The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Wealth Effects LLC

Wealth Effects LLC lowered its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 7.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 3,345 shares of the apparel and home fashions retailer’s stock after selling 250 shares during the quarter. Wealth Effects LLC’s holdings in TJX Companies were worth $393,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD grew its holdings in shares of TJX Companies by 35.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock valued at $1,249,237,000 after purchasing an additional 3,255,849 shares during the period. PineStone Asset Management Inc. increased its holdings in shares of TJX Companies by 134.2% during the 2nd quarter. PineStone Asset Management Inc. now owns 5,467,797 shares of the apparel and home fashions retailer’s stock worth $602,004,000 after buying an additional 3,132,960 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of TJX Companies by 33.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer’s stock valued at $1,347,934,000 after buying an additional 3,063,318 shares during the period. Capital Wealth Planning LLC acquired a new position in TJX Companies in the second quarter valued at approximately $315,698,000. Finally, Los Angeles Capital Management LLC grew its position in TJX Companies by 80.6% in the second quarter. Los Angeles Capital Management LLC now owns 2,943,176 shares of the apparel and home fashions retailer’s stock worth $324,044,000 after acquiring an additional 1,313,517 shares during the period. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TJX. Telsey Advisory Group restated an “outperform” rating and issued a $128.00 target price on shares of TJX Companies in a research report on Wednesday, August 21st. Bank of America boosted their price objective on shares of TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. UBS Group lifted their price target on shares of TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Jefferies Financial Group upped their price objective on shares of TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Finally, BMO Capital Markets increased their price objective on shares of TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $126.76.

TJX Companies Stock Down 2.0 %

NYSE TJX traded down $2.39 on Monday, hitting $115.32. 2,505,070 shares of the stock were exchanged, compared to its average volume of 5,280,528. The TJX Companies, Inc. has a fifty-two week low of $86.92 and a fifty-two week high of $121.13. The company has a 50-day moving average price of $116.40 and a 200-day moving average price of $108.74. 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 company has a market cap of $130.07 billion, a PE ratio of 28.43, a PEG ratio of 2.97 and a beta of 0.89.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, beating the consensus estimate of $0.92 by $0.04. The firm had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. TJX Companies’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.85 earnings per share. Sell-side analysts anticipate that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s payout ratio is 36.23%.

Insider Activity at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the completion of the sale, the chief executive officer now owns 536,148 shares in the company, valued at approximately $63,018,835.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is currently owned by corporate insiders.

TJX Companies Company 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.