Waldron Private Wealth LLC Reduces Position in The TJX Companies, Inc. (NYSE:TJX)

Waldron Private Wealth LLC reduced its position in The TJX Companies, Inc. (NYSE:TJX) by 5.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,044 shares of the apparel and home fashions retailer’s stock after selling 706 shares during the quarter. Waldron Private Wealth LLC’s holdings in TJX Companies were worth $1,533,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Valued Wealth Advisors LLC raised its stake in TJX Companies by 260.3% in the first 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. Richard W. Paul & Associates LLC purchased a new position in shares of TJX Companies during the second quarter worth approximately $25,000. Copeland Capital Management LLC purchased a new position in shares of TJX Companies in the third quarter worth $30,000. AlphaMark Advisors LLC increased its stake in shares of TJX Companies by 58.4% in the first quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer’s stock worth $34,000 after buying an additional 122 shares during the period. Finally, New Millennium Group LLC bought a new stake in TJX Companies in the second quarter valued at $34,000. 91.09% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on TJX shares. Jefferies Financial Group boosted their target price 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. TD Cowen boosted their target price on shares of TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Wells Fargo & Company boosted their target price on shares of TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a report on Thursday, August 22nd. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Sunday, September 15th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $128.00 price target on shares of TJX Companies in a research note on Wednesday, August 21st. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $126.76.

TJX Companies Stock Performance

Shares of NYSE TJX traded down $0.31 during midday trading on Tuesday, hitting $115.35. 2,130,728 shares of the company’s stock traded hands, compared to its average volume of 5,275,244. The TJX Companies, Inc. has a 1 year low of $86.92 and a 1 year high of $121.13. The stock has a market capitalization of $130.10 billion, a price-to-earnings ratio of 27.94, a price-to-earnings-growth 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 firm has a fifty day moving average of $116.48 and a 200 day moving average of $108.88.

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

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.30%. TJX Companies’s dividend payout ratio is currently 36.23%.

Insider Activity

In related 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 transaction of $1,763,100.00. Following the sale, the chief executive officer now owns 536,148 shares in the company, valued at approximately $63,018,835.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

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.