West Michigan Advisors LLC Lowers Holdings in The TJX Companies, Inc. (NYSE:TJX)

West Michigan Advisors LLC trimmed its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 12.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,943 shares of the apparel and home fashions retailer’s stock after selling 578 shares during the period. West Michigan Advisors LLC’s holdings in TJX Companies were worth $463,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of TJX. Richard W. Paul & Associates LLC acquired a new stake in shares of TJX Companies during the 2nd quarter worth approximately $25,000. Valued Wealth Advisors LLC increased its holdings in TJX Companies by 260.3% in the first quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock valued at $25,000 after buying an additional 177 shares in the last quarter. Copeland Capital Management LLC acquired a new position in shares of TJX Companies in the third quarter worth about $30,000. New Millennium Group LLC purchased a new stake in shares of TJX Companies during the 2nd quarter worth about $34,000. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of TJX Companies during the 3rd quarter valued at about $37,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on TJX shares. TD Cowen upped their price target on TJX Companies from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Bank of America increased their target price on TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Jefferies Financial Group boosted their price target on shares of TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. 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. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $128.00 target price on shares of TJX Companies in a research note on Wednesday, August 21st. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $126.76.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of TJX Companies 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 sale, the chief executive officer now owns 536,148 shares in the company, valued at $63,018,835.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is currently owned by company insiders.

TJX Companies Stock Down 0.0 %

Shares of NYSE:TJX opened at $114.19 on Friday. The TJX Companies, Inc. has a 52-week low of $86.92 and a 52-week high of $121.13. 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 business has a fifty day moving average of $116.67 and a two-hundred day moving average of $109.05. The stock has a market cap of $128.79 billion, a P/E ratio of 27.58, a PEG ratio of 2.91 and a beta of 0.89.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.04. The firm had revenue of $13.47 billion during the quarter, compared to analysts’ expectations 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 was up 5.6% compared to the same quarter last year. During the same period last year, the business earned $0.85 earnings per share. On average, research analysts expect that The TJX Companies, Inc. will post 4.15 earnings per share for the current 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 $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s dividend payout ratio is presently 36.23%.

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.