Sigma Investment Counselors Inc. Sells 750 Shares of The TJX Companies, Inc. (NYSE:TJX)

Sigma Investment Counselors Inc. trimmed its holdings in shares of The TJX Companies, Inc. (NYSE:TJXGet Rating) by 0.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 81,442 shares of the apparel and home fashions retailer’s stock after selling 750 shares during the quarter. Sigma Investment Counselors Inc.’s holdings in TJX Companies were worth $4,549,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. HB Wealth Management LLC raised its position in TJX Companies by 57.9% in the 2nd quarter. HB Wealth Management LLC now owns 15,942 shares of the apparel and home fashions retailer’s stock worth $890,000 after purchasing an additional 5,843 shares during the period. Meyer Handelman Co. increased its position in shares of TJX Companies by 8.4% during the second quarter. Meyer Handelman Co. now owns 127,675 shares of the apparel and home fashions retailer’s stock worth $7,131,000 after acquiring an additional 9,890 shares during the period. Ritholtz Wealth Management boosted its stake in shares of TJX Companies by 23.4% during the second quarter. Ritholtz Wealth Management now owns 7,719 shares of the apparel and home fashions retailer’s stock valued at $431,000 after purchasing an additional 1,463 shares in the last quarter. Miracle Mile Advisors LLC boosted its stake in shares of TJX Companies by 21.4% during the second quarter. Miracle Mile Advisors LLC now owns 4,444 shares of the apparel and home fashions retailer’s stock valued at $248,000 after purchasing an additional 782 shares in the last quarter. Finally, IFM Investors Pty Ltd boosted its stake in TJX Companies by 9.1% in the second quarter. IFM Investors Pty Ltd now owns 204,659 shares of the apparel and home fashions retailer’s stock valued at $11,430,000 after acquiring an additional 17,063 shares in the last quarter. 90.42% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other TJX Companies news, Chairman Carol Meyrowitz sold 70,720 shares of the business’s stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $67.62, for a total transaction of $4,782,086.40. Following the sale, the chairman now owns 264,967 shares in the company, valued at approximately $17,917,068.54. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, Chairman Carol Meyrowitz sold 70,720 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $67.62, for a total value of $4,782,086.40. Following the completion of the sale, the chairman now owns 264,967 shares of the company’s stock, valued at approximately $17,917,068.54. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Ernie Herrman sold 50,282 shares of the company’s stock in a transaction that occurred on Thursday, September 8th. The stock was sold at an average price of $65.90, for a total value of $3,313,583.80. Following the sale, the chief executive officer now directly owns 696,439 shares of the company’s stock, valued at approximately $45,895,330.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 146,375 shares of company stock worth $9,821,034. 0.19% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on TJX shares. Morgan Stanley raised their target price on shares of TJX Companies from $75.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, August 18th. Gordon Haskett cut shares of TJX Companies from a “buy” rating to a “hold” rating and decreased their price target for the stock from $67.00 to $60.00 in a report on Thursday, July 28th. StockNews.com lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a research report on Thursday, July 28th. JPMorgan Chase & Co. lifted their target price on shares of TJX Companies from $71.00 to $80.00 in a research report on Friday, September 16th. Finally, Cowen boosted their price target on shares of TJX Companies from $72.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday, August 18th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.94.

TJX Companies Trading Down 1.4 %

NYSE TJX traded down $0.87 during mid-day trading on Friday, hitting $61.14. The company’s stock had a trading volume of 139,683 shares, compared to its average volume of 4,514,089. The TJX Companies, Inc. has a 52-week low of $53.69 and a 52-week high of $77.35. The stock’s fifty day simple moving average is $63.80 and its two-hundred day simple moving average is $61.65. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.17 and a quick ratio of 0.47. The firm has a market capitalization of $70.99 billion, a P/E ratio of 22.15, a price-to-earnings-growth ratio of 1.93 and a beta of 0.90.

TJX Companies (NYSE:TJXGet Rating) last posted its quarterly earnings data on Wednesday, August 17th. The apparel and home fashions retailer reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.02. The company had revenue of $11.84 billion for the quarter, compared to analyst estimates of $12.05 billion. TJX Companies had a net margin of 6.77% and a return on equity of 61.19%. The business’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.79 earnings per share. Research analysts expect that The TJX Companies, Inc. will post 3.11 EPS for the current year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, November 10th will be issued a $0.295 dividend. This represents a $1.18 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend is Wednesday, November 9th. TJX Companies’s payout ratio is currently 42.14%.

About TJX Companies

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The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; jewelry and accessories; and other merchandise.

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

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