Marks Group Wealth Management Inc Trims Holdings in The TJX Companies, Inc. (NYSE:TJX)

Marks Group Wealth Management Inc lowered its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 77,213 shares of the apparel and home fashions retailer’s stock after selling 308 shares during the period. Marks Group Wealth Management Inc’s holdings in TJX Companies were worth $9,076,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Global Wealth Management Investment Advisory Inc. raised its position in shares of TJX Companies by 1.3% during the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 14,230 shares of the apparel and home fashions retailer’s stock valued at $1,673,000 after purchasing an additional 180 shares during the period. Pittenger & Anderson Inc. raised its holdings in TJX Companies by 4.2% during the third quarter. Pittenger & Anderson Inc. now owns 197,757 shares of the apparel and home fashions retailer’s stock valued at $23,244,000 after acquiring an additional 7,927 shares during the period. Amalgamated Bank lifted its position in shares of TJX Companies by 4.8% in the third quarter. Amalgamated Bank now owns 249,083 shares of the apparel and home fashions retailer’s stock valued at $29,277,000 after acquiring an additional 11,329 shares in the last quarter. Central Bank & Trust Co. boosted its stake in shares of TJX Companies by 0.9% in the third quarter. Central Bank & Trust Co. now owns 17,186 shares of the apparel and home fashions retailer’s stock worth $2,020,000 after acquiring an additional 152 shares during the period. Finally, Greenwood Capital Associates LLC grew its position in shares of TJX Companies by 1,620.3% during the third quarter. Greenwood Capital Associates LLC now owns 31,911 shares of the apparel and home fashions retailer’s stock worth $3,751,000 after purchasing an additional 30,056 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total value of $1,763,100.00. Following the transaction, the chief executive officer now owns 536,148 shares of the company’s stock, valued at $63,018,835.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TJX. Citigroup cut TJX Companies from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $110.00 to $128.00 in a report on Thursday, August 22nd. Jefferies Financial Group upped their target price on shares of TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a research 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 report on Thursday, August 22nd. Robert W. Baird boosted their price target on shares of TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Finally, Barclays raised their price objective on TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $126.76.

TJX Companies Stock Up 1.0 %

NYSE TJX opened at $113.78 on Wednesday. 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 52 week low of $87.26 and a 52 week high of $121.13. The firm has a market capitalization of $128.33 billion, a price-to-earnings ratio of 27.48, a PEG ratio of 2.85 and a beta of 0.89. The company has a fifty day moving average of $116.14 and a two-hundred day moving average of $110.35.

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

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a yield of 1.32%. TJX Companies’s dividend payout ratio is currently 36.23%.

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.