Atlas Brown Inc. Cuts Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Atlas Brown Inc. lessened its stake in The TJX Companies, Inc. (NYSE:TJX) by 1.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,393 shares of the apparel and home fashions retailer’s stock after selling 350 shares during the period. Atlas Brown Inc.’s holdings in TJX Companies were worth $1,675,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of TJX. Procyon Private Wealth Partners LLC grew its stake in shares of TJX Companies by 71.7% during the third quarter. Procyon Private Wealth Partners LLC now owns 5,260 shares of the apparel and home fashions retailer’s stock worth $347,000 after acquiring an additional 2,197 shares during the last quarter. Norway Savings Bank grew its stake in shares of TJX Companies by 13.4% during the third quarter. Norway Savings Bank now owns 7,520 shares of the apparel and home fashions retailer’s stock worth $496,000 after acquiring an additional 890 shares during the last quarter. Capital Asset Advisory Services LLC grew its stake in shares of TJX Companies by 95.4% during the third quarter. Capital Asset Advisory Services LLC now owns 13,818 shares of the apparel and home fashions retailer’s stock worth $912,000 after acquiring an additional 6,745 shares during the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of TJX Companies by 14.4% during the third quarter. Crossmark Global Holdings Inc. now owns 81,800 shares of the apparel and home fashions retailer’s stock worth $1,832,000 after acquiring an additional 10,272 shares during the last quarter. Finally, Burns J W & Co. Inc. NY grew its stake in shares of TJX Companies by 5.4% during the third quarter. Burns J W & Co. Inc. NY now owns 16,003 shares of the apparel and home fashions retailer’s stock worth $1,056,000 after acquiring an additional 813 shares during the last quarter. Institutional investors own 87.76% of the company’s stock.

Shares of TJX traded up $0.53 during trading hours on Thursday, hitting $71.48. 4,960,394 shares of the stock were exchanged, compared to its average volume of 6,506,922. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.83 and a current ratio of 1.33. The stock’s 50-day moving average price is $67.64 and its two-hundred day moving average price is $68.36. The company has a market cap of $85.96 billion, a price-to-earnings ratio of 34.70, a price-to-earnings-growth ratio of 2.25 and a beta of 0.96. The TJX Companies, Inc. has a 12-month low of $61.15 and a 12-month high of $76.94.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, November 17th. The apparel and home fashions retailer reported $0.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.03. TJX Companies had a return on equity of 49.70% and a net margin of 5.81%. The business had revenue of $12.53 billion for the quarter, compared to analyst estimates of $12.27 billion. During the same quarter in the prior year, the company posted $0.71 EPS. The company’s quarterly revenue was up 23.9% on a year-over-year basis. On average, research analysts expect that The TJX Companies, Inc. will post 2.89 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 2nd. Investors of record on Thursday, November 11th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Tuesday, November 9th. TJX Companies’s payout ratio is 50.49%.

A number of research firms recently commented on TJX. Credit Suisse Group lifted their target price on TJX Companies from $84.00 to $86.00 and gave the stock an “outperform” rating in a report on Thursday, November 18th. Gordon Haskett raised TJX Companies from a “hold” rating to a “buy” rating and lifted their target price for the stock from $73.00 to $84.00 in a report on Thursday, November 11th. MKM Partners lifted their target price on TJX Companies from $79.00 to $87.00 and gave the stock a “buy” rating in a report on Friday, August 20th. Argus reissued a “buy” rating and issued a $86.00 price target (up from $78.00) on shares of TJX Companies in a report on Wednesday, August 25th. Finally, Morgan Stanley raised TJX Companies to a “top pick” rating and boosted their price target for the company from $81.00 to $88.00 in a report on Thursday, November 18th. Five investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, TJX Companies has an average rating of “Buy” and a consensus price target of $83.05.

In other TJX Companies news, CEO Ernie Herrman sold 18,000 shares of the stock in a transaction dated Friday, November 19th. The stock was sold at an average price of $71.59, for a total value of $1,288,620.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.19% of the stock is currently owned by corporate insiders.

TJX Companies Company Profile

The TJX Cos., Inc engages in the retail of off-price apparel and home fashion products. It operates through the following segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The Marmaxx segment sells family apparel including apparel, home fashions, and other merchandise. The HomeGoods segment offers assortment of home fashions, including furniture, rugs, lighting, soft home, decorative accessories, tabletop and cookware as well as expanded pet, kids, and gourmet food departments.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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