Buckingham Capital Management Inc. Has $7.38 Million Position in The TJX Companies, Inc. (NYSE:TJX)

Buckingham Capital Management Inc. lessened its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 23.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 62,798 shares of the apparel and home fashions retailer’s stock after selling 19,716 shares during the quarter. Buckingham Capital Management Inc.’s holdings in TJX Companies were worth $7,381,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in TJX. Richard W. Paul & Associates LLC bought a new stake in shares of TJX Companies in the second quarter valued at approximately $25,000. Capital Performance Advisors LLP bought a new stake in TJX Companies in the 3rd quarter valued at $29,000. Copeland Capital Management LLC acquired a new stake in TJX Companies in the 3rd quarter worth $30,000. New Millennium Group LLC bought a new position in TJX Companies during the second quarter valued at about $34,000. Finally, Anfield Capital Management LLC acquired a new position in shares of TJX Companies in the second quarter valued at $37,000. Institutional investors own 91.09% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Jefferies Financial Group raised their price target on shares of TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Morgan Stanley lifted their price target on shares of TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Wells Fargo & Company raised their price objective on shares of 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 boosted 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. Finally, UBS Group boosted their price objective on TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.76.

TJX Companies Trading Up 0.8 %

NYSE:TJX opened at $117.83 on Monday. The business has a 50 day moving average price of $116.07 and a two-hundred day moving average price of $110.82. 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 $132.90 billion, a P/E ratio of 28.46, a price-to-earnings-growth ratio of 2.98 and a beta of 0.89. The TJX Companies, Inc. has a twelve month low of $87.26 and a twelve month high of $121.13.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS 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 the consensus estimate of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.85 EPS. As a group, analysts expect that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal year.

TJX Companies Dividend Announcement

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 is Thursday, November 14th. This represents a $1.50 annualized dividend and a yield of 1.27%. TJX Companies’s dividend payout ratio (DPR) is currently 36.23%.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was 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 $63,018,835.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is currently owned by corporate 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.