The TJX Companies, Inc. (NYSE:TJX) Position Trimmed by Mill Creek Capital Advisors LLC

Mill Creek Capital Advisors LLC decreased its holdings in The TJX Companies, Inc. (NYSE:TJX) by 18.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,486 shares of the apparel and home fashions retailer’s stock after selling 1,648 shares during the period. Mill Creek Capital Advisors LLC’s holdings in TJX Companies were worth $880,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Richard W. Paul & Associates LLC acquired a new stake in shares of TJX Companies during the 2nd quarter valued at $25,000. Capital Performance Advisors LLP purchased a new stake in shares of TJX Companies during the third quarter worth $29,000. Copeland Capital Management LLC acquired a new stake in TJX Companies during the third quarter valued at $30,000. New Millennium Group LLC purchased a new position in TJX Companies in the second quarter valued at about $34,000. Finally, Northwest Investment Counselors LLC acquired a new position in TJX Companies in the 3rd quarter worth about $37,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the company’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 completion of the sale, the chief executive officer now directly owns 536,148 shares in the company, valued at $63,018,835.92. This represents a 2.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on TJX shares. Morgan Stanley lifted their price target on TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Wells Fargo & Company boosted their target price on shares of TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 22nd. Bank of America increased their price target on shares of TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Robert W. Baird upped their price objective on shares of TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Finally, Citigroup lowered TJX Companies from a “buy” rating to a “neutral” rating and raised their target price for the company from $110.00 to $128.00 in a report on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, TJX Companies has a consensus rating of “Moderate Buy” and an average price target of $127.41.

TJX Companies Stock Performance

NYSE TJX opened at $119.97 on Friday. The TJX Companies, Inc. has a 52-week low of $87.26 and a 52-week high of $122.10. The stock has a market cap of $135.31 billion, a PE ratio of 28.98, a P/E/G ratio of 3.04 and a beta of 0.89. The firm has a 50-day moving average of $116.33 and a 200-day moving average of $111.56. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The company had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.31 billion. During the same quarter last year, the firm earned $0.85 earnings per share. The company’s revenue was up 5.6% on a year-over-year basis. On average, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.14 EPS for the current year.

TJX Companies Announces Dividend

The company 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 of this dividend is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a yield of 1.25%. TJX Companies’s payout ratio is 36.23%.

About TJX Companies

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.