Crumly & Associates Inc. Decreases Stake in The TJX Companies, Inc. (NYSE:TJX)

Crumly & Associates Inc. reduced its stake in The TJX Companies, Inc. (NYSE:TJX) by 5.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,479 shares of the apparel and home fashions retailer’s stock after selling 132 shares during the period. Crumly & Associates Inc.’s holdings in TJX Companies were worth $291,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Norden Group LLC purchased a new position in shares of TJX Companies during the first quarter valued at approximately $289,000. Empowered Funds LLC increased its stake in shares of TJX Companies by 57.0% during the first quarter. Empowered Funds LLC now owns 31,001 shares of the apparel and home fashions retailer’s stock valued at $3,144,000 after buying an additional 11,260 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in shares of TJX Companies by 8.4% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 4,099 shares of the apparel and home fashions retailer’s stock valued at $416,000 after buying an additional 317 shares during the period. Primoris Wealth Advisors LLC increased its stake in shares of TJX Companies by 13.6% during the first quarter. Primoris Wealth Advisors LLC now owns 12,500 shares of the apparel and home fashions retailer’s stock valued at $1,268,000 after buying an additional 1,500 shares during the period. Finally, BCGM Wealth Management LLC increased its stake in shares of TJX Companies by 2.8% during the first quarter. BCGM Wealth Management LLC now owns 16,383 shares of the apparel and home fashions retailer’s stock valued at $1,662,000 after buying an additional 442 shares during the period. 91.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Telsey Advisory Group reissued an “outperform” rating and set a $128.00 target price on shares of TJX Companies in a research note on Wednesday, August 21st. Barclays upped their price target on TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Morgan Stanley upped their price target on TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Loop Capital upped their price target on TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Finally, Robert W. Baird upped their price target on TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a research note 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $126.76.

TJX Companies Trading Up 0.9 %

Shares of NYSE:TJX opened at $117.88 on Friday. The company has a market cap of $132.95 billion, a P/E ratio of 28.47, a PEG ratio of 2.92 and a beta of 0.89. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60. The TJX Companies, Inc. has a 1 year low of $87.26 and a 1 year high of $121.13. The stock’s fifty day moving average price is $116.07 and its 200-day moving average price is $110.60.

TJX Companies (NYSE:TJX) last announced its quarterly 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. The firm had revenue of $13.47 billion for 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%. The company’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.85 earnings per share. Sell-side analysts expect that The TJX Companies, Inc. will post 4.15 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders 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 dividend yield of 1.27%. The ex-dividend date is Thursday, November 14th. TJX Companies’s payout ratio is currently 36.23%.

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 transaction of $1,763,100.00. Following the completion of the sale, the chief executive officer now owns 536,148 shares in the company, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate 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.