Larson Financial Group LLC Has $262,000 Stake in The TJX Companies, Inc. (NYSE:TJX)

Larson Financial Group LLC lessened its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 40.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,233 shares of the apparel and home fashions retailer’s stock after selling 1,509 shares during the period. Larson Financial Group LLC’s holdings in TJX Companies were worth $262,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in TJX. Swedbank AB grew its position in TJX Companies by 16.6% during the third quarter. Swedbank AB now owns 1,214,914 shares of the apparel and home fashions retailer’s stock worth $142,801,000 after buying an additional 172,932 shares in the last quarter. Algert Global LLC grew its holdings in shares of TJX Companies by 842.0% during the 3rd quarter. Algert Global LLC now owns 43,409 shares of the apparel and home fashions retailer’s stock worth $5,102,000 after purchasing an additional 38,801 shares in the last quarter. One Charles Private Wealth Services LLC acquired a new stake in shares of TJX Companies during the 3rd quarter worth $202,000. Cerity Partners LLC increased its position in shares of TJX Companies by 9.0% in the third quarter. Cerity Partners LLC now owns 1,347,670 shares of the apparel and home fashions retailer’s stock worth $158,405,000 after purchasing an additional 110,975 shares during the period. Finally, Great Valley Advisor Group Inc. raised its stake in TJX Companies by 49.4% in the third quarter. Great Valley Advisor Group Inc. now owns 38,501 shares of the apparel and home fashions retailer’s stock valued at $4,525,000 after purchasing an additional 12,724 shares in the last quarter. 91.09% of the stock is owned by institutional investors.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction on 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 transaction, the chief executive officer now owns 536,148 shares of the company’s stock, valued at $63,018,835.92. This trade represents a 2.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Price Performance

TJX stock opened at $126.36 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The TJX Companies, Inc. has a 52-week low of $87.44 and a 52-week high of $128.00. The company has a market capitalization of $142.52 billion, a P/E ratio of 29.73, a PEG ratio of 3.07 and a beta of 0.89. The company has a fifty day moving average price of $116.97 and a 200-day moving average price of $112.98.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, topping the consensus estimate of $1.09 by $0.05. The firm had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.03 EPS. As a group, equities analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be issued 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 1.19%. TJX Companies’s payout ratio is 35.29%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Jefferies Financial Group increased their price objective on shares of TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Wells Fargo & Company increased their price target 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. Citigroup downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $110.00 to $128.00 in a research report on Thursday, August 22nd. UBS Group raised their target price on TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $134.00 price target on shares of TJX Companies in a report on Wednesday, November 20th. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, TJX Companies presently has an average rating of “Moderate Buy” and a consensus price target of $129.47.

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.