The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Hamilton Point Investment Advisors LLC

Hamilton Point Investment Advisors LLC decreased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,607 shares of the apparel and home fashions retailer’s stock after selling 206 shares during the quarter. TJX Companies accounts for approximately 2.2% of Hamilton Point Investment Advisors LLC’s portfolio, making the stock its 8th largest holding. Hamilton Point Investment Advisors LLC’s holdings in TJX Companies were worth $12,648,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TJX. Richard W. Paul & Associates LLC purchased a new stake in shares of TJX Companies in the second quarter valued at approximately $25,000. Capital Performance Advisors LLP acquired a new stake in TJX Companies in the 3rd quarter valued at $29,000. Copeland Capital Management LLC purchased a new stake in TJX Companies in the 3rd quarter worth $30,000. New Millennium Group LLC acquired a new position in TJX Companies during the second quarter worth $34,000. Finally, Anfield Capital Management LLC purchased a new position in TJX Companies during the second quarter valued at $37,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Price Performance

TJX stock opened at $121.47 on Friday. The business’s fifty day moving average price is $116.52 and its 200 day moving average price is $112.31. The TJX Companies, Inc. has a 12-month low of $87.44 and a 12-month high of $122.10. The company has a market capitalization of $137.00 billion, a PE ratio of 28.58, a P/E/G ratio of 3.01 and a beta of 0.89. The company has a current ratio of 1.19, a quick ratio of 0.60 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. During the same period in the prior year, the firm earned $1.03 earnings per share. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be paid a $0.375 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.50 annualized dividend and a dividend yield of 1.23%. TJX Companies’s dividend payout ratio (DPR) is 35.29%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on TJX shares. Loop Capital raised their price objective on TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Jefferies Financial Group upped their price objective on shares of TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Deutsche Bank Aktiengesellschaft raised their target price on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research note on Thursday. Wells Fargo & Company boosted their target price on TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a report on Thursday, August 22nd. Finally, Citigroup cut TJX Companies from a “buy” rating to a “neutral” rating and increased their price target for the company from $110.00 to $128.00 in a report on Thursday, August 22nd. Four equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $129.47.

Insiders Place Their Bets

In related news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total value of $1,763,100.00. Following the completion of the transaction, the chief executive officer now directly owns 536,148 shares in the company, valued at approximately $63,018,835.92. This trade represents a 2.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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.