The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC decreased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,684 shares of the apparel and home fashions retailer’s stock after selling 113 shares during the quarter. Kingsview Wealth Management LLC’s holdings in TJX Companies were worth $5,722,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Gamco Investors INC. ET AL increased its stake in shares of TJX Companies by 12.0% in the first quarter. Gamco Investors INC. ET AL now owns 2,800 shares of the apparel and home fashions retailer’s stock valued at $284,000 after purchasing an additional 300 shares during the period. Mount Yale Investment Advisors LLC increased its stake in shares of TJX Companies by 1.0% in the first quarter. Mount Yale Investment Advisors LLC now owns 21,372 shares of the apparel and home fashions retailer’s stock valued at $2,168,000 after purchasing an additional 209 shares during the period. Caxton Associates LP increased its stake in shares of TJX Companies by 122.7% in the first quarter. Caxton Associates LP now owns 15,341 shares of the apparel and home fashions retailer’s stock valued at $1,556,000 after purchasing an additional 8,453 shares during the period. Captrust Financial Advisors increased its stake in shares of TJX Companies by 6.9% in the first quarter. Captrust Financial Advisors now owns 313,029 shares of the apparel and home fashions retailer’s stock valued at $31,747,000 after purchasing an additional 20,070 shares during the period. Finally, Bayesian Capital Management LP acquired a new stake in shares of TJX Companies in the first quarter valued at approximately $4,980,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. This trade represents a 2.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.13% of the company’s stock.

TJX Companies Trading Up 1.4 %

Shares of NYSE:TJX opened at $121.47 on Friday. The stock has a market capitalization of $137.00 billion, a price-to-earnings ratio of 28.58, a PEG ratio of 3.05 and a beta of 0.89. The TJX Companies, Inc. has a 1-year low of $87.44 and a 1-year high of $122.10. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.60 and a current ratio of 1.19. The company has a 50 day moving average price of $116.52 and a 200 day moving average price of $112.41.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. During the same period last year, the firm posted $1.03 earnings per share. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio is 35.29%.

Analyst Upgrades and Downgrades

Several brokerages have commented on TJX. Wells Fargo & Company raised their price target on shares of TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a research note on Thursday, August 22nd. Jefferies Financial Group increased their price objective on shares of TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Bank of America increased their price objective on shares of TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Citigroup cut shares of TJX Companies from a “buy” rating to a “neutral” rating and increased their price objective for the company from $110.00 to $128.00 in a report on Thursday, August 22nd. Finally, Robert W. Baird increased their price objective on shares of TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Four research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $129.47.

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.