Turtle Creek Wealth Advisors LLC Reduces Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Turtle Creek Wealth Advisors LLC lowered its stake in The TJX Companies, Inc. (NYSE:TJX) by 1.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,976 shares of the apparel and home fashions retailer’s stock after selling 434 shares during the period. Turtle Creek Wealth Advisors LLC’s holdings in TJX Companies were worth $3,053,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in TJX. Richard W. Paul & Associates LLC purchased a new position in shares of TJX Companies during the 2nd quarter worth approximately $25,000. Capital Performance Advisors LLP bought a new stake in TJX Companies during the 3rd quarter valued at about $29,000. Copeland Capital Management LLC purchased a new position in TJX Companies in the 3rd quarter worth approximately $30,000. New Millennium Group LLC bought a new position in shares of TJX Companies during the second quarter valued at $34,000. Finally, Anfield Capital Management LLC purchased a new stake in shares of TJX Companies during the 2nd quarter valued at about $37,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on TJX shares. Evercore ISI lifted their price objective on TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. TD Cowen boosted their target price on shares of TJX Companies from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Friday. Bank of America lifted their price target on shares of TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Wells Fargo & Company raised their target price on TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a report on Thursday, August 22nd. Finally, Jefferies Financial Group lifted their target price on TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, TJX Companies has an average rating of “Moderate Buy” and a consensus target price of $127.41.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was 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 2.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.13% of the company’s stock.

TJX Companies Price Performance

Shares of TJX stock traded up $0.06 during mid-day trading on Friday, hitting $119.97. The company had a trading volume of 5,103,496 shares, compared to its average volume of 4,488,200. The TJX Companies, Inc. has a 52-week low of $87.26 and a 52-week high of $122.10. The stock’s 50 day moving average price is $116.33 and its 200-day moving average price is $111.44. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60. The company has a market capitalization of $135.31 billion, a P/E ratio of 28.98, a P/E/G ratio of 3.03 and a beta of 0.89.

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, beating analysts’ consensus estimates of $0.92 by $0.04. The company had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. TJX Companies’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.85 EPS. Equities research analysts forecast that The TJX Companies, Inc. will post 4.14 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders 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 yield of 1.25%. The ex-dividend date 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.