Quantinno Capital Management LP lowered its stake in  The TJX Companies, Inc. (NYSE:TJX – Get Rating) by 6.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor  owned 35,495 shares of the apparel and home fashions retailer's stock after selling 2,621 shares during the period. Quantinno Capital Management LP's holdings in TJX Companies were worth $2,205,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in TJX. Empirical Finance LLC grew its stake in shares of  TJX Companies by 5.8% in the 2nd quarter. Empirical Finance LLC now owns 24,471 shares of the apparel and home fashions retailer's stock valued at $1,367,000 after purchasing an additional 1,331 shares during the last quarter.  Charter Oak Capital Management LLC acquired a new position in  TJX Companies during the second quarter worth $51,000.  Smith Salley & Associates raised its holdings in shares of  TJX Companies by 1.5% in the third quarter. Smith Salley & Associates now owns 309,394 shares of the apparel and home fashions retailer's stock worth $19,219,000 after acquiring an additional 4,430 shares during the last quarter.  Sumitomo Life Insurance Co. raised its holdings in shares of  TJX Companies by 1.9% in the second quarter. Sumitomo Life Insurance Co. now owns 31,591 shares of the apparel and home fashions retailer's stock worth $1,764,000 after acquiring an additional 578 shares during the last quarter.  Finally, AE Wealth Management LLC raised its holdings in shares of  TJX Companies by 5.2% in the second quarter. AE Wealth Management LLC now owns 59,368 shares of the apparel and home fashions retailer's stock worth $3,316,000 after acquiring an additional 2,941 shares during the last quarter. Institutional investors and hedge funds own  91.30% of the company's stock.

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Analysts Set New Price Targets

TJX has been the subject of a number of research reports. Telsey Advisory Group boosted their price target on TJX Companies from $86.00 to $95.00 and gave the company an "outperform" rating in a research report on Thursday, November 17th. Credit Suisse Group boosted their price target on TJX Companies from $70.00 to $85.00 and gave the stock an "outperform" rating in a research note on Thursday, November 17th. Bank of America upped their price objective on TJX Companies from $80.00 to $90.00 and gave the company a "buy" rating in a research note on Thursday, November 17th. Cowen increased their price target on TJX Companies from $84.00 to $85.00 in a research report on Tuesday, December 6th. Finally, Citigroup increased their price target on TJX Companies from $86.00 to $90.00 and gave the stock a "buy" rating in a research report on Thursday, November 17th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $82.67.

TJX Companies Stock Performance

TJX opened at $81.51 on Tuesday. The firm has a market capitalization of $94.18 billion, a P/E ratio of 28.40, a price-to-earnings-growth ratio of 2.50 and a beta of 0.89. The stock's 50 day moving average price is $79.99 and its two-hundred day moving average price is $70.77. The company has a quick ratio of 0.41, a current ratio of 1.16 and a debt-to-equity ratio of 0.50. The TJX Companies, Inc. has a 12-month low of $53.69 and a 12-month high of $83.13.

TJX Companies (NYSE:TJX – Get Rating) last released its earnings results on Wednesday, November 16th. The apparel and home fashions retailer reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.06. The firm had revenue of $12.17 billion for the quarter, compared to analyst estimates of $12.27 billion. TJX Companies had a return on equity of 62.97% and a net margin of 6.90%.  On average, equities analysts forecast that  The TJX Companies, Inc. will post 3.12 earnings per share for the current year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 2nd. Stockholders of record on Thursday, February 9th will be issued a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Wednesday, February 8th. TJX Companies's payout ratio is presently 41.11%.

Insider Transactions at TJX Companies

In other news, Director Amy B. Lane sold 3,200 shares of TJX Companies stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $78.86, for a total transaction of $252,352.00. Following the sale, the director now owns 26,531 shares of the company's stock, valued at approximately $2,092,234.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Kenneth Canestrari sold 4,100 shares of the business's stock in a transaction on Friday, November 18th. The stock was sold at an average price of $78.51, for a total value of $321,891.00. Following the sale, the executive vice president now owns 126,822 shares of the company's stock, valued at approximately $9,956,795.22. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Amy B. Lane sold 3,200 shares of the stock in a transaction on Monday, November 21st. The stock was sold at an average price of $78.86, for a total value of $252,352.00. Following the transaction, the director now owns 26,531 shares of the company's stock, valued at $2,092,234.66. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,231 shares of company stock valued at $2,405,249. 0.19% of the stock is owned by corporate insiders.

TJX Companies 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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