BCGM Wealth Management LLC Sells 13,751 Shares of The TJX Companies, Inc. (NYSE:TJX)

BCGM Wealth Management LLC decreased its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 87.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,058 shares of the apparel and home fashions retailer's stock after selling 13,751 shares during the period. BCGM Wealth Management LLC's holdings in TJX Companies were worth $242,000 at the end of the most recent quarter.

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

TJX Companies Stock Performance

NYSE TJX traded up $0.06 during trading hours on Friday, hitting $119.97. The company had a trading volume of 5,103,496 shares, compared to its average volume of 4,488,200. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21. The company has a market cap of $135.31 billion, a PE ratio of 28.98, a price-to-earnings-growth ratio of 3.04 and a beta of 0.89. The TJX Companies, Inc. has a 1-year low of $87.26 and a 1-year high of $122.10. The business has a 50 day moving average of $116.33 and a 200-day moving average of $111.56.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.04. The firm had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The firm's quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 EPS. As a group, equities research analysts expect that The TJX Companies, Inc. will post 4.14 EPS for the current year.

TJX Companies Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Thursday, November 14th. TJX Companies's dividend payout ratio is presently 36.23%.

Analysts Set New Price Targets

A number of research firms have weighed in on TJX. Jefferies Financial Group upped their target price on TJX Companies from $130.00 to $140.00 and gave the stock 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. Robert W. Baird upped their price target on TJX Companies from $113.00 to $128.00 and gave the company an "outperform" rating in a research note on Thursday, August 22nd. Wells Fargo & Company increased their price objective on TJX Companies from $100.00 to $115.00 and gave the company an "equal weight" rating in a report on Thursday, August 22nd. Finally, UBS Group raised their price target on TJX Companies from $134.00 to $148.00 and gave the company a "buy" rating in a report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, TJX Companies currently has an average rating of "Moderate Buy" and a consensus target price of $127.41.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the company'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 directly owns 536,148 shares in the company, valued at approximately $63,018,835.92. This represents a 2.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.13% of the stock is owned by corporate insiders.

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.