Brighton Jones LLC Has $827,000 Position in The TJX Companies, Inc. (NYSE:TJX)

Brighton Jones LLC lessened its holdings in The TJX Companies, Inc. (NYSE:TJX) by 48.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,037 shares of the apparel and home fashions retailer’s stock after selling 6,657 shares during the period. Brighton Jones LLC’s holdings in TJX Companies were worth $827,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC raised its holdings in shares of TJX Companies by 13,309.4% in the 3rd quarter. International Assets Investment Management LLC now owns 1,191,155 shares of the apparel and home fashions retailer’s stock worth $140,008,000 after buying an additional 1,182,272 shares in the last quarter. Axecap Investments LLC bought a new stake in TJX Companies in the third quarter valued at $2,914,000. McAdam LLC raised its stake in TJX Companies by 7.7% during the third quarter. McAdam LLC now owns 7,446 shares of the apparel and home fashions retailer’s stock worth $875,000 after acquiring an additional 530 shares in the last quarter. Wallington Asset Management LLC lifted its holdings in shares of TJX Companies by 2.7% during the third quarter. Wallington Asset Management LLC now owns 273,026 shares of the apparel and home fashions retailer’s stock valued at $32,091,000 after acquiring an additional 7,245 shares during the period. Finally, Courier Capital LLC acquired a new stake in shares of TJX Companies in the 3rd quarter valued at $2,614,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a report on Thursday, August 22nd. Telsey Advisory Group reiterated an “outperform” rating and issued a $128.00 target price on shares of TJX Companies in a research note on Wednesday, August 21st. Evercore ISI increased their price target on TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. Citigroup downgraded TJX Companies from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $110.00 to $128.00 in a research report on Thursday, August 22nd. Finally, UBS Group increased their target price on TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $126.76.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction that occurred 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 owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.13% of the stock is owned by insiders.

TJX Companies Price Performance

Shares of TJX stock opened at $114.19 on Friday. The firm’s 50 day moving average price is $116.67 and its two-hundred day moving average price is $109.05. The stock has a market cap of $128.79 billion, a PE ratio of 27.58, a PEG ratio of 2.91 and a beta of 0.89. The TJX Companies, Inc. has a 52-week low of $86.92 and a 52-week high of $121.13. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The business had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.31 billion. During the same period in the previous year, the firm earned $0.85 earnings per share. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. As a group, analysts forecast that The TJX Companies, Inc. will post 4.15 EPS for the current year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be given a $0.375 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.31%. TJX Companies’s dividend payout ratio is 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.