The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Accretive Wealth Partners LLC

Accretive Wealth Partners LLC cut its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,901 shares of the apparel and home fashions retailer’s stock after selling 470 shares during the quarter. Accretive Wealth Partners LLC’s holdings in TJX Companies were worth $1,399,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in TJX. Canada Pension Plan Investment Board raised its holdings in TJX Companies by 22.4% during the first quarter. Canada Pension Plan Investment Board now owns 818,212 shares of the apparel and home fashions retailer’s stock worth $82,983,000 after purchasing an additional 149,678 shares during the last quarter. Gamco Investors INC. ET AL raised its stake in shares of TJX Companies by 12.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 2,800 shares of the apparel and home fashions retailer’s stock worth $284,000 after buying an additional 300 shares during the last quarter. LRI Investments LLC purchased a new stake in shares of TJX Companies in the 1st quarter worth about $458,000. Epoch Investment Partners Inc. boosted its position in shares of TJX Companies by 14.6% in the 1st quarter. Epoch Investment Partners Inc. now owns 1,067,202 shares of the apparel and home fashions retailer’s stock worth $108,236,000 after buying an additional 136,002 shares in the last quarter. Finally, Bank of Nova Scotia Trust Co. grew its stake in TJX Companies by 3.9% in the 1st quarter. Bank of Nova Scotia Trust Co. now owns 43,107 shares of the apparel and home fashions retailer’s stock valued at $4,372,000 after acquiring an additional 1,616 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

Shares of TJX stock opened at $119.77 on Friday. The company’s fifty day moving average price is $116.49 and its two-hundred day moving average price is $112.14. 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 firm has a market capitalization of $135.08 billion, a P/E ratio of 28.18, a P/E/G ratio of 3.03 and a beta of 0.89. The TJX Companies, Inc. has a 12 month low of $87.44 and a 12 month high of $122.10.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, topping the consensus estimate of $1.09 by $0.05. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The business had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.95 billion. During the same quarter in the previous year, the firm posted $1.03 earnings per share. The company’s revenue was up 6.0% compared to the same quarter last year. On average, research analysts anticipate that The TJX Companies, Inc. will post 4.14 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s payout ratio is currently 35.29%.

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction dated 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 completion of 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 2.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Morgan Stanley upped their price target on shares of TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a research note on Sunday, September 15th. Deutsche Bank Aktiengesellschaft raised their price target on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research report on Thursday. Loop Capital upped their price objective on TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Finally, UBS Group lifted their price objective on TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $129.35.

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.