The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Chesley Taft & Associates LLC

Chesley Taft & Associates LLC reduced its position in The TJX Companies, Inc. (NYSE:TJX) by 7.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,505 shares of the apparel and home fashions retailer’s stock after selling 3,562 shares during the period. Chesley Taft & Associates LLC’s holdings in TJX Companies were worth $4,996,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Valued Wealth Advisors LLC increased its holdings in 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 last quarter. Richard W. Paul & Associates LLC bought a new stake in shares of TJX Companies in the second quarter worth $25,000. OFI Invest Asset Management acquired a new stake in TJX Companies in the first quarter valued at $30,000. AlphaMark Advisors LLC boosted its stake 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 valued at $34,000 after acquiring an additional 122 shares during the last quarter. Finally, New Millennium Group LLC acquired a new position in TJX Companies during the 2nd quarter worth $34,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on TJX shares. Robert W. Baird increased their price target on shares of TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. UBS Group lifted their target price on TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Evercore ISI upped their price target on TJX Companies from $115.00 to $126.00 and gave the company 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 stock an “overweight” rating in a report on Thursday, August 22nd. Finally, StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Sunday, September 15th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, TJX Companies presently has a consensus rating of “Moderate Buy” and an average target price of $126.76.

Insiders Place Their Bets

In other news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 536,148 shares in the company, valued at $63,018,835.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.13% of the stock is owned by insiders.

TJX Companies Stock Performance

TJX opened at $112.13 on Tuesday. 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 business’s 50 day moving average is $115.64 and its 200-day moving average is $107.66. The stock has a market cap of $126.47 billion, a PE ratio of 27.82, a price-to-earnings-growth ratio of 2.90 and a beta of 0.89. The TJX Companies, Inc. has a twelve month low of $86.92 and a twelve month high of $121.13.

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, topping analysts’ consensus estimates of $0.92 by $0.04. The company had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 EPS. On average, analysts predict that The TJX Companies, Inc. will post 4.15 earnings per share for the current year.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be paid 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 1.34%. TJX Companies’s payout ratio is 37.22%.

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.