Main Street Financial Solutions LLC Cuts Position in The TJX Companies, Inc. (NYSE:TJX)

Main Street Financial Solutions LLC decreased its position in The TJX Companies, Inc. (NYSE:TJX) by 39.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,528 shares of the apparel and home fashions retailer’s stock after selling 10,607 shares during the quarter. Main Street Financial Solutions LLC’s holdings in TJX Companies were worth $1,943,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Richard W. Paul & Associates LLC acquired a new position in shares of TJX Companies during the second quarter worth $25,000. Capital Performance Advisors LLP acquired a new position in shares of TJX Companies during the third quarter worth $29,000. Copeland Capital Management LLC acquired a new position in shares of TJX Companies during the third quarter worth $30,000. New Millennium Group LLC acquired a new position in shares of TJX Companies during the second quarter worth $34,000. Finally, Northwest Investment Counselors LLC acquired a new position in shares of TJX Companies during the third quarter worth $37,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Transactions 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 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 directly owns 536,148 shares in the company, valued at $63,018,835.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TJX. Telsey Advisory Group restated an “outperform” rating and issued a $128.00 price objective on shares of TJX Companies in a research note on Wednesday, August 21st. Citigroup cut shares of TJX Companies from a “buy” rating to a “neutral” rating and upped their target price for the company from $110.00 to $128.00 in a report on Thursday, August 22nd. Wells Fargo & Company upped their target price 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. Robert W. Baird upped their target price 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. Finally, Morgan Stanley increased their price target on shares of TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Three 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 currently has an average rating of “Moderate Buy” and a consensus target price of $126.76.

TJX Companies Trading Up 1.3 %

Shares of TJX stock traded up $1.51 during trading hours on Wednesday, reaching $121.36. 912,938 shares of the stock traded hands, compared to its average volume of 5,211,953. The TJX Companies, Inc. has a 1-year low of $87.26 and a 1-year high of $121.51. The business has a fifty day moving average price of $116.13 and a 200 day moving average price of $111.14. 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 firm has a market capitalization of $136.88 billion, a PE ratio of 29.30, a PEG ratio of 3.03 and a beta of 0.89.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The firm had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.31 billion. During the same period in the previous year, the firm posted $0.85 earnings per share. The firm’s revenue was up 5.6% on a year-over-year basis. On average, equities research analysts forecast that The TJX Companies, Inc. will post 4.14 EPS for the current year.

TJX Companies Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s payout ratio is 36.23%.

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.