Everett Harris & Co. CA Decreases Stake in The TJX Companies, Inc. (NYSE:TJX)

Everett Harris & Co. CA lowered its stake in The TJX Companies, Inc. (NYSE:TJX) by 0.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,151,379 shares of the apparel and home fashions retailer’s stock after selling 4,295 shares during the quarter. TJX Companies accounts for 1.7% of Everett Harris & Co. CA’s portfolio, making the stock its 11th biggest position. Everett Harris & Co. CA owned 0.10% of TJX Companies worth $135,333,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. Fisher Asset Management LLC increased its position in shares of TJX Companies by 18.1% in the fourth quarter. Fisher Asset Management LLC now owns 5,400 shares of the apparel and home fashions retailer’s stock valued at $507,000 after acquiring an additional 827 shares during the period. Alaska Permanent Fund Corp purchased a new position in TJX Companies during the 1st quarter valued at about $123,000. Perpetual Ltd raised its position in TJX Companies by 1.9% during the 1st quarter. Perpetual Ltd now owns 7,234 shares of the apparel and home fashions retailer’s stock valued at $734,000 after purchasing an additional 137 shares during the last quarter. Aprio Wealth Management LLC purchased a new stake in TJX Companies in the 1st quarter worth approximately $211,000. Finally, RFG Advisory LLC grew its position in shares of TJX Companies by 11.1% in the 1st quarter. RFG Advisory LLC now owns 7,155 shares of the apparel and home fashions retailer’s stock worth $726,000 after buying an additional 715 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Activity at TJX Companies

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. 0.13% of the stock is owned by insiders.

TJX Companies Stock Up 0.2 %

TJX traded up $0.23 during trading on Friday, hitting $117.71. 3,478,101 shares of the company’s stock traded hands, compared to its average volume of 5,294,665. The stock has a market capitalization of $133.03 billion, a price-to-earnings ratio of 29.21, a PEG ratio of 2.91 and a beta of 0.89. The company’s 50 day simple moving average is $116.40 and its two-hundred day simple moving average is $108.60. The TJX Companies, Inc. has a 12-month low of $86.92 and a 12-month high of $121.13. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, beating the consensus estimate of $0.92 by $0.04. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The company had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.31 billion. During the same period last year, the firm posted $0.85 earnings per share. TJX Companies’s revenue was up 5.6% compared to the same quarter last year. Analysts predict that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Thursday, November 14th. This represents a $1.50 annualized dividend and a dividend yield of 1.27%. TJX Companies’s payout ratio is 37.22%.

Analysts Set New Price Targets

A number of equities analysts recently commented on TJX shares. Robert W. Baird upped their target price on TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Evercore ISI boosted their price target on shares of TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. UBS Group raised their price objective on shares of TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. BMO Capital Markets lifted their price objective on TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Finally, Jefferies Financial Group increased their target price on TJX Companies from $130.00 to $140.00 and gave the stock a “buy” 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. According to data from MarketBeat, TJX Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.76.

About TJX Companies

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.