Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Reduces Holdings in The TJX Companies, Inc. (NYSE:TJX)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lowered its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,392,328 shares of the apparel and home fashions retailer’s stock after selling 41,889 shares during the period. TJX Companies accounts for about 2.4% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s investment portfolio, making the stock its 14th largest position. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned about 0.21% of TJX Companies worth $273,204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its stake in TJX Companies by 17.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 424,656 shares of the apparel and home fashions retailer’s stock worth $43,069,000 after buying an additional 61,677 shares during the period. Valeo Financial Advisors LLC increased its holdings in shares of TJX Companies by 3.0% during the first quarter. Valeo Financial Advisors LLC now owns 25,264 shares of the apparel and home fashions retailer’s stock valued at $2,562,000 after acquiring an additional 743 shares in the last quarter. Norden Group LLC purchased a new stake in TJX Companies in the first quarter valued at approximately $3,760,000. First Trust Direct Indexing L.P. boosted its position in TJX Companies by 10.3% in the first quarter. First Trust Direct Indexing L.P. now owns 35,455 shares of the apparel and home fashions retailer’s stock valued at $3,596,000 after buying an additional 3,312 shares during the last quarter. Finally, Tempus Wealth Planning LLC boosted its position in TJX Companies by 4.1% in the first quarter. Tempus Wealth Planning LLC now owns 10,940 shares of the apparel and home fashions retailer’s stock valued at $1,110,000 after buying an additional 430 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 536,148 shares in the company, valued at $63,018,835.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is owned by insiders.

TJX Companies Stock Down 0.3 %

Shares of NYSE:TJX traded down $0.37 during mid-day trading on Wednesday, hitting $113.74. 140,822 shares of the company traded hands, compared to its average volume of 5,210,127. The firm has a market cap of $128.28 billion, a P/E ratio of 27.56, a PEG ratio of 2.88 and a beta of 0.89. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21. The TJX Companies, Inc. has a 52-week low of $87.22 and a 52-week high of $121.13. The firm’s 50 day simple moving average is $116.82 and its 200 day simple moving average is $109.65.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, beating the consensus estimate of $0.92 by $0.04. The business had revenue of $13.47 billion for 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 was up 5.6% on a year-over-year basis. During the same period last year, the business posted $0.85 EPS. On average, 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 disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.375 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a yield of 1.32%. TJX Companies’s dividend payout ratio (DPR) is presently 36.23%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Jefferies Financial Group increased their target price on TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Robert W. Baird increased their price objective on TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. UBS Group raised their target price on TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Loop Capital raised their target price on TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $128.00 price objective on shares of TJX Companies in a research note on Wednesday, August 21st. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, TJX Companies has a consensus rating of “Moderate Buy” and an average target price of $126.76.

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.