SYSTM Wealth Solutions LLC Sells 3,008 Shares of The TJX Companies, Inc. (NYSE:TJX)

SYSTM Wealth Solutions LLC cut its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 78.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 808 shares of the apparel and home fashions retailer’s stock after selling 3,008 shares during the period. SYSTM Wealth Solutions LLC’s holdings in TJX Companies were worth $89,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Richard W. Paul & Associates LLC purchased a new stake in TJX Companies in the second quarter worth about $25,000. Valued Wealth Advisors LLC raised its holdings in shares of 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 purchasing an additional 177 shares in the last quarter. Frazier Financial Advisors LLC bought a new stake in shares of TJX Companies in the 4th quarter valued at about $27,000. New Millennium Group LLC purchased a new stake in shares of TJX Companies in the 2nd quarter worth approximately $34,000. Finally, OFI Invest Asset Management bought a new position in shares of TJX Companies during the first quarter valued at approximately $30,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Ernie Herrman sold 15,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.13% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

TJX has been the subject of a number of analyst reports. TD Cowen upped their target price on TJX Companies from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. BMO Capital Markets upped their price objective on TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Jefferies Financial Group lifted their target price on TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Loop Capital increased their price target on shares of TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Finally, Wells Fargo & Company lifted their price objective on shares of TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $126.76.

TJX Companies Stock Up 0.9 %

Shares of TJX stock opened at $118.29 on Friday. The TJX Companies, Inc. has a fifty-two week low of $86.71 and a fifty-two week high of $121.13. The firm has a market capitalization of $133.42 billion, a PE ratio of 29.35, a P/E/G ratio of 3.02 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 50-day simple moving average is $114.76 and its 200-day simple moving average is $106.01.

TJX Companies (NYSE:TJX) last issued its quarterly 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. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The company had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.31 billion. During the same quarter in the prior year, the company earned $0.85 EPS. TJX Companies’s quarterly revenue was up 5.6% on a year-over-year basis. Equities analysts expect that The TJX Companies, Inc. will post 4.15 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.27%. The ex-dividend date is Thursday, November 14th. TJX Companies’s 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.