Crewe Advisors LLC trimmed its holdings in TJX Companies Inc (NYSE:TJX) by 58.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 3,514 shares of the apparel and home fashions retailer’s stock after selling 4,910 shares during the period. Crewe Advisors LLC’s holdings in TJX Companies were worth $196,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. NewFocus Financial Group LLC grew its stake in shares of TJX Companies by 0.6% during the 3rd quarter. NewFocus Financial Group LLC now owns 28,678 shares of the apparel and home fashions retailer’s stock valued at $1,599,000 after purchasing an additional 171 shares during the period. Grimes & Company Inc. grew its stake in shares of TJX Companies by 1.8% during the 3rd quarter. Grimes & Company Inc. now owns 9,886 shares of the apparel and home fashions retailer’s stock valued at $551,000 after purchasing an additional 172 shares during the period. Aries Wealth Management grew its stake in shares of TJX Companies by 3.9% during the 3rd quarter. Aries Wealth Management now owns 4,801 shares of the apparel and home fashions retailer’s stock valued at $281,000 after purchasing an additional 179 shares during the period. Landmark Bank grew its stake in shares of TJX Companies by 0.3% during the 3rd quarter. Landmark Bank now owns 56,348 shares of the apparel and home fashions retailer’s stock valued at $3,141,000 after purchasing an additional 191 shares during the period. Finally, Liberty Wealth Management LLC grew its stake in shares of TJX Companies by 13.5% during the 3rd quarter. Liberty Wealth Management LLC now owns 1,665 shares of the apparel and home fashions retailer’s stock valued at $93,000 after purchasing an additional 198 shares during the period. Institutional investors own 89.33% of the company’s stock.

NYSE TJX opened at $58.55 on Tuesday. The stock’s 50 day moving average is $57.61 and its 200 day moving average is $54.68. The company has a current ratio of 1.25, a quick ratio of 0.48 and a debt-to-equity ratio of 1.88. TJX Companies Inc has a 12 month low of $41.49 and a 12 month high of $60.89. The stock has a market cap of $71.61 billion, a PE ratio of 27.75, a P/E/G ratio of 2.14 and a beta of 0.67.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Tuesday, August 20th. The apparel and home fashions retailer reported $0.62 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.62. TJX Companies had a return on equity of 57.64% and a net margin of 7.66%. The company had revenue of $9.78 billion for the quarter, compared to analysts’ expectations of $9.89 billion. During the same period in the previous year, the firm earned $1.17 EPS. The firm’s revenue was up 4.8% compared to the same quarter last year. On average, analysts forecast that TJX Companies Inc will post 2.61 EPS for the current fiscal year.

The firm also recently declared a — dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be issued a $0.23 dividend. The ex-dividend date is Wednesday, November 13th. This represents a yield of 1.7%. TJX Companies’s dividend payout ratio is presently 43.60%.

TJX has been the subject of a number of recent research reports. MKM Partners set a $62.00 price target on TJX Companies and gave the company a “buy” rating in a research note on Wednesday, August 21st. Royal Bank of Canada began coverage on TJX Companies in a research report on Monday. They set a “sector perform” rating and a $60.00 price objective on the stock. Cowen set a $62.00 price objective on TJX Companies and gave the company a “buy” rating in a research report on Tuesday, August 20th. UBS Group raised TJX Companies from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $41.00 to $58.00 in a research report on Tuesday, September 17th. Finally, Loop Capital lifted their price objective on TJX Companies to $65.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the stock. TJX Companies currently has an average rating of “Buy” and an average target price of $60.61.

About TJX Companies

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; jewelry and accessories; footwear; and other merchandise.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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