Western Wealth Management LLC decreased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX – Get Rating) by 4.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 37,664 shares of the apparel and home fashions retailer's stock after selling 1,754 shares during the period. Western Wealth Management LLC's holdings in TJX Companies were worth $2,108,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in TJX. Norges Bank purchased a new stake in TJX Companies in the fourth quarter worth approximately $827,082,000. Ontario Teachers Pension Plan Board purchased a new stake in TJX Companies in the first quarter worth approximately $408,331,000. 1832 Asset Management L.P. boosted its holdings in TJX Companies by 141.0% in the first quarter. 1832 Asset Management L.P. now owns 8,130,500 shares of the apparel and home fashions retailer's stock worth $485,794,000 after purchasing an additional 4,756,845 shares during the last quarter. Capital International Investors boosted its holdings in TJX Companies by 67.8% in the first quarter. Capital International Investors now owns 10,700,425 shares of the apparel and home fashions retailer's stock worth $648,232,000 after purchasing an additional 4,324,443 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in TJX Companies in the first quarter worth approximately $116,429,000. Institutional investors own 90.42% of the company's stock.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 50,282 shares of TJX Companies stock in a transaction on Thursday, September 8th. The shares were sold at an average price of $65.90, for a total value of $3,313,583.80. Following the completion of the transaction, the chief executive officer now directly owns 696,439 shares of the company's stock, valued at approximately $45,895,330.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Scott Goldenberg sold 16,551 shares of TJX Companies stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $68.00, for a total transaction of $1,125,468.00. Following the completion of the transaction, the chief financial officer now directly owns 102,576 shares of the company's stock, valued at approximately $6,975,168. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ernie Herrman sold 50,282 shares of TJX Companies stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of $65.90, for a total transaction of $3,313,583.80. Following the transaction, the chief executive officer now directly owns 696,439 shares of the company's stock, valued at $45,895,330.10. The disclosure for this sale can be found here. Insiders sold 146,375 shares of company stock valued at $9,821,034 in the last three months. Corporate insiders own 0.19% of the company's stock.

TJX Companies Stock Performance

TJX Companies (NYSE:TJX – Get Rating) last announced its quarterly earnings results on Wednesday, August 17th. The apparel and home fashions retailer reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.02. The company had revenue of $11.84 billion for the quarter, compared to the consensus estimate of $12.05 billion. TJX Companies had a net margin of 6.77% and a return on equity of 61.19%. TJX Companies's revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.79 EPS. As a group, analysts anticipate that The TJX Companies, Inc. will post 3.11 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, November 10th will be paid a $0.295 dividend. The ex-dividend date is Wednesday, November 9th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.93%. TJX Companies's payout ratio is currently 42.14%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TJX. Morgan Stanley raised their target price on shares of TJX Companies from $75.00 to $77.00 and gave the stock an "overweight" rating in a report on Thursday, August 18th. Barclays raised their target price on shares of TJX Companies from $72.00 to $76.00 and gave the stock an "overweight" rating in a report on Friday, August 19th. Robert W. Baird increased their price target on shares of TJX Companies from $74.00 to $77.00 and gave the stock an "outperform" rating in a research report on Thursday, August 18th. The Goldman Sachs Group started coverage on shares of TJX Companies in a research report on Tuesday, August 2nd. They issued a "neutral" rating and a $70.00 price target on the stock. Finally, JPMorgan Chase & Co. increased their price target on shares of TJX Companies from $71.00 to $80.00 in a research report on Friday, September 16th. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $74.94.

TJX Companies Company Profile

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The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; jewelry and accessories; and other merchandise.

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