The TJX Companies, Inc. (NYSE:TJX) Position Reduced by Fiera Capital Corp

Fiera Capital Corp lowered its stake in The TJX Companies, Inc. (NYSE:TJX) by 4.6% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,932,653 shares of the apparel and home fashions retailer’s stock after selling 383,711 shares during the quarter. TJX Companies makes up about 2.8% of Fiera Capital Corp’s holdings, making the stock its 8th biggest position. Fiera Capital Corp’s holdings in TJX Companies were worth $932,404,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of TJX. Capital Performance Advisors LLP purchased a new stake in shares of TJX Companies in the third quarter valued at $29,000. Stiles Financial Services Inc raised its position in shares of TJX Companies by 4.0% in the third quarter. Stiles Financial Services Inc now owns 26,861 shares of the apparel and home fashions retailer’s stock valued at $3,158,000 after buying an additional 1,032 shares during the last quarter. AIA Group Ltd increased its stake in TJX Companies by 2.2% in the third quarter. AIA Group Ltd now owns 17,668 shares of the apparel and home fashions retailer’s stock valued at $2,077,000 after purchasing an additional 376 shares during the last quarter. Lewis Asset Management LLC raised its stake in TJX Companies by 12.7% during the third quarter. Lewis Asset Management LLC now owns 4,690 shares of the apparel and home fashions retailer’s stock worth $551,000 after purchasing an additional 528 shares during the period. Finally, Hudson Value Partners LLC purchased a new position in shares of TJX Companies in the 3rd quarter worth $253,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on TJX shares. Jefferies Financial Group raised their target price on shares of TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Wells Fargo & Company upped their price target on TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a report on Thursday, August 22nd. Bank of America increased their target price on TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Barclays raised their price objective on TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Finally, Loop Capital increased their target price on shares of TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, TJX Companies has a consensus rating of “Moderate Buy” and an average price target of $126.76.

TJX Companies Stock Performance

Shares of TJX traded up $1.50 on Friday, reaching $118.35. 1,023,162 shares of the stock traded hands, compared to its average volume of 5,223,054. The firm has a market cap of $133.48 billion, a price-to-earnings ratio of 28.46, a P/E/G ratio of 2.92 and a beta of 0.89. The TJX Companies, Inc. has a 12 month low of $87.26 and a 12 month high of $121.13. The stock’s 50-day moving average price is $116.07 and its 200-day moving average price is $110.39. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60.

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

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is presently 36.23%.

Insider Buying and Selling at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of TJX Companies 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 completion of the sale, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.13% of the company’s stock.

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.