Balentine LLC Sells 159 Shares of The TJX Companies, Inc. (NYSE:TJX)

Balentine LLC lowered its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 5.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,925 shares of the apparel and home fashions retailer’s stock after selling 159 shares during the period. Balentine LLC’s holdings in TJX Companies were worth $344,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of TJX. Norden Group LLC purchased a new position in shares of TJX Companies during the first quarter worth about $289,000. Choreo LLC bought a new stake in shares of TJX Companies during the 1st quarter worth $217,000. Larson Financial Group LLC grew its position in TJX Companies by 190.3% in the first quarter. Larson Financial Group LLC now owns 1,890 shares of the apparel and home fashions retailer’s stock worth $192,000 after acquiring an additional 1,239 shares in the last quarter. Avidian Wealth Solutions LLC increased its stake in TJX Companies by 36.0% in the first quarter. Avidian Wealth Solutions LLC now owns 3,712 shares of the apparel and home fashions retailer’s stock valued at $376,000 after acquiring an additional 983 shares during the last quarter. Finally, Signaturefd LLC raised its position in TJX Companies by 4.7% during the first quarter. Signaturefd LLC now owns 23,856 shares of the apparel and home fashions retailer’s stock valued at $2,419,000 after purchasing an additional 1,069 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

Insider Activity

In related news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at $63,018,835.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Morgan Stanley upped their price objective on TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” 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 company from $110.00 to $128.00 in a research report on Thursday, August 22nd. Jefferies Financial Group boosted their price objective on shares of TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Evercore ISI increased 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. Finally, Wells Fargo & Company lifted their target price on shares of TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, TJX Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.76.

TJX Companies Stock Performance

Shares of TJX stock opened at $113.78 on Wednesday. The firm has a market capitalization of $128.33 billion, a price-to-earnings ratio of 27.48, a PEG ratio of 2.85 and a beta of 0.89. The stock has a fifty day moving average of $116.14 and a 200 day moving average of $110.35. The TJX Companies, Inc. has a 52 week low of $87.26 and a 52 week high of $121.13. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $13.31 billion. During the same period last year, the company posted $0.85 EPS. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. As a group, research analysts expect that The TJX Companies, Inc. will post 4.15 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio is currently 36.23%.

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.