Physician Wealth Advisors Inc. Sells 148 Shares of The TJX Companies, Inc. (NYSE:TJX)

Physician Wealth Advisors Inc. decreased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 6.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,032 shares of the apparel and home fashions retailer’s stock after selling 148 shares during the period. Physician Wealth Advisors Inc.’s holdings in TJX Companies were worth $237,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Fisher Asset Management LLC grew its position in TJX Companies by 18.1% in the 4th quarter. Fisher Asset Management LLC now owns 5,400 shares of the apparel and home fashions retailer’s stock worth $507,000 after purchasing an additional 827 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its position in TJX Companies by 5.9% during the first quarter. Massmutual Trust Co. FSB ADV now owns 5,681 shares of the apparel and home fashions retailer’s stock worth $576,000 after buying an additional 314 shares in the last quarter. Alaska Permanent Fund Corp acquired a new stake in TJX Companies during the first quarter worth about $123,000. Montecito Bank & Trust raised its holdings in TJX Companies by 71.6% in the 1st quarter. Montecito Bank & Trust now owns 10,222 shares of the apparel and home fashions retailer’s stock valued at $1,037,000 after acquiring an additional 4,264 shares in the last quarter. Finally, Perpetual Ltd lifted its position in shares of TJX Companies by 1.9% in the 1st quarter. Perpetual Ltd now owns 7,234 shares of the apparel and home fashions retailer’s stock worth $734,000 after acquiring an additional 137 shares during the period. 91.09% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other 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 transaction of $1,763,100.00. Following the completion of the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.13% of the company’s stock.

TJX Companies Trading Up 0.5 %

Shares of NYSE TJX opened at $117.39 on Thursday. The TJX Companies, Inc. has a 1-year low of $86.92 and a 1-year high of $121.13. The company has a 50-day moving average of $116.11 and a two-hundred day moving average of $108.41. The company has a market cap of $132.40 billion, a PE ratio of 28.36, a P/E/G ratio of 2.91 and a beta of 0.89. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37.

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

TJX Companies Announces Dividend

The company also recently disclosed 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 1.28%. TJX Companies’s payout ratio is 36.23%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Wells Fargo & Company raised their target price on TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 22nd. Jefferies Financial Group raised their price objective on shares of TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Bank of America upped their target price on shares of TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Loop Capital raised their price target on shares of TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Finally, UBS Group upped their price objective on TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.76.

About TJX Companies

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.