Sather Financial Group Inc Has $5.60 Million Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Sather Financial Group Inc lowered its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.5% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 47,634 shares of the apparel and home fashions retailer’s stock after selling 726 shares during the period. TJX Companies accounts for approximately 0.4% of Sather Financial Group Inc’s holdings, making the stock its 27th largest position. Sather Financial Group Inc’s holdings in TJX Companies were worth $5,599,000 at the end of the most recent quarter.

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 shares of TJX Companies during the second quarter worth approximately $25,000. Capital Performance Advisors LLP acquired a new stake in shares of TJX Companies in the third quarter valued at approximately $29,000. Copeland Capital Management LLC acquired a new position in TJX Companies during the third quarter valued at approximately $30,000. New Millennium Group LLC acquired a new position in TJX Companies during the second quarter valued at approximately $34,000. Finally, Anfield Capital Management LLC acquired a new position in TJX Companies during the second quarter valued at approximately $37,000. Institutional investors own 91.09% of the company’s stock.

Insider Activity

In related news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. This trade represents a 2.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is currently owned by company insiders.

Analyst Ratings Changes

TJX has been the subject of several research analyst reports. Barclays upped their price target on shares of TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Telsey Advisory Group reiterated an “outperform” rating and set a $134.00 price target on shares of TJX Companies in a report on Wednesday. Wells Fargo & Company upped their price target on shares of TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a report on Thursday, August 22nd. Jefferies Financial Group upped their price target on shares of TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Finally, Evercore ISI upped their price target on shares of TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, TJX Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $127.41.

TJX Companies Stock Performance

Shares of TJX opened at $119.97 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60. The stock has a 50-day moving average of $116.33 and a 200-day moving average of $111.56. The company 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 TJX Companies, Inc. has a one year low of $87.26 and a one year high of $122.10.

TJX Companies (NYSE:TJX) last issued 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 company had revenue of $13.47 billion during 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 firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period last year, the business posted $0.85 EPS. On average, equities research analysts predict that The TJX Companies, Inc. will post 4.14 EPS for the current fiscal year.

TJX Companies Dividend Announcement

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