Mount Yale Investment Advisors LLC Sells 3,882 Shares of The TJX Companies, Inc. (NYSE:TJX)

Mount Yale Investment Advisors LLC cut its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 18.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,590 shares of the apparel and home fashions retailer’s stock after selling 3,882 shares during the period. Mount Yale Investment Advisors LLC’s holdings in TJX Companies were worth $2,068,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of the company. New Mexico Educational Retirement Board grew its holdings in TJX Companies by 15.9% during the 1st quarter. New Mexico Educational Retirement Board now owns 69,380 shares of the apparel and home fashions retailer’s stock valued at $7,037,000 after purchasing an additional 9,500 shares during the last quarter. Advisors Capital Management LLC lifted its stake in shares of TJX Companies by 3.7% during the 1st quarter. Advisors Capital Management LLC now owns 572,324 shares of the apparel and home fashions retailer’s stock worth $58,045,000 after acquiring an additional 20,629 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in TJX Companies by 9.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 136,798 shares of the apparel and home fashions retailer’s stock valued at $13,874,000 after acquiring an additional 11,447 shares during the period. Chatham Capital Group Inc. increased its stake in TJX Companies by 101.9% in the first quarter. Chatham Capital Group Inc. now owns 15,150 shares of the apparel and home fashions retailer’s stock worth $1,537,000 after purchasing an additional 7,648 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of TJX Companies by 35.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock worth $1,249,237,000 after purchasing an additional 3,255,849 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on TJX shares. TD Cowen boosted their price objective on shares of TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Jefferies Financial Group raised their price objective on TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a report on Sunday, September 15th. UBS Group boosted 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, Bank of America lifted their price objective on shares of TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. 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, TJX Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.76.

Insider Activity at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the sale, the chief executive officer now directly owns 536,148 shares in the company, valued at $63,018,835.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.13% of the company’s stock.

TJX Companies Trading Down 0.0 %

Shares of NYSE:TJX opened at $114.19 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60. The firm has a market capitalization of $128.79 billion, a P/E ratio of 27.58, a P/E/G ratio of 2.91 and a beta of 0.89. The business’s 50-day moving average is $116.67 and its 200 day moving average is $109.05. The TJX Companies, Inc. has a 1 year low of $86.92 and a 1 year high of $121.13.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. The company had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The firm’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.85 EPS. On average, research analysts predict that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a yield of 1.31%. TJX Companies’s dividend payout ratio is presently 36.23%.

TJX Companies 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.