Healthcare of Ontario Pension Plan Trust Fund Has $7.13 Million Holdings in The TJX Companies, Inc. (NYSE:TJX)

Healthcare of Ontario Pension Plan Trust Fund reduced its holdings in The TJX Companies, Inc. (NYSE:TJX) by 69.6% during the 2nd quarter, Holdings Channel reports. The fund owned 64,770 shares of the apparel and home fashions retailer’s stock after selling 148,603 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in TJX Companies were worth $7,131,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. SS&H Financial Advisors Inc. boosted its holdings in shares of TJX Companies by 32.1% in the 2nd quarter. SS&H Financial Advisors Inc. now owns 8,984 shares of the apparel and home fashions retailer’s stock worth $989,000 after acquiring an additional 2,184 shares in the last quarter. Heritage Wealth Management Inc. bought a new stake in shares of TJX Companies during the 2nd quarter valued at $207,000. Sanctuary Advisors LLC bought a new stake in shares of TJX Companies during the 2nd quarter valued at $14,718,000. Souders Financial Advisors bought a new stake in shares of TJX Companies during the 2nd quarter valued at $1,036,000. Finally, Clearbridge Investments LLC raised its position in shares of TJX Companies by 5.8% during the 2nd quarter. Clearbridge Investments LLC now owns 6,012,310 shares of the apparel and home fashions retailer’s stock valued at $661,955,000 after acquiring an additional 330,277 shares during the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on TJX. Telsey Advisory Group reiterated an “outperform” rating and set a $128.00 target price on shares of TJX Companies in a research report on Wednesday, August 21st. Robert W. Baird upped their price objective on shares of TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. UBS Group upped their price objective on shares of TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. TD Cowen upped their price objective on shares of TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Finally, Jefferies Financial Group upped their price objective on shares of TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, TJX Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.76.

TJX Companies Trading Down 0.3 %

Shares of NYSE:TJX opened at $114.67 on Friday. The TJX Companies, Inc. has a 52-week low of $86.71 and a 52-week high of $121.13. The company has a market capitalization of $129.33 billion, a P/E ratio of 28.45, a price-to-earnings-growth ratio of 2.94 and a beta of 0.89. The company has a 50-day simple moving average of $115.64 and a 200 day simple moving average of $107.54. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $13.31 billion. During the same period last year, the business posted $0.85 EPS. TJX Companies’s revenue was up 5.6% on a year-over-year basis. Sell-side analysts forecast that The TJX Companies, Inc. will post 4.15 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently announced 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 of this dividend is Thursday, November 14th. This represents a $1.50 annualized dividend and a yield of 1.31%. TJX Companies’s dividend payout ratio (DPR) is currently 37.22%.

Insider Activity at TJX Companies

In other TJX Companies 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 transaction, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at $63,018,835.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is currently owned by company insiders.

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.