Beese Fulmer Investment Management Inc. Sells 240 Shares of The TJX Companies, Inc. (NYSE:TJX)

Beese Fulmer Investment Management Inc. lowered its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 169,430 shares of the apparel and home fashions retailer’s stock after selling 240 shares during the quarter. TJX Companies accounts for about 1.7% of Beese Fulmer Investment Management Inc.’s portfolio, making the stock its 15th biggest position. Beese Fulmer Investment Management Inc.’s holdings in TJX Companies were worth $19,915,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of TJX. Price T Rowe Associates Inc. MD raised its stake in TJX Companies by 35.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock valued at $1,249,237,000 after purchasing an additional 3,255,849 shares in the last quarter. PineStone Asset Management Inc. boosted its position in TJX Companies by 134.2% during the second quarter. PineStone Asset Management Inc. now owns 5,467,797 shares of the apparel and home fashions retailer’s stock valued at $602,004,000 after acquiring an additional 3,132,960 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of TJX Companies by 33.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer’s stock worth $1,347,934,000 after buying an additional 3,063,318 shares during the period. Capital Wealth Planning LLC acquired a new stake in TJX Companies in the second quarter worth $315,698,000. Finally, Los Angeles Capital Management LLC increased its position in TJX Companies by 80.6% in the 2nd quarter. Los Angeles Capital Management LLC now owns 2,943,176 shares of the apparel and home fashions retailer’s stock valued at $324,044,000 after buying an additional 1,313,517 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Citigroup cut TJX Companies from a “buy” rating to a “neutral” rating and lifted their target price for the company from $110.00 to $128.00 in a research report on Thursday, August 22nd. UBS Group increased their target price on shares of TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Robert W. Baird upped their price target on shares of TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $128.00 target price on shares of TJX Companies in a report on Wednesday, August 21st. Finally, Bank of America increased their price target on shares of TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, TJX Companies currently has an average rating of “Moderate Buy” and a consensus target price of $126.76.

Insider Activity

In related news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 536,148 shares in the company, valued at $63,018,835.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.13% of the company’s stock.

TJX Companies Trading Down 0.8 %

Shares of TJX stock opened at $114.24 on Thursday. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37. The firm has a market cap of $128.85 billion, a P/E ratio of 27.59, a price-to-earnings-growth ratio of 2.91 and a beta of 0.89. The business has a 50-day moving average price of $116.67 and a two-hundred day moving average price of $109.05. The TJX Companies, Inc. has a 12-month low of $86.92 and a 12-month high of $121.13.

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

TJX Companies Dividend Announcement

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 given a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 annualized dividend and a yield of 1.31%. TJX Companies’s payout ratio is 36.23%.

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.