Candriam Luxembourg S.C.A. Sells 63,792 Shares of TJX Companies Inc (NYSE:TJX)

Candriam Luxembourg S.C.A. decreased its stake in TJX Companies Inc (NYSE:TJX) by 10.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 544,321 shares of the apparel and home fashions retailer’s stock after selling 63,792 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in TJX Companies were worth $33,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Nuveen Asset Management LLC boosted its stake in shares of TJX Companies by 1,753.1% during the second quarter. Nuveen Asset Management LLC now owns 6,448,008 shares of the apparel and home fashions retailer’s stock valued at $340,971,000 after purchasing an additional 6,100,049 shares during the period. BlackRock Inc. lifted its position in TJX Companies by 6.1% during the second quarter. BlackRock Inc. now owns 91,057,292 shares of the apparel and home fashions retailer’s stock worth $4,815,108,000 after buying an additional 5,274,627 shares during the period. Renaissance Technologies LLC lifted its position in TJX Companies by 3,058.2% during the second quarter. Renaissance Technologies LLC now owns 1,980,201 shares of the apparel and home fashions retailer’s stock worth $104,713,000 after buying an additional 1,917,501 shares during the period. California Public Employees Retirement System lifted its position in TJX Companies by 21.3% during the second quarter. California Public Employees Retirement System now owns 9,691,809 shares of the apparel and home fashions retailer’s stock worth $512,503,000 after buying an additional 1,701,891 shares during the period. Finally, Vanguard Group Inc. lifted its position in TJX Companies by 1.7% during the second quarter. Vanguard Group Inc. now owns 98,880,165 shares of the apparel and home fashions retailer’s stock worth $5,228,784,000 after buying an additional 1,697,819 shares during the period. 89.39% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts recently weighed in on TJX shares. Nomura increased their target price on TJX Companies from $57.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. Cowen set a $62.00 target price on TJX Companies and gave the stock a “buy” rating in a research report on Tuesday, August 20th. Argus reiterated a “buy” rating on shares of TJX Companies in a research report on Wednesday, July 3rd. Bank of America set a $65.00 target price on TJX Companies and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Finally, Zacks Investment Research upgraded TJX Companies from a “sell” rating to a “hold” rating and set a $64.00 target price on the stock in a research report on Friday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company’s stock. TJX Companies currently has a consensus rating of “Buy” and an average target price of $59.89.

NYSE:TJX traded down $0.17 on Monday, hitting $60.19. 49,780 shares of the stock were exchanged, compared to its average volume of 4,961,058. The stock has a market cap of $73.13 billion, a PE ratio of 28.55, a PEG ratio of 2.18 and a beta of 0.68. The company has a current ratio of 1.25, a quick ratio of 0.48 and a debt-to-equity ratio of 1.88. The stock has a fifty day moving average of $56.15 and a 200-day moving average of $54.13. TJX Companies Inc has a fifty-two week low of $41.49 and a fifty-two week high of $60.89.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Tuesday, August 20th. The apparel and home fashions retailer reported $0.62 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.62. The company had revenue of $9.78 billion during the quarter, compared to analyst estimates of $9.89 billion. TJX Companies had a return on equity of 57.64% and a net margin of 7.66%. The firm’s revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.17 earnings per share. As a group, analysts predict that TJX Companies Inc will post 2.61 earnings per share for the current year.

The company also recently declared a — dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.23 per share. The ex-dividend date is Wednesday, November 13th. This represents a yield of 1.7%. TJX Companies’s dividend payout ratio is presently 43.60%.

TJX Companies Profile

The TJX Companies, Inc 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; footwear; and other merchandise.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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