Bluesphere Advisors LLC Trims Stake in The TJX Companies, Inc. (NYSE:TJX)

Bluesphere Advisors LLC trimmed its stake in The TJX Companies, Inc. (NYSE:TJX) by 1.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,255 shares of the apparel and home fashions retailer’s stock after selling 89 shares during the period. Bluesphere Advisors LLC’s holdings in TJX Companies were worth $618,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of TJX. Price T Rowe Associates Inc. MD boosted its holdings in shares of TJX Companies by 35.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock valued at $1,249,237,000 after purchasing an additional 3,255,849 shares during the last quarter. PineStone Asset Management Inc. boosted its holdings in shares of TJX Companies by 134.2% during the 2nd quarter. PineStone Asset Management Inc. now owns 5,467,797 shares of the apparel and home fashions retailer’s stock valued at $602,004,000 after purchasing an additional 3,132,960 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of TJX Companies by 33.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer’s stock valued at $1,347,934,000 after purchasing an additional 3,063,318 shares during the last quarter. Capital Wealth Planning LLC bought a new position in shares of TJX Companies during the 2nd quarter valued at about $315,698,000. Finally, Los Angeles Capital Management LLC boosted its holdings in shares of TJX Companies by 80.6% during the 2nd quarter. Los Angeles Capital Management LLC now owns 2,943,176 shares of the apparel and home fashions retailer’s stock valued at $324,044,000 after purchasing an additional 1,313,517 shares during the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the firm’s 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 sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is owned by insiders.

TJX Companies Trading Down 1.8 %

TJX Companies stock traded down $2.13 during midday trading on Monday, reaching $115.58. The stock had a trading volume of 2,726,402 shares, compared to its average volume of 5,282,019. 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 TJX Companies, Inc. has a 52-week low of $86.92 and a 52-week high of $121.13. The firm has a market cap of $130.36 billion, a price-to-earnings ratio of 28.43, a price-to-earnings-growth ratio of 2.97 and a beta of 0.89. The company has a fifty day moving average of $116.40 and a 200 day moving average of $108.74.

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

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s payout ratio is 36.23%.

Wall Street Analysts Forecast Growth

TJX has been the subject of several research reports. Telsey Advisory Group reissued an “outperform” rating and set a $128.00 price objective on shares of TJX Companies in a report on Wednesday, August 21st. Robert W. Baird increased their price objective on shares of TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Evercore ISI increased their price target 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. Jefferies Financial Group increased their price target 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. Finally, BMO Capital Markets increased their price target 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. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, TJX Companies has an average rating of “Moderate Buy” and a consensus target price of $126.76.

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.