GHP Investment Advisors Inc. Lowers Holdings in The TJX Companies, Inc. (NYSE:TJX)

by · The Cerbat Gem

GHP Investment Advisors Inc. reduced its position in shares of The TJX Companies, Inc. (NYSE:TJX – Free Report) by 0.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 140,200 shares of the apparel and home fashions retailer’s stock after selling 1,109 shares during the quarter. TJX Companies comprises about 0.8% of GHP Investment Advisors Inc.’s portfolio, making the stock its 29th biggest position. GHP Investment Advisors Inc.’s holdings in TJX Companies were worth $16,479,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of TJX Companies by 1.3% during the first quarter. Vanguard Group Inc. now owns 97,476,558 shares of the apparel and home fashions retailer’s stock valued at $9,886,073,000 after buying an additional 1,269,792 shares during the period. Janus Henderson Group PLC raised its holdings in shares of TJX Companies by 2.7% in the 1st quarter. Janus Henderson Group PLC now owns 13,226,465 shares of the apparel and home fashions retailer’s stock valued at $1,341,392,000 after purchasing an additional 346,938 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of TJX Companies by 35.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock worth $1,249,237,000 after purchasing an additional 3,255,849 shares during the period. Ameriprise Financial Inc. lifted its position in shares of TJX Companies by 33.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer’s stock worth $1,347,934,000 after purchasing an additional 3,063,318 shares during the period. Finally, Jennison Associates LLC boosted its stake in shares of TJX Companies by 3.9% during the first quarter. Jennison Associates LLC now owns 9,392,061 shares of the apparel and home fashions retailer’s stock valued at $952,543,000 after purchasing an additional 351,400 shares in the last quarter. 91.09% of the stock is owned by institutional investors.

Insider Activity

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Morgan Stanley lifted their price target on TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Wells Fargo & Company boosted their target price 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. Robert W. Baird raised their price target on shares of TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Bank of America lifted their price objective on shares of TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Finally, TD Cowen increased their target price on shares of TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $126.76.

Get Our Latest Stock Report on TJX

TJX Companies Stock Performance

Shares of NYSE:TJX traded down $0.38 during trading on Friday, hitting $113.82. The stock had a trading volume of 2,686,905 shares, compared to its average volume of 5,254,148. The stock has a 50-day simple moving average of $116.77 and a two-hundred day simple moving average of $109.21. The stock has a market capitalization of $128.37 billion, a price-to-earnings ratio of 27.49, a price-to-earnings-growth ratio of 2.91 and a beta of 0.89. The TJX Companies, Inc. has a 12-month low of $86.92 and a 12-month high of $121.13. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37.

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 (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.04. The firm had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The firm’s revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.85 earnings per share. On average, equities research analysts expect that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be paid 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 1.32%. TJX Companies’s payout ratio is 36.23%.

About TJX Companies

(Free Report)

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.

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