Oppenheimer & Co. Inc. Sells 5,265 Shares of The TJX Companies, Inc. (NYSE:TJX)

Oppenheimer & Co. Inc. lessened its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 5.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 100,107 shares of the apparel and home fashions retailer’s stock after selling 5,265 shares during the period. Oppenheimer & Co. Inc.’s holdings in TJX Companies were worth $11,767,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First Trust Direct Indexing L.P. raised its stake in shares of TJX Companies by 12.4% during the third quarter. First Trust Direct Indexing L.P. now owns 47,104 shares of the apparel and home fashions retailer’s stock worth $5,537,000 after acquiring an additional 5,207 shares in the last quarter. O Shaughnessy Asset Management LLC increased its position in TJX Companies by 9.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 136,798 shares of the apparel and home fashions retailer’s stock valued at $13,874,000 after buying an additional 11,447 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in TJX Companies by 35.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock valued at $1,249,237,000 after purchasing an additional 3,255,849 shares during the period. Koshinski Asset Management Inc. boosted its stake in shares of TJX Companies by 219.8% in the 1st quarter. Koshinski Asset Management Inc. now owns 13,579 shares of the apparel and home fashions retailer’s stock worth $1,377,000 after buying an additional 9,333 shares during the last quarter. Finally, Swedbank AB increased its holdings in TJX Companies by 45.9% during the second quarter. Swedbank AB now owns 1,041,982 shares of the apparel and home fashions retailer’s stock valued at $114,722,000 after buying an additional 327,684 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Transactions at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of the 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 of the company’s stock, valued at approximately $63,018,835.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.13% of the stock is currently owned by company insiders.

TJX Companies Trading Up 0.9 %

Shares of TJX Companies stock traded up $1.09 during trading hours on Wednesday, hitting $120.94. The company’s stock had a trading volume of 399,532 shares, compared to its average volume of 5,208,559. The business has a fifty day moving average of $116.13 and a 200 day moving average of $111.14. 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 1-year low of $87.26 and a 1-year high of $121.15. The company has a market capitalization of $136.40 billion, a PE ratio of 28.95, a P/E/G ratio of 2.99 and a beta of 0.89.

TJX Companies (NYSE:TJX) last announced its earnings results 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 return on equity of 63.19% and a net margin of 8.56%. The company had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. During the same period in the prior year, the company posted $0.85 EPS. TJX Companies’s quarterly revenue was up 5.6% on a year-over-year basis. As a group, equities analysts forecast that The TJX Companies, Inc. will post 4.14 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 annualized dividend and a yield of 1.24%. TJX Companies’s dividend payout ratio (DPR) is presently 36.23%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on TJX shares. Telsey Advisory Group reissued an “outperform” rating and set a $128.00 target price on shares of TJX Companies in a research note on Wednesday, August 21st. Bank of America upped their price target on shares of TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Evercore ISI upped their price objective on shares of TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. TD Cowen lifted their target price on TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Finally, Morgan Stanley raised their price objective on TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $126.76.

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.