The TJX Companies, Inc. (NYSE:TJX) Stock Holdings Lowered by AMI Investment Management Inc.

AMI Investment Management Inc. trimmed its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 6.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 34,119 shares of the apparel and home fashions retailer’s stock after selling 2,183 shares during the period. TJX Companies comprises approximately 1.4% of AMI Investment Management Inc.’s investment portfolio, making the stock its 23rd biggest position. AMI Investment Management Inc.’s holdings in TJX Companies were worth $4,010,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in TJX. Richard W. Paul & Associates LLC acquired a new stake in TJX Companies during the 2nd quarter worth about $25,000. Valued Wealth Advisors LLC grew its holdings in shares of TJX Companies by 260.3% during the first quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock valued at $25,000 after buying an additional 177 shares in the last quarter. New Millennium Group LLC purchased a new position in shares of TJX Companies during the second quarter valued at $34,000. OFI Invest Asset Management acquired a new position in TJX Companies during the first quarter valued at $30,000. Finally, AlphaMark Advisors LLC lifted its stake in TJX Companies by 58.4% in the 1st quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer’s stock worth $34,000 after acquiring an additional 122 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on TJX shares. Loop Capital lifted their target price on TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Wells Fargo & Company boosted their price objective 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. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Sunday, September 15th. TD Cowen raised their target price on shares of TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Finally, Citigroup lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $110.00 to $128.00 in a research report on Thursday, August 22nd. Three investment 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $126.76.

Insiders Place Their Bets

In other news, CEO Ernie Herrman sold 15,000 shares of the business’s stock in a transaction on 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 owns 536,148 shares in the company, valued at approximately $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 accessible through this link. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Price Performance

Shares of NYSE:TJX traded down $0.39 during midday trading on Friday, reaching $114.67. 6,479,955 shares of the company’s stock were exchanged, compared to its average volume of 5,325,115. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21. The company’s 50 day simple moving average is $115.58 and its two-hundred day simple moving average is $107.41. The TJX Companies, Inc. has a 12 month low of $86.71 and a 12 month high of $121.13. The firm has a market capitalization of $129.33 billion, a PE ratio of 28.55, a price-to-earnings-growth ratio of 2.94 and a beta of 0.89.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $13.31 billion. During the same quarter last year, the company earned $0.85 earnings per share. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. Equities research analysts expect that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders 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 yield of 1.31%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is 37.22%.

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.