CCM Investment Advisers LLC Reduces Stock Position in The TJX Companies, Inc. (NYSE:TJX)

CCM Investment Advisers LLC reduced its holdings in The TJX Companies, Inc. (NYSE:TJX) by 2.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,200 shares of the apparel and home fashions retailer’s stock after selling 915 shares during the period. CCM Investment Advisers LLC’s holdings in TJX Companies were worth $4,608,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in TJX. Valued Wealth Advisors LLC boosted its stake 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 worth $25,000 after purchasing an additional 177 shares during the period. Richard W. Paul & Associates LLC bought a new stake in shares of TJX Companies in the 2nd quarter valued at about $25,000. OFI Invest Asset Management purchased a new position in shares of TJX Companies in the 1st quarter worth approximately $30,000. AlphaMark Advisors LLC grew its position in TJX Companies by 58.4% during the 1st quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer’s stock worth $34,000 after purchasing an additional 122 shares during the last quarter. Finally, New Millennium Group LLC purchased a new stake in TJX Companies during the 2nd quarter worth approximately $34,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total value of $1,763,100.00. Following the transaction, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. BMO Capital Markets upped their price objective on shares of TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Evercore ISI upped their price objective 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. Wells Fargo & Company upped their price objective on shares of TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a report on Thursday, August 22nd. Barclays upped their price objective on shares of TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Finally, Jefferies Financial Group upped their price objective on shares of TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $126.76.

TJX Companies Stock Performance

TJX opened at $112.59 on Friday. 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 company has a market cap of $126.99 billion, a price-to-earnings ratio of 27.20, a PEG ratio of 2.88 and a beta of 0.89. The TJX Companies, Inc. has a 52-week low of $86.92 and a 52-week high of $121.13. The firm’s fifty day simple moving average is $115.63 and its two-hundred day simple moving average is $107.93.

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 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 the consensus estimate of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period last year, the firm posted $0.85 earnings per share. Equities analysts anticipate that The TJX Companies, Inc. will post 4.15 earnings per share 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. Stockholders of record on Thursday, November 14th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.33%. 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.