Raub Brock Capital Management LP Cuts Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Raub Brock Capital Management LP lessened its holdings in The TJX Companies, Inc. (NYSE:TJX) by 2.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 146,193 shares of the apparel and home fashions retailer’s stock after selling 3,489 shares during the quarter. TJX Companies accounts for 3.5% of Raub Brock Capital Management LP’s investment portfolio, making the stock its 18th largest position. Raub Brock Capital Management LP’s holdings in TJX Companies were worth $17,184,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in TJX. Fisher Asset Management LLC grew its position in shares of TJX Companies by 18.1% during the 4th quarter. Fisher Asset Management LLC now owns 5,400 shares of the apparel and home fashions retailer’s stock valued at $507,000 after acquiring an additional 827 shares during the period. Alaska Permanent Fund Corp bought a new position in TJX Companies during the first quarter valued at $123,000. Perpetual Ltd increased its position in TJX Companies by 1.9% in the first quarter. Perpetual Ltd now owns 7,234 shares of the apparel and home fashions retailer’s stock worth $734,000 after buying an additional 137 shares during the last quarter. Aprio Wealth Management LLC bought a new stake in shares of TJX Companies in the first quarter valued at $211,000. Finally, RFG Advisory LLC lifted its position in shares of TJX Companies by 11.1% during the 1st quarter. RFG Advisory LLC now owns 7,155 shares of the apparel and home fashions retailer’s stock valued at $726,000 after buying an additional 715 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Trading Up 0.2 %

Shares of TJX Companies stock opened at $117.71 on Friday. 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 TJX Companies, Inc. has a 1 year low of $86.92 and a 1 year high of $121.13. The firm has a market cap of $132.76 billion, a PE ratio of 28.43, a PEG ratio of 2.91 and a beta of 0.89. The company has a 50 day simple moving average of $116.40 and a two-hundred day simple moving average of $108.60.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $13.31 billion. During the same quarter in the prior year, the firm earned $0.85 earnings per share. The firm’s revenue was up 5.6% on a year-over-year basis. Analysts expect that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

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 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%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on TJX shares. Robert W. Baird lifted their price objective on TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Morgan Stanley boosted their price target on shares of TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Bank of America upped their price target on shares of TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. UBS Group lifted their price objective on shares of TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Finally, Barclays increased their target price on TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $126.76.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction on Tuesday, September 10th. The shares were 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 of the company’s stock, valued at approximately $63,018,835.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.13% of the company’s stock.

TJX Companies Company 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.