Beacon Investment Advisory Services Inc. Decreases Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Beacon Investment Advisory Services Inc. decreased its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 217,024 shares of the apparel and home fashions retailer’s stock after selling 2,126 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in TJX Companies were worth $25,509,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. PineStone Asset Management Inc. increased its position 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. increased its holdings in TJX Companies by 33.4% during the second 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 buying an additional 3,063,318 shares during the last quarter. Capital Wealth Planning LLC bought a new position in TJX Companies in the second quarter worth approximately $315,698,000. Los Angeles Capital Management LLC boosted its stake 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 worth $324,044,000 after acquiring an additional 1,313,517 shares during the last quarter. Finally, International Assets Investment Management LLC grew its position in shares of TJX Companies by 13,309.4% during the 3rd quarter. International Assets Investment Management LLC now owns 1,191,155 shares of the apparel and home fashions retailer’s stock valued at $140,008,000 after acquiring an additional 1,182,272 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Trading Down 0.5 %

Shares of TJX opened at $125.69 on Monday. The stock has a market capitalization of $141.76 billion, a PE ratio of 29.57, a P/E/G ratio of 3.09 and a beta of 0.90. The company’s fifty day moving average is $117.29 and its 200 day moving average is $113.46. 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 fifty-two week low of $87.44 and a fifty-two week high of $128.00.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. During the same period in the previous year, the firm posted $1.03 EPS. The business’s quarterly revenue was up 6.0% on a year-over-year basis. Sell-side analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal 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 given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is 35.29%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TJX. Evercore ISI raised their target price on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. TD Cowen lifted their price objective on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. UBS Group increased their target price 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. Citigroup downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and lifted their price target for the company from $110.00 to $128.00 in a report on Thursday, August 22nd. Finally, Barclays upped their price target on shares of TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.47.

Insider Activity

In related news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction that occurred 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 directly owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. This trade represents a 2.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.13% of the company’s stock.

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.