Court Place Advisors LLC Sells 246 Shares of The TJX Companies, Inc. (NYSE:TJX)

Court Place Advisors LLC lowered its holdings in The TJX Companies, Inc. (NYSE:TJX) by 1.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,757 shares of the apparel and home fashions retailer’s stock after selling 246 shares during the period. Court Place Advisors LLC’s holdings in TJX Companies were worth $2,322,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Richard W. Paul & Associates LLC bought a new position in shares of TJX Companies in the 2nd quarter valued at about $25,000. Valued Wealth Advisors LLC grew its stake in 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 purchasing an additional 177 shares in the last quarter. Copeland Capital Management LLC bought a new position in TJX Companies in the third quarter valued at approximately $30,000. New Millennium Group LLC bought a new stake in shares of TJX Companies during the 2nd quarter worth approximately $34,000. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of TJX Companies in the 3rd quarter valued at approximately $37,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Morgan Stanley boosted 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. TD Cowen raised their target price on shares of TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Telsey Advisory Group reissued an “outperform” rating and set a $128.00 price target on shares of TJX Companies in a research report on Wednesday, August 21st. Wells Fargo & Company raised their price objective on TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a research report on Thursday, August 22nd. Finally, Barclays boosted their target price on TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.76.

TJX Companies Stock Performance

TJX Companies stock traded up $0.30 during midday trading on Friday, hitting $114.50. The company’s stock had a trading volume of 405,491 shares, compared to its average volume of 5,242,739. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60. The company has a market cap of $129.14 billion, a price-to-earnings ratio of 27.58, a PEG ratio of 2.91 and a beta of 0.89. 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 price of $116.67 and a two-hundred day moving average price of $109.05.

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

TJX Companies Dividend Announcement

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. 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 payout ratio is currently 36.23%.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at $63,018,835.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is currently 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.