Sterling Investment Advisors Ltd. Takes Position in The TJX Companies, Inc. (NYSE:TJX)

Sterling Investment Advisors Ltd. bought a new position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 5,026 shares of the apparel and home fashions retailer's stock, valued at approximately $591,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Valued Wealth Advisors LLC grew its holdings in shares of TJX Companies by 260.3% during the first quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer's stock worth $25,000 after purchasing an additional 177 shares during the last quarter. Richard W. Paul & Associates LLC acquired a new position in TJX Companies during the second quarter worth approximately $25,000. Copeland Capital Management LLC purchased a new stake in TJX Companies in the third quarter valued at approximately $30,000. AlphaMark Advisors LLC boosted its holdings in shares of TJX Companies by 58.4% in the first quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer's stock valued at $34,000 after acquiring an additional 122 shares during the period. Finally, New Millennium Group LLC purchased a new position in shares of TJX Companies during the second quarter worth approximately $34,000. Hedge funds and other institutional investors own 91.09% of the company's stock.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the completion of the transaction, the chief executive officer now owns 536,148 shares of the company's stock, valued at $63,018,835.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.13% of the stock is owned by corporate insiders.

TJX Companies Price Performance

Shares of NYSE:TJX traded down $0.38 on Friday, reaching $113.82. 2,686,905 shares of the company were exchanged, compared to its average volume of 5,254,148. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37. The TJX Companies, Inc. has a 1-year low of $86.92 and a 1-year high of $121.13. The company has a 50-day moving average of $116.77 and a 200-day moving average of $109.29. The firm has a market cap of $128.63 billion, a price-to-earnings ratio of 28.24, a price-to-earnings-growth ratio of 2.91 and a beta of 0.89.

TJX Companies (NYSE:TJX - Get Free Report) last issued its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.04. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The company had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. During the same period in the prior year, the business posted $0.85 earnings per share. The firm's revenue for the quarter was up 5.6% compared to the same quarter last year. Equities analysts forecast that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal 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 given a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a yield of 1.32%. TJX Companies's payout ratio is 37.22%.

Analyst Ratings Changes

Several analysts recently commented on the stock. Morgan Stanley upped their price target on shares of TJX Companies from $122.00 to $129.00 and gave the company an "overweight" rating in a research report on Thursday, August 22nd. Barclays increased their target price on shares of TJX Companies from $114.00 to $136.00 and gave the stock an "overweight" rating in a research note on Thursday, August 22nd. Bank of America upped their price objective on TJX Companies from $115.00 to $135.00 and gave the company a "buy" rating in a research note on Thursday, August 22nd. Robert W. Baird increased their price objective on TJX Companies from $113.00 to $128.00 and gave the stock an "outperform" rating in a research report on Thursday, August 22nd. Finally, Wells Fargo & Company boosted their target price on TJX Companies from $100.00 to $115.00 and gave the company an "equal weight" rating in a report on Thursday, August 22nd. Three 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, TJX Companies has an average rating of "Moderate Buy" and a consensus price target of $126.76.

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.