Mirae Asset Global Investments Co. Ltd. Has $24.70 Million Position in The TJX Companies, Inc. (NYSE:TJX)

Mirae Asset Global Investments Co. Ltd. lessened its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 8.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 291,279 shares of the apparel and home fashions retailer’s stock after selling 25,174 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in TJX Companies were worth $24,698,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. ZRC Wealth Management LLC acquired a new position in shares of TJX Companies during the second quarter valued at $25,000. Glass Jacobson Investment Advisors llc acquired a new position in shares of TJX Companies during the second quarter valued at $25,000. Steward Financial Group LLC acquired a new position in shares of TJX Companies during the second quarter valued at $26,000. Tucker Asset Management LLC acquired a new position in shares of TJX Companies during the first quarter valued at $25,000. Finally, ICA Group Wealth Management LLC bought a new stake in TJX Companies in the fourth quarter valued at about $27,000. Institutional investors and hedge funds own 89.28% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on TJX. Citigroup upped their price objective on TJX Companies from $90.00 to $103.00 and gave the company a “buy” rating in a report on Thursday, August 17th. Robert W. Baird upped their price objective on TJX Companies from $90.00 to $96.00 and gave the company an “outperform” rating in a report on Thursday, August 17th. Barclays upped their price objective on TJX Companies from $95.00 to $101.00 and gave the company an “overweight” rating in a report on Tuesday, August 15th. Telsey Advisory Group increased their price target on TJX Companies from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Thursday, November 16th. Finally, StockNews.com initiated coverage on TJX Companies in a report on Thursday, October 5th. They issued a “buy” rating for the company. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $98.11.

TJX Companies Stock Up 0.8 %

TJX stock opened at $89.54 on Tuesday. The company has a quick ratio of 0.56, a current ratio of 1.19 and a debt-to-equity ratio of 0.42. The TJX Companies, Inc. has a twelve month low of $72.92 and a twelve month high of $93.78. The business has a 50 day moving average price of $89.63 and a two-hundred day moving average price of $85.88. The company has a market cap of $102.44 billion, a price-to-earnings ratio of 25.37, a P/E/G ratio of 2.11 and a beta of 0.91.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, November 15th. The apparel and home fashions retailer reported $1.03 EPS for the quarter, topping the consensus estimate of $0.99 by $0.04. TJX Companies had a return on equity of 62.67% and a net margin of 7.85%. The company had revenue of $13.27 billion during the quarter, compared to the consensus estimate of $13.09 billion. During the same period in the previous year, the company posted $0.86 EPS. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. Analysts anticipate that The TJX Companies, Inc. will post 3.74 EPS for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 9th will be paid a dividend of $0.3325 per share. The ex-dividend date of this dividend is Wednesday, November 8th. This represents a $1.33 annualized dividend and a dividend yield of 1.49%. TJX Companies’s dividend payout ratio is currently 37.68%.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 35,907 shares of the business’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $89.29, for a total value of $3,206,136.03. Following the completion of the sale, the chief executive officer now directly owns 595,191 shares in the company, valued at approximately $53,144,604.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Ernie Herrman sold 35,907 shares of the business’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $89.29, for a total value of $3,206,136.03. Following the completion of the sale, the chief executive officer now directly owns 595,191 shares in the company, valued at approximately $53,144,604.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kenneth Canestrari sold 4,197 shares of TJX Companies stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $90.00, for a total value of $377,730.00. Following the completion of the transaction, the executive vice president now directly owns 115,223 shares of the company’s stock, valued at $10,370,070. The disclosure for this sale can be found here. In the last three months, insiders sold 104,921 shares of company stock worth $9,490,639. 0.13% of the stock is owned by company 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.