Eagle Ridge Investment Management Cuts Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Eagle Ridge Investment Management trimmed its position in The TJX Companies, Inc. (NYSE:TJX) by 94.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,559 shares of the apparel and home fashions retailer’s stock after selling 106,208 shares during the period. Eagle Ridge Investment Management’s holdings in TJX Companies were worth $771,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Valued Wealth Advisors LLC boosted its holdings in shares of TJX Companies by 260.3% in the first quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock valued at $25,000 after acquiring an additional 177 shares in the last quarter. Richard W. Paul & Associates LLC acquired a new stake in TJX Companies in the second quarter valued at about $25,000. Copeland Capital Management LLC purchased a new stake in TJX Companies in the 3rd quarter valued at approximately $30,000. AlphaMark Advisors LLC increased its position in TJX Companies by 58.4% during the 1st quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer’s stock worth $34,000 after purchasing an additional 122 shares during the period. Finally, New Millennium Group LLC acquired a new position in TJX Companies during the 2nd quarter worth approximately $34,000. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $114.19 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21. The business’s fifty day moving average price is $116.67 and its two-hundred day moving average price is $109.05. The stock has a market cap of $128.79 billion, a PE ratio of 27.58, a price-to-earnings-growth ratio of 2.91 and a beta of 0.89. The TJX Companies, Inc. has a one year low of $86.92 and a one year high of $121.13.

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

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio is presently 36.23%.

Analyst Ratings Changes

Several analysts have recently commented on TJX shares. Bank of America raised their price target on TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Telsey Advisory Group reissued an “outperform” rating and issued a $128.00 target price on shares of TJX Companies in a report on Wednesday, August 21st. TD Cowen upped their price target on shares of TJX Companies from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Robert W. Baird raised their price objective on shares of TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Finally, BMO Capital Markets boosted their price objective on shares of TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, TJX Companies has an average rating of “Moderate Buy” and a consensus price target of $126.76.

Insider Activity at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total value of $1,763,100.00. Following the completion of the sale, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.13% of the company’s stock.

TJX Companies 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.