Stanley Laman Group Ltd. Sells 3,783 Shares of The TJX Companies, Inc. (NYSE:TJX)

Stanley Laman Group Ltd. lessened its holdings in The TJX Companies, Inc. (NYSE:TJX) by 8.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,342 shares of the apparel and home fashions retailer’s stock after selling 3,783 shares during the quarter. Stanley Laman Group Ltd.’s holdings in TJX Companies were worth $4,742,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Stablepoint Partners LLC raised its holdings in TJX Companies by 0.3% in the 3rd quarter. Stablepoint Partners LLC now owns 26,922 shares of the apparel and home fashions retailer’s stock valued at $3,164,000 after buying an additional 89 shares during the last quarter. Dearborn Partners LLC raised its holdings in TJX Companies by 4.0% during the 2nd quarter. Dearborn Partners LLC now owns 2,359 shares of the apparel and home fashions retailer’s stock worth $260,000 after purchasing an additional 90 shares during the last quarter. Concorde Asset Management LLC raised its holdings in TJX Companies by 2.8% during the 2nd quarter. Concorde Asset Management LLC now owns 3,330 shares of the apparel and home fashions retailer’s stock worth $367,000 after purchasing an additional 90 shares during the last quarter. Sound Income Strategies LLC raised its holdings in TJX Companies by 3.8% during the 3rd quarter. Sound Income Strategies LLC now owns 2,507 shares of the apparel and home fashions retailer’s stock worth $295,000 after purchasing an additional 91 shares during the last quarter. Finally, Wambolt & Associates LLC raised its holdings in TJX Companies by 1.4% during the 2nd quarter. Wambolt & Associates LLC now owns 6,791 shares of the apparel and home fashions retailer’s stock worth $751,000 after purchasing an additional 94 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Down 0.4 %

Shares of NYSE TJX opened at $115.19 on Wednesday. The TJX Companies, Inc. has a 12 month low of $86.92 and a 12 month high of $121.13. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $129.92 billion, a price-to-earnings ratio of 27.82, a PEG ratio of 2.97 and a beta of 0.89. The business has a 50-day moving average of $116.57 and a 200-day moving average of $109.01.

TJX Companies (NYSE:TJX) last issued its earnings results 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 business had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. TJX Companies’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.85 earnings per share. Sell-side analysts expect that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently announced 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 annualized dividend and a yield of 1.30%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio is currently 36.23%.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

Several research firms have issued reports on TJX. Barclays raised their price target on shares of TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. TD Cowen raised their price objective on shares of TJX Companies from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Citigroup downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $110.00 to $128.00 in a research report on Thursday, August 22nd. Wells Fargo & Company lifted their target price on TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 22nd. Finally, StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research note on Sunday, September 15th. Three equities research 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 a consensus target price of $126.76.

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.