Prio Wealth Limited Partnership Sells 921 Shares of The TJX Companies, Inc. (NYSE:TJX)

Prio Wealth Limited Partnership trimmed its holdings in The TJX Companies, Inc. (NYSE:TJX) by 0.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 110,473 shares of the apparel and home fashions retailer’s stock after selling 921 shares during the quarter. Prio Wealth Limited Partnership’s holdings in TJX Companies were worth $12,163,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Richard W. Paul & Associates LLC acquired a new position in shares of TJX Companies during the second quarter valued at about $25,000. Valued Wealth Advisors LLC raised its holdings in TJX Companies by 260.3% in the 1st quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock valued at $25,000 after acquiring an additional 177 shares in the last quarter. New Millennium Group LLC bought a new stake in shares of TJX Companies in the 2nd quarter worth approximately $34,000. OFI Invest Asset Management acquired a new stake in shares of TJX Companies during the 1st quarter worth approximately $30,000. Finally, AlphaMark Advisors LLC increased its position in shares of TJX Companies by 58.4% during the first quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer’s stock valued at $34,000 after purchasing an additional 122 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of TJX stock opened at $116.64 on Wednesday. The TJX Companies, Inc. has a 52 week low of $86.71 and a 52 week high of $121.13. The stock has a market capitalization of $131.55 billion, a PE ratio of 28.94, a PEG ratio of 2.97 and a beta of 0.89. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21. The stock’s fifty day moving average is $115.40 and its 200-day moving average is $107.29.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The firm had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. During the same quarter in the prior year, the firm earned $0.85 EPS. The company’s revenue was up 5.6% on a year-over-year basis. Equities research analysts expect that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal 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 $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio is currently 37.22%.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction 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 directly owns 536,148 shares in the company, valued at approximately $63,018,835.92. 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.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Bank of America raised their target price on TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Sunday, September 15th. BMO Capital Markets upped their target price on shares of TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Evercore ISI increased their price target on shares of TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. Finally, Robert W. Baird lifted their price objective on TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.76.

TJX Companies 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.