buy” rating in a research report on Thursday, August 17th. Jefferies Financial Group upped their price objective on TJX Companies from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, August 17th. StockNews.com initiated coverage on TJX Companies in a research report on Thursday, October 5th. They issued a “buy” rating on the stock. UBS Group upped their price objective on TJX Companies from $90.00 to $91.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Morgan Stanley upped their price objective on TJX Companies from $99.00 to $101.00 and gave the stock an “overweight” rating in a research report on Thursday. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, TJX Companies has a consensus rating of “Moderate Buy” and a consensus price target of $98.11.

TJX Companies Stock Up 0.5 %

Shares of TJX opened at $88.84 on Friday. The TJX Companies, Inc. has a 52-week low of $72.92 and a 52-week high of $93.78. The company has a market capitalization of $101.64 billion, a PE ratio of 25.17, a price-to-earnings-growth ratio of 2.11 and a beta of 0.91. The stock has a fifty day simple moving average of $89.67 and a two-hundred day simple moving average of $85.73. The company has a quick ratio of 0.56, a current ratio of 1.19 and a debt-to-equity ratio of 0.42.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, November 15th. The apparel and home fashions retailer reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.04. TJX Companies had a return on equity of 62.67% and a net margin of 7.85%. The business had revenue of $13.27 billion during the quarter, compared to the consensus estimate of $13.09 billion. During the same period last year, the company earned $0.86 EPS. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. As a group, equities analysts forecast that The TJX Companies, Inc. will post 3.74 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 9th will be issued a dividend of $0.3325 per share. This represents a $1.33 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Wednesday, November 8th. TJX Companies’s dividend payout ratio is presently 37.68%.

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.