Keyes Stange & Wooten Wealth Management LLC Reduces Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Keyes Stange & Wooten Wealth Management LLC reduced its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 9.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,971 shares of the apparel and home fashions retailer’s stock after selling 217 shares during the quarter. Keyes Stange & Wooten Wealth Management LLC’s holdings in TJX Companies were worth $232,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Richard W. Paul & Associates LLC purchased a new stake in TJX Companies in the 2nd quarter worth approximately $25,000. Capital Performance Advisors LLP purchased a new stake in shares of TJX Companies in the third quarter valued at $29,000. Copeland Capital Management LLC acquired a new position in TJX Companies in the third quarter valued at $30,000. New Millennium Group LLC purchased a new position in TJX Companies during the second quarter worth about $34,000. Finally, Northwest Investment Counselors LLC acquired a new stake in TJX Companies in the 3rd quarter worth about $37,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Jefferies Financial Group increased their price objective on shares of TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Barclays lifted their price target on shares of TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Loop Capital upped their price objective on TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. BMO Capital Markets lifted their target price on TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Finally, Robert W. Baird upped their price target on TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $129.47.

Insider Buying and Selling at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were 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 directly owns 536,148 shares of the company’s stock, valued at $63,018,835.92. This represents a 2.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.13% of the stock is owned by insiders.

TJX Companies Trading Up 1.4 %

TJX opened at $121.47 on Friday. The firm’s 50 day moving average is $116.52 and its 200-day moving average is $112.31. The TJX Companies, Inc. has a 52-week low of $87.44 and a 52-week high of $122.10. The company has a quick ratio of 0.60, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $137.00 billion, a P/E ratio of 28.58, a P/E/G ratio of 3.01 and a beta of 0.89.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. During the same quarter in the previous year, the firm posted $1.03 EPS. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. Analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s dividend payout ratio is currently 35.29%.

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.