Sigma Planning Corp Trims Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Sigma Planning Corp lessened its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 11,706 shares of the apparel and home fashions retailer’s stock after selling 148 shares during the quarter. Sigma Planning Corp’s holdings in TJX Companies were worth $1,376,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of TJX. Richard W. Paul & Associates LLC purchased a new stake in TJX Companies in the 2nd quarter valued at $25,000. Capital Performance Advisors LLP purchased a new stake in TJX Companies in the 3rd quarter valued at $29,000. Copeland Capital Management LLC purchased a new stake in TJX Companies in the 3rd quarter valued at $30,000. New Millennium Group LLC purchased a new stake in TJX Companies in the 2nd quarter valued at $34,000. Finally, Anfield Capital Management LLC purchased a new stake in TJX Companies in the 2nd quarter valued at $37,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Up 1.5 %

TJX stock opened at $119.85 on Wednesday. The TJX Companies, Inc. has a twelve month low of $87.26 and a twelve month high of $121.13. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $135.18 billion, a P/E ratio of 28.95, a PEG ratio of 2.98 and a beta of 0.89. The firm has a 50 day simple moving average of $116.09 and a 200-day simple moving average of $110.97.

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. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The firm had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.31 billion. During the same period last year, the business posted $0.85 earnings per share. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, equities 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.25%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is presently 36.23%.

Wall Street Analyst Weigh In

TJX has been the subject of several research reports. BMO Capital Markets upped their price target on shares of TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Wells Fargo & Company boosted their price objective on shares of TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a research note on Thursday, August 22nd. Morgan Stanley boosted their price objective on shares of TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Citigroup cut shares of TJX Companies from a “buy” rating to a “neutral” rating and upped their price target for the stock from $110.00 to $128.00 in a research note on Thursday, August 22nd. Finally, TD Cowen boosted their price objective on shares of TJX Companies from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, TJX Companies presently has an average rating of “Moderate Buy” and a consensus target price of $126.76.

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction on 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.13% of the stock is currently owned by company insiders.

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.