The TJX Companies, Inc. (NYSE:TJX) Shares Sold by CCM Investment Advisers LLC

CCM Investment Advisers LLC reduced its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,200 shares of the apparel and home fashions retailer’s stock after selling 915 shares during the period. CCM Investment Advisers LLC’s holdings in TJX Companies were worth $4,608,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Albion Financial Group UT increased its position in shares of TJX Companies by 17.6% during the third quarter. Albion Financial Group UT now owns 5,343 shares of the apparel and home fashions retailer’s stock valued at $628,000 after acquiring an additional 801 shares during the last quarter. Capital Insight Partners LLC increased its position in shares of TJX Companies by 4.8% during the third quarter. Capital Insight Partners LLC now owns 24,400 shares of the apparel and home fashions retailer’s stock valued at $2,868,000 after acquiring an additional 1,111 shares during the last quarter. Tobam increased its position in shares of TJX Companies by 11.3% during the third quarter. Tobam now owns 4,182 shares of the apparel and home fashions retailer’s stock valued at $492,000 after acquiring an additional 426 shares during the last quarter. Strategic Advisors LLC acquired a new stake in shares of TJX Companies during the third quarter valued at about $204,000. Finally, Brendel Financial Advisors LLC increased its position in shares of TJX Companies by 2.6% during the third quarter. Brendel Financial Advisors LLC now owns 17,537 shares of the apparel and home fashions retailer’s stock valued at $2,061,000 after acquiring an additional 450 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Stock Performance

Shares of TJX opened at $112.59 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21. The stock has a market capitalization of $126.99 billion, a P/E ratio of 27.20, a P/E/G ratio of 2.88 and a beta of 0.89. The company’s fifty day moving average is $115.63 and its two-hundred day moving average is $107.93. The TJX Companies, Inc. has a 1 year low of $86.92 and a 1 year high of $121.13.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.04. The company had revenue of $13.47 billion for 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 in the previous year, the company posted $0.85 EPS. On average, sell-side analysts predict that The TJX Companies, Inc. will post 4.15 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.33%. TJX Companies’s dividend payout ratio (DPR) is presently 36.23%.

Insider Transactions at TJX Companies

In other 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 transaction, the chief executive officer now directly owns 536,148 shares of the company’s stock, 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 SEC, which is available through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

TJX has been the subject of a number of recent analyst reports. Evercore ISI lifted their price target on shares of TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Morgan Stanley lifted their price target on shares of TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Jefferies Financial Group lifted their price target on shares of TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. BMO Capital Markets boosted their price objective on shares of TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Finally, Loop Capital lifted their target price on shares of TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $126.76.

TJX Companies 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.