The TJX Companies, Inc. (NYSE:TJX) Shares Sold by TCV Trust & Wealth Management Inc.

TCV Trust & Wealth Management Inc. lessened its stake in The TJX Companies, Inc. (NYSE:TJX) by 2.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 142,760 shares of the apparel and home fashions retailer’s stock after selling 2,899 shares during the quarter. TJX Companies makes up approximately 1.5% of TCV Trust & Wealth Management Inc.’s holdings, making the stock its 21st biggest holding. TCV Trust & Wealth Management Inc.’s holdings in TJX Companies were worth $16,780,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Richard W. Paul & Associates LLC bought a new stake in TJX Companies during the second quarter valued at $25,000. Valued Wealth Advisors LLC grew its position in shares of TJX Companies by 260.3% during the 1st 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 during the last quarter. Copeland Capital Management LLC acquired a new stake in TJX Companies during the third quarter worth about $30,000. New Millennium Group LLC bought a new position in TJX Companies in the second quarter worth about $34,000. Finally, Northwest Investment Counselors LLC acquired a new position in TJX Companies in the third quarter valued at approximately $37,000. Institutional investors own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TJX shares. Wells Fargo & Company increased their price target on TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 22nd. Loop Capital raised their target price on TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Evercore ISI upped their price target on shares of TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. Barclays lifted their price objective on shares of TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Finally, BMO Capital Markets upped their target price on shares of TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, TJX Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.76.

TJX Companies Stock Performance

NYSE:TJX opened at $113.82 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37. The company has a 50-day moving average of $116.77 and a 200-day moving average of $109.29. The TJX Companies, Inc. has a twelve month low of $86.92 and a twelve month high of $121.13. The firm has a market cap of $128.63 billion, a price-to-earnings ratio of 28.24, 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 (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.04. The firm had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.85 earnings per share. Analysts forecast that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors 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 1.32%. TJX Companies’s dividend payout ratio (DPR) is 37.22%.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were 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 of the company’s stock, valued at approximately $63,018,835.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is currently owned by company insiders.

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.