Sigma Investment Counselors Inc. Sells 750 Shares of The TJX Companies, Inc. (NYSE:TJX)

Sigma Investment Counselors Inc. cut its position in The TJX Companies, Inc. (NYSE:TJXGet Rating) by 0.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 81,442 shares of the apparel and home fashions retailer’s stock after selling 750 shares during the period. Sigma Investment Counselors Inc.’s holdings in TJX Companies were worth $4,549,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. Gateway Investment Advisers LLC grew its position in TJX Companies by 11.9% during the 1st quarter. Gateway Investment Advisers LLC now owns 15,512 shares of the apparel and home fashions retailer’s stock worth $940,000 after acquiring an additional 1,650 shares during the last quarter. Kestra Private Wealth Services LLC grew its position in shares of TJX Companies by 5.4% in the 1st quarter. Kestra Private Wealth Services LLC now owns 20,234 shares of the apparel and home fashions retailer’s stock valued at $1,226,000 after buying an additional 1,036 shares during the last quarter. Capital Investment Advisors LLC bought a new stake in shares of TJX Companies in the 1st quarter valued at about $120,000. AIA Group Ltd grew its position in shares of TJX Companies by 40.5% in the 1st quarter. AIA Group Ltd now owns 11,735 shares of the apparel and home fashions retailer’s stock valued at $711,000 after buying an additional 3,385 shares during the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund grew its position in shares of TJX Companies by 9.7% in the 1st quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 35,210 shares of the apparel and home fashions retailer’s stock valued at $2,133,000 after buying an additional 3,102 shares during the last quarter. 90.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. upped their target price on TJX Companies from $71.00 to $80.00 in a research report on Friday, September 16th. William Blair restated an “outperform” rating on shares of TJX Companies in a research report on Wednesday, August 17th. The Goldman Sachs Group initiated coverage on TJX Companies in a research note on Tuesday, August 2nd. They set a “neutral” rating and a $70.00 price target on the stock. Cowen upped their price target on TJX Companies from $72.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday, August 18th. Finally, Gordon Haskett downgraded TJX Companies from a “buy” rating to a “hold” rating and dropped their price target for the stock from $67.00 to $60.00 in a research note on Thursday, July 28th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, TJX Companies currently has a consensus rating of “Moderate Buy” and an average price target of $74.94.

Insider Activity

In other news, EVP Louise Greenlees sold 8,822 shares of the stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $68.00, for a total transaction of $599,896.00. Following the transaction, the executive vice president now directly owns 58,335 shares in the company, valued at $3,966,780. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other TJX Companies news, EVP Louise Greenlees sold 8,822 shares of the firm’s stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $68.00, for a total value of $599,896.00. Following the completion of the sale, the executive vice president now directly owns 58,335 shares in the company, valued at $3,966,780. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Carol Meyrowitz sold 70,720 shares of TJX Companies stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $67.62, for a total transaction of $4,782,086.40. Following the sale, the chairman now owns 264,967 shares of the company’s stock, valued at $17,917,068.54. The disclosure for this sale can be found here. In the last three months, insiders have sold 146,375 shares of company stock worth $9,821,034. 0.19% of the stock is currently owned by corporate insiders.

TJX Companies Stock Down 1.4 %

Shares of TJX traded down $0.87 during mid-day trading on Friday, reaching $61.14. The company had a trading volume of 139,683 shares, compared to its average volume of 4,514,089. The TJX Companies, Inc. has a 52 week low of $53.69 and a 52 week high of $77.35. The company has a market capitalization of $70.99 billion, a price-to-earnings ratio of 22.15, a price-to-earnings-growth ratio of 1.93 and a beta of 0.90. The firm has a 50-day moving average price of $63.80 and a 200 day moving average price of $61.65. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.47 and a current ratio of 1.17.

TJX Companies (NYSE:TJXGet Rating) last announced its earnings results on Wednesday, August 17th. The apparel and home fashions retailer reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.02. The business had revenue of $11.84 billion during the quarter, compared to analyst estimates of $12.05 billion. TJX Companies had a net margin of 6.77% and a return on equity of 61.19%. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.79 EPS. On average, sell-side analysts forecast that The TJX Companies, Inc. will post 3.11 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, November 10th will be given a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend is Wednesday, November 9th. TJX Companies’s dividend payout ratio is 42.14%.

TJX Companies Company Profile

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The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; jewelry and accessories; and other merchandise.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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