Profund Advisors LLC Decreases Stake in The TJX Companies, Inc. (NYSE:TJX)

Profund Advisors LLC reduced its holdings in The TJX Companies, Inc. (NYSE:TJX) by 17.4% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 22,339 shares of the apparel and home fashions retailer’s stock after selling 4,699 shares during the period. Profund Advisors LLC’s holdings in TJX Companies were worth $2,460,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of TJX. Aveo Capital Partners LLC raised its stake in shares of TJX Companies by 6.0% in the 4th quarter. Aveo Capital Partners LLC now owns 3,568 shares of the apparel and home fashions retailer’s stock valued at $335,000 after acquiring an additional 203 shares during the period. 9258 Wealth Management LLC raised its stake in shares of TJX Companies by 36.6% in the 4th quarter. 9258 Wealth Management LLC now owns 13,515 shares of the apparel and home fashions retailer’s stock valued at $1,268,000 after acquiring an additional 3,624 shares during the period. Gryphon Financial Partners LLC raised its stake in shares of TJX Companies by 35.9% in the 4th quarter. Gryphon Financial Partners LLC now owns 2,908 shares of the apparel and home fashions retailer’s stock valued at $249,000 after acquiring an additional 768 shares during the period. TCW Group Inc. purchased a new stake in shares of TJX Companies in the 4th quarter valued at approximately $1,763,000. Finally, Nomura Asset Management Co. Ltd. grew its holdings in shares of TJX Companies by 1.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 383,841 shares of the apparel and home fashions retailer’s stock valued at $36,008,000 after purchasing an additional 5,318 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TJX has been the subject of a number of research reports. Evercore ISI lifted their price objective on shares of TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a report on Monday, August 19th. Citigroup cut shares of TJX Companies from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $110.00 to $128.00 in a report on Thursday, August 22nd. Bank of America lifted their price objective on shares of TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Jefferies Financial Group boosted their price target on shares of TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Finally, TD Cowen boosted their price objective on shares of TJX Companies from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, TJX Companies presently has an average rating of “Moderate Buy” and a consensus price target of $126.76.

Insider Activity at TJX Companies

In related 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 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. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.13% of the stock is owned by corporate insiders.

TJX Companies Stock Performance

NYSE:TJX opened at $117.93 on Monday. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37. The TJX Companies, Inc. has a fifty-two week low of $86.71 and a fifty-two week high of $121.13. The stock has a market cap of $133.28 billion, a PE ratio of 29.26, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89. The firm’s fifty day simple moving average is $114.83 and its 200-day simple moving average is $106.28.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. The firm had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The firm’s revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.85 EPS. Analysts expect that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be paid a $0.375 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a yield of 1.27%. TJX Companies’s payout ratio is 37.22%.

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.