Crew Capital Management Ltd. Sells 898 Shares of The TJX Companies, Inc. (NYSE:TJX)

Crew Capital Management Ltd. decreased its position in The TJX Companies, Inc. (NYSE:TJX) by 8.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,304 shares of the apparel and home fashions retailer’s stock after selling 898 shares during the quarter. TJX Companies makes up approximately 1.0% of Crew Capital Management Ltd.’s portfolio, making the stock its 22nd largest position. Crew Capital Management Ltd.’s holdings in TJX Companies were worth $1,211,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TJX. Fisher Asset Management LLC grew its stake in TJX Companies by 18.1% during the fourth quarter. Fisher Asset Management LLC now owns 5,400 shares of the apparel and home fashions retailer’s stock valued at $507,000 after acquiring an additional 827 shares in the last quarter. Alaska Permanent Fund Corp purchased a new position in shares of TJX Companies in the first quarter worth about $123,000. RFG Advisory LLC lifted its stake in shares of TJX Companies by 11.1% in the 1st quarter. RFG Advisory LLC now owns 7,155 shares of the apparel and home fashions retailer’s stock valued at $726,000 after acquiring an additional 715 shares during the last quarter. Salem Investment Counselors Inc. boosted its holdings in TJX Companies by 4.9% during the 1st quarter. Salem Investment Counselors Inc. now owns 4,336 shares of the apparel and home fashions retailer’s stock valued at $440,000 after acquiring an additional 203 shares during the period. Finally, Steph & Co. grew its position in TJX Companies by 56.1% during the 1st quarter. Steph & Co. now owns 462 shares of the apparel and home fashions retailer’s stock worth $47,000 after acquiring an additional 166 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

NYSE TJX traded down $2.42 during trading hours on Monday, reaching $115.29. The company’s stock had a trading volume of 2,342,828 shares, compared to its average volume of 5,279,664. The company has a market capitalization of $130.03 billion, a price-to-earnings ratio of 28.43, a PEG ratio of 2.97 and a beta of 0.89. 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 TJX Companies, Inc. has a 1 year low of $86.92 and a 1 year high of $121.13. The firm’s 50-day moving average price is $116.40 and its 200-day moving average price is $108.74.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.04. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The company had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.31 billion. During the same period last year, the company posted $0.85 earnings per share. TJX Companies’s quarterly revenue was up 5.6% on a year-over-year basis. On average, equities research analysts predict that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be given a $0.375 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a yield of 1.30%. TJX Companies’s dividend payout ratio is presently 36.23%.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the business’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 transaction of $1,763,100.00. Following the completion of the transaction, the chief executive officer now owns 536,148 shares in the company, valued at $63,018,835.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TJX. Robert W. Baird raised their target price on shares of TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Morgan Stanley increased their target price on shares of TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Loop Capital boosted their price target on TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a report on Sunday, September 15th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $128.00 price target on shares of TJX Companies in a report on Wednesday, August 21st. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, TJX Companies presently has a consensus rating of “Moderate Buy” and an average target price of $126.76.

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.