Forbes J M & Co. LLP Sells 150 Shares of The TJX Companies, Inc. (NYSE:TJX)

Forbes J M & Co. LLP cut its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 120,457 shares of the apparel and home fashions retailer’s stock after selling 150 shares during the period. TJX Companies makes up 1.4% of Forbes J M & Co. LLP’s holdings, making the stock its 25th biggest holding. Forbes J M & Co. LLP’s holdings in TJX Companies were worth $14,159,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Trilogy Capital Inc. bought a new stake in TJX Companies in the 1st quarter worth about $289,000. Chapin Davis Inc. bought a new stake in TJX Companies in the 1st quarter worth about $209,000. Aviance Capital Partners LLC bought a new stake in TJX Companies in the 1st quarter worth about $250,000. Kowal Investment Group LLC grew its position in TJX Companies by 6.4% in the 1st quarter. Kowal Investment Group LLC now owns 2,742 shares of the apparel and home fashions retailer’s stock worth $278,000 after purchasing an additional 165 shares in the last quarter. Finally, Miracle Mile Advisors LLC grew its position in TJX Companies by 151.4% in the 1st quarter. Miracle Mile Advisors LLC now owns 9,185 shares of the apparel and home fashions retailer’s stock worth $932,000 after purchasing an additional 5,531 shares in the last quarter. 91.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TJX has been the subject of a number of research reports. TD Cowen increased their target price on shares of TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a research 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 company an “overweight” rating in a research report on Thursday, August 22nd. Barclays increased their target price on shares of TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Wells Fargo & Company increased their target price on shares of 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, BMO Capital Markets increased their target price on shares of TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. 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 data from MarketBeat, TJX Companies presently has an average rating of “Moderate Buy” and an average target price of $126.76.

Insider Activity at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is owned by insiders.

TJX Companies Price Performance

Shares of NYSE:TJX traded up $0.24 during trading on Monday, reaching $114.06. The company had a trading volume of 441,603 shares, compared to its average volume of 5,231,019. The company has a fifty day moving average of $116.77 and a two-hundred day moving average of $109.38. The stock has a market capitalization of $128.64 billion, a P/E ratio of 27.60, a price-to-earnings-growth ratio of 2.88 and a beta of 0.89. The TJX Companies, Inc. has a 12 month low of $87.05 and a 12 month high of $121.13. 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 released its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS 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 for the quarter, compared to analyst estimates of $13.31 billion. During the same quarter last year, the firm earned $0.85 EPS. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. Equities research analysts forecast that The TJX Companies, Inc. will post 4.15 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio is currently 36.23%.

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.