My Legacy Advisors LLC Sells 1,843 Shares of The TJX Companies, Inc. (NYSE:TJX)

My Legacy Advisors LLC lessened its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 13.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,066 shares of the apparel and home fashions retailer’s stock after selling 1,843 shares during the period. My Legacy Advisors LLC’s holdings in TJX Companies were worth $1,418,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC raised its stake in shares of TJX Companies by 4.8% in the third quarter. Signaturefd LLC now owns 25,000 shares of the apparel and home fashions retailer’s stock worth $2,939,000 after purchasing an additional 1,151 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in TJX Companies by 10.0% in the third quarter. Sequoia Financial Advisors LLC now owns 119,086 shares of the apparel and home fashions retailer’s stock valued at $13,997,000 after purchasing an additional 10,845 shares during the period. Oakworth Capital Inc. grew its stake in TJX Companies by 1.3% during the 3rd quarter. Oakworth Capital Inc. now owns 11,231 shares of the apparel and home fashions retailer’s stock worth $1,320,000 after purchasing an additional 145 shares in the last quarter. Maple Capital Management Inc. boosted its position in shares of TJX Companies by 0.9% during the 3rd quarter. Maple Capital Management Inc. now owns 220,629 shares of the apparel and home fashions retailer’s stock worth $25,933,000 after acquiring an additional 1,941 shares in the last quarter. Finally, MPS Loria Financial Planners LLC acquired a new position in shares of TJX Companies during the 3rd quarter worth about $204,000. Institutional investors own 91.09% of the company’s stock.

Analyst Ratings Changes

TJX has been the subject of a number of analyst reports. 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. UBS Group lifted their target price on TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Barclays boosted their price target on TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Loop Capital upped their target price on TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Finally, Morgan Stanley increased their price objective on TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, TJX Companies currently has an average rating of “Moderate Buy” and a consensus price target of $126.76.

Insider Transactions at TJX Companies

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 value of $1,763,100.00. Following the sale, the chief executive officer now owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.13% of the company’s stock.

TJX Companies Stock Down 0.6 %

Shares of TJX stock traded down $0.64 on Tuesday, hitting $115.02. The stock had a trading volume of 1,247,542 shares, compared to its average volume of 5,270,915. The TJX Companies, Inc. has a one year low of $86.92 and a one year 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 company has a market cap of $129.73 billion, a PE ratio of 27.94, a P/E/G ratio of 2.97 and a beta of 0.89. The business has a 50 day moving average price of $116.48 and a 200 day moving average price of $108.88.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The business had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.31 billion. During the same period in the prior year, the business posted $0.85 EPS. The company’s revenue was up 5.6% compared to the same quarter last year. Research analysts anticipate that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 annualized dividend and a yield of 1.30%. TJX Companies’s dividend payout ratio (DPR) is presently 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.