Forte Capital LLC ADV Reduces Position in The TJX Companies, Inc. (NYSE:TJX)

Forte Capital LLC ADV decreased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 172,395 shares of the apparel and home fashions retailer’s stock after selling 6,826 shares during the quarter. TJX Companies comprises about 2.3% of Forte Capital LLC ADV’s portfolio, making the stock its 11th biggest holding. Forte Capital LLC ADV’s holdings in TJX Companies were worth $20,263,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Richard W. Paul & Associates LLC acquired a new position in TJX Companies in the second quarter valued at about $25,000. Copeland Capital Management LLC acquired a new position in TJX Companies in the third quarter valued at about $30,000. New Millennium Group LLC acquired a new position in TJX Companies in the second quarter valued at about $34,000. Northwest Investment Counselors LLC acquired a new position in TJX Companies in the third quarter valued at about $37,000. Finally, Anfield Capital Management LLC acquired a new position in TJX Companies in the second quarter valued at about $37,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

Shares of TJX Companies stock opened at $115.63 on Thursday. The firm has a market capitalization of $130.42 billion, a P/E ratio of 27.93, a P/E/G ratio of 2.85 and a beta of 0.89. The TJX Companies, Inc. has a 52 week low of $87.26 and a 52 week high of $121.13. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37. The firm’s 50 day moving average is $116.07 and its two-hundred day moving average is $110.39.

TJX Companies (NYSE:TJX) last announced its quarterly 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 company had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The firm’s revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.85 earnings per share. Research analysts forecast that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s payout ratio is currently 36.23%.

Insider Activity

In other news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on TJX. Jefferies Financial Group upped their target price on shares of TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Sunday, September 15th. Citigroup lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $110.00 to $128.00 in a research note on Thursday, August 22nd. Telsey Advisory Group reiterated an “outperform” rating and set a $128.00 price target on shares of TJX Companies in a research note on Wednesday, August 21st. Finally, UBS Group boosted their price target on shares of TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.