The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lowered its holdings in The TJX Companies, Inc. (NYSE:TJX) by 52.4% in the third quarter, HoldingsChannel reports. The firm owned 112,781 shares of the apparel and home fashions retailer’s stock after selling 124,249 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in TJX Companies were worth $13,257,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TJX. Norden Group LLC purchased a new stake in shares of TJX Companies in the 1st quarter valued at approximately $289,000. Empowered Funds LLC increased its position in shares of TJX Companies by 57.0% in the 1st quarter. Empowered Funds LLC now owns 31,001 shares of the apparel and home fashions retailer’s stock valued at $3,144,000 after purchasing an additional 11,260 shares during the last quarter. Sei Investments Co. increased its position in shares of TJX Companies by 2.3% in the 1st quarter. Sei Investments Co. now owns 641,476 shares of the apparel and home fashions retailer’s stock valued at $65,060,000 after purchasing an additional 14,628 shares during the last quarter. Choate Investment Advisors increased its position in shares of TJX Companies by 21.9% in the 1st quarter. Choate Investment Advisors now owns 150,405 shares of the apparel and home fashions retailer’s stock valued at $15,254,000 after purchasing an additional 26,991 shares during the last quarter. Finally, NorthRock Partners LLC increased its position in shares of TJX Companies by 19.4% in the 1st quarter. NorthRock Partners LLC now owns 7,468 shares of the apparel and home fashions retailer’s stock valued at $757,000 after purchasing an additional 1,214 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Evercore ISI upped their target price on shares of TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a report on Monday, August 19th. Loop Capital upped their target price on shares of TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. TD Cowen upped their target price on shares of TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Citigroup cut shares of TJX Companies from a “buy” rating to a “neutral” rating and increased their price target for the stock from $110.00 to $128.00 in a research note on Thursday, August 22nd. Finally, BMO Capital Markets increased their price target on shares of TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, TJX Companies has an average rating of “Moderate Buy” and a consensus target price of $126.76.

TJX Companies Stock Up 0.8 %

TJX traded up $0.98 during trading on Friday, hitting $117.83. The company had a trading volume of 5,785,802 shares, compared to its average volume of 4,498,502. The company has a market cap of $132.90 billion, a PE ratio of 28.46, a P/E/G ratio of 2.98 and a beta of 0.89. The TJX Companies, Inc. has a 1-year low of $87.26 and a 1-year high of $121.13. The business has a 50-day moving average of $116.07 and a 200-day moving average of $110.60. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The firm had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.31 billion. During the same quarter in the prior year, the firm posted $0.85 EPS. TJX Companies’s 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 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders 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 1.27%. TJX Companies’s dividend payout ratio is currently 36.23%.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the sale, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.13% of the company’s stock.

TJX Companies 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.