Linscomb Wealth Inc. Sells 24,115 Shares of The TJX Companies, Inc. (NYSE:TJX)

Linscomb Wealth Inc. decreased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 54.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,066 shares of the apparel and home fashions retailer's stock after selling 24,115 shares during the quarter. Linscomb Wealth Inc.'s holdings in TJX Companies were worth $2,359,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TJX. Richard W. Paul & Associates LLC acquired a new position in shares of TJX Companies during the second quarter valued at about $25,000. Capital Performance Advisors LLP acquired a new position in TJX Companies in the 3rd quarter valued at approximately $29,000. Copeland Capital Management LLC acquired a new position in TJX Companies in the 3rd quarter valued at 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. Institutional investors and hedge funds own 91.09% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on TJX shares. TD Cowen raised their target price on TJX Companies from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Friday. Loop Capital raised their price objective on shares of TJX Companies from $125.00 to $140.00 and gave the stock a "buy" rating in a report on Thursday, August 22nd. UBS Group upped their target price on shares of TJX Companies from $134.00 to $148.00 and gave the company a "buy" rating in a research note on Thursday, August 22nd. Citigroup cut shares of TJX Companies from a "buy" rating to a "neutral" rating and raised their price target for the stock from $110.00 to $128.00 in a research note on Thursday, August 22nd. Finally, Evercore ISI upped their price objective on TJX Companies from $115.00 to $126.00 and gave the company an "outperform" rating in a research note on Monday, August 19th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat, TJX Companies has an average rating of "Moderate Buy" and an average price target of $127.41.

TJX Companies Price Performance

Shares of TJX stock traded up $0.06 during trading hours on Friday, hitting $119.97. 5,103,496 shares of the company's stock were exchanged, compared to its average volume of 4,488,200. The TJX Companies, Inc. has a 52 week low of $87.26 and a 52 week high of $122.10. The stock has a market cap of $135.31 billion, a price-to-earnings ratio of 28.98, a price-to-earnings-growth ratio of 3.03 and a beta of 0.89. 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's 50-day moving average is $116.33 and its 200-day moving average is $111.44.

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

TJX Companies Dividend Announcement

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

Insiders Place Their Bets

In related news, CEO Ernie Herrman sold 15,000 shares of TJX Companies 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 sale, the chief executive officer now directly owns 536,148 shares in the company, valued at $63,018,835.92. This trade represents a 2.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.13% of the company's stock.

TJX Companies 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.