W.H. Cornerstone Investments Inc. Has $397,000 Stock Position in The TJX Companies, Inc. (NYSE:TJX)

W.H. Cornerstone Investments Inc. cut its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 5.1% in the third quarter, HoldingsChannel reports. The fund owned 3,382 shares of the apparel and home fashions retailer’s stock after selling 180 shares during the quarter. W.H. Cornerstone Investments Inc.’s holdings in TJX Companies were worth $397,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Stablepoint Partners LLC grew its position in TJX Companies by 0.3% during the third quarter. Stablepoint Partners LLC now owns 26,922 shares of the apparel and home fashions retailer’s stock valued at $3,164,000 after purchasing an additional 89 shares in the last quarter. Dearborn Partners LLC grew its holdings in shares of 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 valued at $260,000 after acquiring an additional 90 shares in the last quarter. Concorde Asset Management LLC increased its stake in shares of TJX Companies by 2.8% in the second quarter. Concorde Asset Management LLC now owns 3,330 shares of the apparel and home fashions retailer’s stock worth $367,000 after acquiring an additional 90 shares during the last quarter. Sound Income Strategies LLC raised its holdings in shares of TJX Companies by 3.8% during the third quarter. Sound Income Strategies LLC now owns 2,507 shares of the apparel and home fashions retailer’s stock worth $295,000 after acquiring an additional 91 shares in the last quarter. Finally, Wambolt & Associates LLC boosted its position in TJX Companies by 1.4% during the second quarter. Wambolt & Associates LLC now owns 6,791 shares of the apparel and home fashions retailer’s stock valued at $751,000 after purchasing an additional 94 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Analyst Ratings Changes

TJX has been the subject of a number of recent research reports. Wells Fargo & Company raised their price target 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. Citigroup lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and raised their price objective for the company from $110.00 to $128.00 in a research report on Thursday, August 22nd. Loop Capital increased their price target on shares of TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. UBS Group raised their price target on shares of TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Finally, BMO Capital Markets upped their price objective on shares of TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $126.76.

Insider Buying and Selling

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 transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.13% of the stock is owned by company insiders.

TJX Companies Stock Performance

TJX opened at $112.69 on Tuesday. 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 stock’s 50 day moving average price is $116.27 and its two-hundred day moving average price is $110.21. The firm has a market capitalization of $127.10 billion, a P/E ratio of 27.22, a price-to-earnings-growth ratio of 2.84 and a beta of 0.89. The TJX Companies, Inc. has a 12-month low of $87.26 and a 12-month 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, topping the consensus estimate of $0.92 by $0.04. The business had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. TJX Companies’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the company posted $0.85 earnings per share. On average, equities analysts forecast that The TJX Companies, Inc. will post 4.15 earnings per share for the current year.

TJX Companies Announces Dividend

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

TJX Companies Company 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.