True North Advisors LLC Sells 96 Shares of The TJX Companies, Inc. (NYSE:TJX)

True North Advisors LLC decreased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 4.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,271 shares of the apparel and home fashions retailer’s stock after selling 96 shares during the quarter. True North Advisors LLC’s holdings in TJX Companies were worth $267,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in TJX. Valued Wealth Advisors LLC lifted its stake in shares of TJX Companies by 260.3% during the 1st quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock worth $25,000 after purchasing an additional 177 shares during the last quarter. Richard W. Paul & Associates LLC purchased a new stake in TJX Companies in the second quarter valued at about $25,000. OFI Invest Asset Management purchased a new stake in TJX Companies in the first quarter valued at about $30,000. AlphaMark Advisors LLC raised its stake in TJX Companies by 58.4% in the first quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer’s stock valued at $34,000 after buying an additional 122 shares during the last quarter. Finally, New Millennium Group LLC purchased a new stake in TJX Companies in the second quarter valued at about $34,000. Institutional investors own 91.09% of the company’s stock.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction that occurred 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 owns 536,148 shares in the company, valued at approximately $63,018,835.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on TJX. Loop Capital increased their price target on TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. 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 research note on Thursday, August 22nd. Bank of America increased their price target on TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Robert W. Baird raised their price objective on TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Finally, TD Cowen raised their price objective on TJX Companies from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $126.76.

TJX Companies Stock Up 0.4 %

Shares of TJX opened at $113.92 on Wednesday. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37. The TJX Companies, Inc. has a 12 month low of $86.92 and a 12 month high of $121.13. The stock’s 50 day moving average is $115.63 and its two-hundred day moving average is $107.85. The firm has a market cap of $128.49 billion, a P/E ratio of 28.15, a PEG ratio of 2.90 and a beta of 0.89.

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

TJX Companies Dividend Announcement

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 paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio is presently 37.22%.

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.