Captrust Financial Advisors Sells 18,773 Shares of The TJX Companies, Inc. (NYSE:TJX)

Captrust Financial Advisors cut its stake in The TJX Companies, Inc. (NYSE:TJX) by 5.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 311,285 shares of the apparel and home fashions retailer’s stock after selling 18,773 shares during the period. Captrust Financial Advisors’ holdings in TJX Companies were worth $36,588,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of TJX. Icon Wealth Advisors LLC raised its stake in TJX Companies by 14.4% in the third quarter. Icon Wealth Advisors LLC now owns 3,487 shares of the apparel and home fashions retailer’s stock valued at $410,000 after purchasing an additional 439 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in TJX Companies by 7.2% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 967,229 shares of the apparel and home fashions retailer’s stock valued at $113,666,000 after buying an additional 65,155 shares during the period. Teachers Insurance & Annuity Association of America bought a new position in TJX Companies in the 3rd quarter valued at about $61,000. Vinva Investment Management Ltd raised its position in shares of TJX Companies by 13.1% in the 3rd quarter. Vinva Investment Management Ltd now owns 52,273 shares of the apparel and home fashions retailer’s stock valued at $6,142,000 after buying an additional 6,039 shares in the last quarter. Finally, Financial Counselors Inc. lifted its holdings in shares of TJX Companies by 4.1% during the 3rd quarter. Financial Counselors Inc. now owns 26,900 shares of the apparel and home fashions retailer’s stock worth $3,162,000 after acquiring an additional 1,069 shares during the period. 91.09% of the stock is currently owned by institutional investors.

Insider Activity at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of TJX Companies 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 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 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. 0.13% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TJX. Wells Fargo & Company lifted their price objective on shares of TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a research note on Thursday, August 22nd. TD Cowen boosted their price target on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Deutsche Bank Aktiengesellschaft upped their price objective on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Citigroup cut TJX Companies from a “buy” rating to a “neutral” rating and lifted their target price for the company from $110.00 to $128.00 in a research report on Thursday, August 22nd. Finally, Barclays increased their target price on shares of TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $129.47.

TJX Companies Stock Performance

Shares of TJX Companies stock opened at $125.69 on Friday. The business has a 50-day moving average price of $117.29 and a two-hundred day moving average price of $113.26. The TJX Companies, Inc. has a 1-year low of $87.44 and a 1-year high of $128.00. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The company has a market cap of $141.76 billion, a P/E ratio of 29.57, a PEG ratio of 3.11 and a beta of 0.89.

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

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 annualized dividend and a dividend yield of 1.19%. TJX Companies’s dividend payout ratio is currently 35.29%.

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.