Court Place Advisors LLC Has $2.32 Million Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Court Place Advisors LLC cut its holdings in The TJX Companies, Inc. (NYSE:TJX) by 1.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,757 shares of the apparel and home fashions retailer’s stock after selling 246 shares during the quarter. Court Place Advisors LLC’s holdings in TJX Companies were worth $2,322,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TJX. Richard W. Paul & Associates LLC acquired a new stake in shares of TJX Companies in the 2nd quarter valued at approximately $25,000. Valued Wealth Advisors LLC boosted its position in TJX Companies by 260.3% in the first quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock valued at $25,000 after buying an additional 177 shares in the last quarter. Copeland Capital Management LLC acquired a new stake in TJX Companies in the third quarter valued at approximately $30,000. New Millennium Group LLC acquired a new position in shares of TJX Companies during the second quarter worth $34,000. Finally, Northwest Investment Counselors LLC bought a new position in shares of TJX Companies in the 3rd quarter valued at $37,000. Institutional investors own 91.09% of the company’s stock.

Insider Activity

In related news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total value of $1,763,100.00. Following the transaction, the chief executive officer now directly owns 536,148 shares in the company, valued at $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 is available at this link. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TJX. Robert W. Baird upped their target price 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 upped their price objective on TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Jefferies Financial Group lifted their target price on shares of TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Sunday, September 15th. Finally, Citigroup lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $110.00 to $128.00 in a 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. Based on data from MarketBeat.com, TJX Companies presently has a consensus rating of “Moderate Buy” and an average price target of $126.76.

TJX Companies Trading Up 0.3 %

Shares of NYSE:TJX traded up $0.30 during mid-day trading on Friday, hitting $114.50. The company had a trading volume of 405,491 shares, compared to its average volume of 5,242,739. 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 one year low of $86.92 and a one year high of $121.13. The firm has a fifty day moving average price of $116.67 and a 200 day moving average price of $109.05. The company has a market capitalization of $129.14 billion, a PE ratio of 27.58, a price-to-earnings-growth ratio of 2.91 and a beta of 0.89.

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

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders 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 dividend on an annualized basis and a yield of 1.31%. TJX Companies’s dividend payout ratio (DPR) is presently 36.23%.

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.