Argus Investors Counsel Inc. Trims Position in The TJX Companies, Inc. (NYSE:TJX)

Argus Investors Counsel Inc. lessened its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 36.4% during the third quarter, HoldingsChannel reports. The firm owned 9,115 shares of the apparel and home fashions retailer’s stock after selling 5,225 shares during the quarter. Argus Investors Counsel Inc.’s holdings in TJX Companies were worth $1,071,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in TJX. Valued Wealth Advisors LLC raised its position in shares of TJX Companies by 260.3% in the 1st quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock worth $25,000 after buying an additional 177 shares during the period. Richard W. Paul & Associates LLC purchased a new position in shares of TJX Companies in the 2nd quarter worth $25,000. Copeland Capital Management LLC purchased a new position in shares of TJX Companies in the 3rd quarter worth $30,000. AlphaMark Advisors LLC raised its position in shares of TJX Companies by 58.4% in the 1st quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer’s stock worth $34,000 after buying an additional 122 shares during the period. Finally, New Millennium Group LLC purchased a new position in shares of TJX Companies in the 2nd quarter worth $34,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on TJX shares. Barclays increased their price target on TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Evercore ISI increased their price target on TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a report on Monday, August 19th. Wells Fargo & Company increased their price target on TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a report on Thursday, August 22nd. Citigroup downgraded TJX Companies from a “buy” rating to a “neutral” rating and increased their price target for the company from $110.00 to $128.00 in a report on Thursday, August 22nd. Finally, TD Cowen increased their price target on TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $126.76.

TJX Companies Stock Down 0.5 %

NYSE:TJX traded down $0.62 during mid-day trading on Tuesday, reaching $115.04. The stock had a trading volume of 816,455 shares, compared to its average volume of 5,268,801. The company has a market capitalization of $129.75 billion, a price-to-earnings ratio of 27.94, a price-to-earnings-growth ratio of 2.97 and a beta of 0.89. The TJX Companies, Inc. has a 1-year low of $86.92 and a 1-year high of $121.13. The stock’s 50 day simple moving average is $116.48 and its two-hundred day simple moving average is $108.88. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60.

TJX Companies (NYSE:TJX) last posted 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 business had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period last year, the firm earned $0.85 earnings per share. Equities analysts anticipate that The TJX Companies, Inc. will post 4.15 EPS for the current year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be issued a $0.375 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a yield of 1.30%. TJX Companies’s dividend payout ratio is currently 36.23%.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 536,148 shares of the company’s stock, valued at $63,018,835.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.13% of the stock is currently owned by corporate insiders.

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.