The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Claro Advisors LLC

Claro Advisors LLC reduced its stake in The TJX Companies, Inc. (NYSE:TJX) by 89.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,195 shares of the apparel and home fashions retailer’s stock after selling 17,979 shares during the period. Claro Advisors LLC’s holdings in TJX Companies were worth $258,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Stablepoint Partners LLC grew its stake in TJX Companies by 0.3% in the third quarter. Stablepoint Partners LLC now owns 26,922 shares of the apparel and home fashions retailer’s stock worth $3,164,000 after purchasing an additional 89 shares in the last quarter. Dearborn Partners LLC grew its position in shares of TJX Companies by 4.0% in the 2nd quarter. Dearborn Partners LLC now owns 2,359 shares of the apparel and home fashions retailer’s stock worth $260,000 after acquiring an additional 90 shares in the last quarter. Concorde Asset Management LLC increased its holdings in shares of TJX Companies by 2.8% in the 2nd quarter. Concorde Asset Management LLC now owns 3,330 shares of the apparel and home fashions retailer’s stock valued at $367,000 after acquiring an additional 90 shares during the last quarter. Sound Income Strategies LLC raised its position in shares of TJX Companies by 3.8% during the 3rd quarter. Sound Income Strategies LLC now owns 2,507 shares of the apparel and home fashions retailer’s stock valued at $295,000 after acquiring an additional 91 shares in the last quarter. Finally, Wambolt & Associates LLC lifted its stake in TJX Companies by 1.4% during the second quarter. Wambolt & Associates LLC now owns 6,791 shares of the apparel and home fashions retailer’s stock worth $751,000 after purchasing an additional 94 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Stock Up 0.2 %

TJX opened at $117.71 on Monday. The TJX Companies, Inc. has a 12 month low of $86.92 and a 12 month high of $121.13. 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 stock has a market cap of $132.76 billion, a P/E ratio of 28.43, a P/E/G ratio of 2.97 and a beta of 0.89. The stock’s 50 day moving average price is $116.40 and its 200 day moving average price is $108.74.

TJX Companies (NYSE:TJX) last posted 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 return on equity of 63.19% and a net margin of 8.56%. The firm had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.31 billion. During the same period last year, the firm earned $0.85 EPS. The firm’s revenue was up 5.6% compared to the same quarter last year. As a group, research analysts predict that The TJX Companies, Inc. will post 4.15 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is presently 36.23%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Morgan Stanley lifted their price objective 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. UBS Group boosted their price objective on shares of TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Bank of America raised their target price on shares of TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Citigroup lowered TJX Companies from a “buy” rating to a “neutral” rating and upped their target price for the company from $110.00 to $128.00 in a report on Thursday, August 22nd. Finally, BMO Capital Markets increased their price target on TJX Companies from $116.00 to $133.00 and gave the stock 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 issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $126.76.

Insider Activity

In other 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 transaction of $1,763,100.00. Following 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 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is owned by insiders.

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.