Icon Wealth Advisors LLC Has $410,000 Stake in The TJX Companies, Inc. (NYSE:TJX)

Icon Wealth Advisors LLC boosted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 14.4% during the third quarter, HoldingsChannel.com reports. The firm owned 3,487 shares of the apparel and home fashions retailer’s stock after acquiring an additional 439 shares during the period. Icon Wealth Advisors LLC’s holdings in TJX Companies were worth $410,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in TJX. Richard W. Paul & Associates LLC acquired a new position in shares of TJX Companies in the second quarter worth $25,000. Capital Performance Advisors LLP acquired a new position in TJX Companies in the third quarter worth approximately $29,000. Truvestments Capital LLC acquired a new position in TJX Companies in the third quarter worth approximately $29,000. Copeland Capital Management LLC bought a new position in TJX Companies during the third quarter valued at approximately $30,000. Finally, New Millennium Group LLC acquired a new stake in TJX Companies in the second quarter valued at approximately $34,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. BMO Capital Markets increased their price target on shares of TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Barclays raised their target price on TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Wells Fargo & Company upped their price target on TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 22nd. UBS Group raised their price objective on TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Finally, Citigroup cut TJX Companies from a “buy” rating to a “neutral” rating and upped their target price for the stock from $110.00 to $128.00 in a research report on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.47.

TJX Companies Stock Down 0.5 %

Shares of TJX stock opened at $125.69 on Friday. The stock has a market cap of $141.76 billion, a P/E ratio of 29.57, a price-to-earnings-growth ratio of 3.11 and a beta of 0.89. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The stock has a fifty day moving average price of $117.29 and a 200 day moving average price of $113.26. The TJX Companies, Inc. has a one year low of $87.44 and a one year high of $128.00.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. During the same period in the previous year, the business earned $1.03 earnings per share. The company’s quarterly revenue was up 6.0% on a year-over-year basis. Analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders 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 annualized dividend and a yield of 1.19%. TJX Companies’s dividend payout ratio is currently 35.29%.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. This represents a 2.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.13% of the company’s stock.

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.