The TJX Companies, Inc. (NYSE:TJX) is South Street Advisors LLC's 6th Largest Position

South Street Advisors LLC lowered its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 4.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 200,034 shares of the apparel and home fashions retailer's stock after selling 10,075 shares during the period. TJX Companies makes up approximately 3.6% of South Street Advisors LLC's portfolio, making the stock its 6th largest position. South Street Advisors LLC's holdings in TJX Companies were worth $23,512,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in TJX. Maxwell Wealth Strategies Inc. grew its position in TJX Companies by 19.9% in the 3rd quarter. Maxwell Wealth Strategies Inc. now owns 27,644 shares of the apparel and home fashions retailer's stock worth $3,145,000 after purchasing an additional 4,590 shares during the period. Natixis Advisors LLC lifted its stake in shares of TJX Companies by 3.8% during the 3rd quarter. Natixis Advisors LLC now owns 1,276,467 shares of the apparel and home fashions retailer's stock valued at $150,036,000 after buying an additional 47,060 shares in the last quarter. Mizuho Securities USA LLC lifted its stake in shares of TJX Companies by 240.3% during the 3rd quarter. Mizuho Securities USA LLC now owns 297,199 shares of the apparel and home fashions retailer's stock valued at $34,933,000 after buying an additional 209,876 shares in the last quarter. Ipswich Investment Management Co. Inc. lifted its stake in shares of TJX Companies by 0.3% during the 3rd quarter. Ipswich Investment Management Co. Inc. now owns 51,121 shares of the apparel and home fashions retailer's stock valued at $6,009,000 after buying an additional 165 shares in the last quarter. Finally, Coastline Trust Co lifted its stake in TJX Companies by 3.2% in the 3rd quarter. Coastline Trust Co now owns 39,980 shares of the apparel and home fashions retailer's stock worth $4,699,000 after purchasing an additional 1,240 shares in the last quarter. Institutional investors own 91.09% of the company's stock.

Insider Buying and Selling at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction that occurred on 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. TD Cowen boosted their price target on shares of TJX Companies from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Friday. BMO Capital Markets upped their price objective on TJX Companies from $116.00 to $133.00 and gave the company an "outperform" rating in a research report on Thursday, August 22nd. Evercore ISI lifted their price target on shares of TJX Companies from $115.00 to $126.00 and gave the company an "outperform" rating in a research note on Monday, August 19th. Loop Capital upped their price objective on shares of TJX Companies from $125.00 to $140.00 and gave the stock a "buy" rating in a research note on Thursday, August 22nd. Finally, Morgan Stanley boosted their price objective on shares of TJX Companies from $122.00 to $129.00 and gave the stock an "overweight" rating in a research note on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $127.41.

TJX Companies Stock Performance

Shares of TJX traded up $0.06 during mid-day trading on Friday, reaching $119.97. The company had a trading volume of 5,103,496 shares, 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 company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $135.31 billion, a P/E ratio of 28.98, a PEG ratio of 3.03 and a beta of 0.89. The stock has a 50 day moving average of $116.33 and a two-hundred day moving average of $111.44.

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 EPS for the quarter, topping analysts' consensus estimates 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 return on equity of 63.19% and a net margin of 8.56%. The company's revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.85 earnings per share. On average, analysts expect that The TJX Companies, Inc. will post 4.14 earnings per share 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 issued 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 dividend yield of 1.25%. TJX Companies's payout ratio is currently 36.23%.

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.