South Street Advisors LLC Has $23.51 Million Stock Position in The TJX Companies, Inc. (NYSE:TJX)

South Street Advisors LLC decreased its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 4.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 200,034 shares of the apparel and home fashions retailer’s stock after selling 10,075 shares during the period. TJX Companies accounts for about 3.6% of South Street Advisors LLC’s holdings, making the stock its 6th largest position. South Street Advisors LLC’s holdings in TJX Companies were worth $23,512,000 as of its most recent filing with the SEC.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on TJX shares. Morgan Stanley raised their price objective on shares of TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Citigroup lowered TJX Companies from a “buy” rating to a “neutral” rating and upped their price objective for the company from $110.00 to $128.00 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 report on Thursday, August 22nd. Telsey Advisory Group reiterated an “outperform” rating and issued a $134.00 price target on shares of TJX Companies in a research report on Wednesday. Finally, BMO Capital Markets lifted their price objective on TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $127.41.

TJX Companies Trading Up 0.1 %

TJX traded up $0.06 during mid-day trading on Friday, reaching $119.97. The stock had a trading volume of 5,103,496 shares, compared to its average volume of 4,488,200. The firm’s fifty day simple moving average is $116.33 and its two-hundred day simple moving average is $111.44. The stock has a market capitalization of $135.31 billion, a P/E ratio of 28.98, a P/E/G ratio of 3.03 and a beta of 0.89. The TJX Companies, Inc. has a 52 week low of $87.26 and a 52 week high of $122.10. 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 quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (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 analysts’ expectations of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.85 earnings per share. On average, equities analysts predict that The TJX Companies, Inc. will post 4.14 EPS for the current year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.25%. The ex-dividend date is Thursday, November 14th. TJX Companies’s payout ratio is presently 36.23%.

Insiders Place Their Bets

In related news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were 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 owns 536,148 shares in the company, valued at $63,018,835.92. This represents a 2.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.13% of the company’s stock.

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.