The TJX Companies, Inc. (NYSE:TJX) Stock Position Lowered by Aprio Wealth Management LLC

Aprio Wealth Management LLC lowered its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 9.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,979 shares of the apparel and home fashions retailer’s stock after selling 197 shares during the quarter. Aprio Wealth Management LLC’s holdings in TJX Companies were worth $233,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

TJX has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their target price on TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 22nd. Morgan Stanley boosted their price objective on TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Loop Capital upped their price objective 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. Citigroup downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $110.00 to $128.00 in a research report on Thursday, August 22nd. Finally, Evercore ISI upped their price target on shares of TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $126.76.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total value of $1,763,100.00. Following the completion of the sale, the chief executive officer now directly owns 536,148 shares in the company, valued at approximately $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 SEC, which is accessible through this link. 0.13% of the stock is currently owned by company insiders.

TJX Companies Trading Up 1.2 %

NYSE TJX opened at $113.45 on Wednesday. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37. The TJX Companies, Inc. has a 1-year low of $86.92 and a 1-year high of $121.13. The firm’s fifty day simple moving average is $115.63 and its 200-day simple moving average is $107.75. The company has a market capitalization of $127.96 billion, a PE ratio of 28.15, a price-to-earnings-growth ratio of 2.90 and a beta of 0.89.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.04. The company 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%. The business’s revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.85 EPS. As a group, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.32%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio is 37.22%.

About TJX Companies

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.