Park Avenue Securities LLC Sells 3,547 Shares of The TJX Companies, Inc. (NYSE:TJX)

Park Avenue Securities LLC lessened its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 5.2% in the third quarter, Holdings Channel.com reports. The firm owned 64,206 shares of the apparel and home fashions retailer’s stock after selling 3,547 shares during the period. Park Avenue Securities LLC’s holdings in TJX Companies were worth $7,547,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of TJX. Canandaigua National Bank & Trust Co. lifted its stake in shares of TJX Companies by 3.0% during the 3rd quarter. Canandaigua National Bank & Trust Co. now owns 33,910 shares of the apparel and home fashions retailer’s stock valued at $3,986,000 after buying an additional 989 shares in the last quarter. Unique Wealth LLC bought a new position in shares of TJX Companies in the third quarter worth $214,000. Czech National Bank boosted its holdings in shares of TJX Companies by 6.7% in the third quarter. Czech National Bank now owns 230,223 shares of the apparel and home fashions retailer’s stock worth $27,060,000 after acquiring an additional 14,413 shares during the period. JLB & Associates Inc. grew its position in shares of TJX Companies by 6.0% in the third quarter. JLB & Associates Inc. now owns 227,544 shares of the apparel and home fashions retailer’s stock valued at $26,746,000 after purchasing an additional 12,959 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its stake in shares of TJX Companies by 1.5% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 6,477 shares of the apparel and home fashions retailer’s stock valued at $761,000 after purchasing an additional 97 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Barclays upped their price target on TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. UBS Group increased their target price on shares of TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Wells Fargo & Company boosted their price target on shares of TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a research report on Thursday, August 22nd. Bank of America increased their price objective on TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Finally, Robert W. Baird boosted their target price on TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a research report 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $126.76.

Insiders Place Their Bets

In related news, CEO Ernie Herrman sold 15,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 536,148 shares in the company, valued at $63,018,835.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.13% of the company’s stock.

TJX Companies Trading Down 0.3 %

Shares of TJX Companies stock traded down $0.37 during trading on Friday, reaching $114.69. The company’s stock had a trading volume of 6,480,011 shares, compared to its average volume of 5,325,115. 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 company has a market cap of $129.36 billion, a price-to-earnings ratio of 28.45, a PEG ratio of 2.94 and a beta of 0.89. The firm’s 50-day moving average is $115.64 and its two-hundred day moving average is $107.54. The TJX Companies, Inc. has a 52-week low of $86.71 and a 52-week high of $121.13.

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 for the quarter, beating the consensus estimate of $0.92 by $0.04. The company had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. TJX Companies’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.85 EPS. On average, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.15 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a yield of 1.31%. TJX Companies’s dividend payout ratio is currently 37.22%.

TJX Companies 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.