Douglass Winthrop Advisors LLC Sells 1,606 Shares of The TJX Companies, Inc. (NYSE:TJX)

Douglass Winthrop Advisors LLC lessened its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 65,320 shares of the apparel and home fashions retailer’s stock after selling 1,606 shares during the period. Douglass Winthrop Advisors LLC’s holdings in TJX Companies were worth $7,678,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Richard W. Paul & Associates LLC bought a new stake in TJX Companies in the second quarter valued at $25,000. Capital Performance Advisors LLP acquired a new position in shares of TJX Companies during the third quarter worth approximately $29,000. Copeland Capital Management LLC acquired a new stake in TJX Companies in the 3rd quarter valued at $30,000. New Millennium Group LLC acquired a new position in TJX Companies during the second quarter worth $34,000. Finally, Anfield Capital Management LLC acquired a new position in shares of TJX Companies during the second quarter valued at about $37,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Trading Up 1.4 %

Shares of TJX Companies stock opened at $121.47 on Monday. The stock has a market capitalization of $137.00 billion, a P/E ratio of 28.58, a P/E/G ratio of 2.99 and a beta of 0.89. The TJX Companies, Inc. has a 52-week low of $87.44 and a 52-week high of $122.10. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The stock’s 50-day simple moving average is $116.52 and its 200 day simple moving average is $112.51.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.05. The company had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.03 earnings per share. As a group, research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

Insider Activity at TJX Companies

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 stock was sold at an average price of $117.54, for a total value of $1,763,100.00. Following the completion of the transaction, the chief executive officer now owns 536,148 shares in the company, valued at $63,018,835.92. This trade represents a 2.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on TJX shares. Robert W. Baird boosted their price objective on TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Evercore ISI raised their price objective on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research note on Thursday. StockNews.com lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Friday. Loop Capital lifted their target price on shares of TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Finally, BMO Capital Markets upped their target price on TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Four equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $129.47.

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.