Captrust Financial Advisors Sells 18,773 Shares of The TJX Companies, Inc. (NYSE:TJX)

Captrust Financial Advisors lessened its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 5.7% in the third quarter, HoldingsChannel.com reports. The firm owned 311,285 shares of the apparel and home fashions retailer’s stock after selling 18,773 shares during the period. Captrust Financial Advisors’ holdings in TJX Companies were worth $36,588,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Richard W. Paul & Associates LLC acquired a new stake in shares of TJX Companies in the 2nd quarter worth about $25,000. Capital Performance Advisors LLP purchased a new stake in shares of TJX Companies in the third quarter valued at about $29,000. Truvestments Capital LLC bought a new position in shares of TJX Companies during the third quarter valued at about $29,000. Copeland Capital Management LLC purchased a new position in TJX Companies during the third quarter worth about $30,000. Finally, New Millennium Group LLC bought a new stake in TJX Companies in the 2nd quarter worth about $34,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Performance

NYSE TJX opened at $125.69 on Friday. The company’s 50 day moving average is $117.29 and its 200-day moving average is $113.26. The firm has a market cap of $141.76 billion, a P/E ratio of 29.57, a price-to-earnings-growth ratio of 3.11 and a beta of 0.89. The TJX Companies, Inc. has a 12-month low of $87.44 and a 12-month high of $128.00. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. During the same quarter in the prior year, the business posted $1.03 earnings per share. The business’s quarterly revenue was up 6.0% on a year-over-year basis. Sell-side analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s payout ratio is presently 35.29%.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of the firm’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 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on TJX. 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 TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday. Bank of America upped their price objective 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 lifted their target price 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, Deutsche Bank Aktiengesellschaft increased their price target on shares of TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $129.47.

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.