EverSource Wealth Advisors LLC Sells 95 Shares of The TJX Companies, Inc. (NYSE:TJX)

EverSource Wealth Advisors LLC trimmed its holdings in The TJX Companies, Inc. (NYSE:TJX) by 0.5% in the third quarter, Holdings Channel reports. The fund owned 19,610 shares of the apparel and home fashions retailer’s stock after selling 95 shares during the period. EverSource Wealth Advisors LLC’s holdings in TJX Companies were worth $2,305,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CreativeOne Wealth LLC lifted its position in shares of TJX Companies by 139.2% during the 1st quarter. CreativeOne Wealth LLC now owns 16,538 shares of the apparel and home fashions retailer’s stock valued at $1,678,000 after acquiring an additional 9,624 shares during the period. EP Wealth Advisors LLC raised its stake in shares of TJX Companies by 20.6% in the first quarter. EP Wealth Advisors LLC now owns 67,155 shares of the apparel and home fashions retailer’s stock worth $6,811,000 after purchasing an additional 11,483 shares during the last quarter. Cadence Bank purchased a new stake in shares of TJX Companies in the first quarter worth approximately $560,000. Capital Group Private Client Services Inc. increased its position in shares of TJX Companies by 353.7% during the first quarter. Capital Group Private Client Services Inc. now owns 155,596 shares of the apparel and home fashions retailer’s stock valued at $15,781,000 after acquiring an additional 121,300 shares during the last quarter. Finally, Westwood Holdings Group Inc. increased its position in shares of TJX Companies by 58.3% during the first quarter. Westwood Holdings Group Inc. now owns 208,388 shares of the apparel and home fashions retailer’s stock valued at $21,135,000 after acquiring an additional 76,744 shares during the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Stock Up 0.2 %

Shares of NYSE:TJX opened at $119.74 on Thursday. 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 TJX Companies, Inc. has a fifty-two week low of $87.44 and a fifty-two week high of $122.10. The firm’s 50-day simple moving average is $116.46 and its 200-day simple moving average is $112.09. The company has a market cap of $135.05 billion, a price-to-earnings ratio of 28.92, a PEG ratio of 3.03 and a beta of 0.89.

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 (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.05. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The company had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. During the same period in the previous year, the firm earned $1.03 earnings per share. TJX Companies’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, equities research analysts predict that The TJX Companies, Inc. will post 4.14 earnings per share for the current year.

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio is currently 36.23%.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction that occurred on Tuesday, September 10th. The stock was 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. The trade was 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. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TJX shares. Citigroup lowered TJX Companies from a “buy” rating to a “neutral” rating and raised their price target for the stock from $110.00 to $128.00 in a report on Thursday, August 22nd. UBS Group boosted their price target on TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Bank of America boosted their price target on TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Robert W. Baird upped their price objective on TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Finally, Loop Capital boosted their target price on shares of TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, TJX Companies currently has a consensus rating of “Moderate Buy” and an average target price of $127.41.

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.