CreativeOne Wealth LLC Sells 6,613 Shares of The TJX Companies, Inc. (NYSE:TJX)

CreativeOne Wealth LLC decreased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 35.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,959 shares of the apparel and home fashions retailer's stock after selling 6,613 shares during the period. CreativeOne Wealth LLC's holdings in TJX Companies were worth $1,445,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of TJX Companies during the 4th quarter worth approximately $1,670,565,000. Raymond James Financial Inc. acquired a new position in TJX Companies during the fourth quarter worth $570,342,000. DJE Kapital AG bought a new position in shares of TJX Companies during the fourth quarter valued at $140,068,000. Provident Trust Co. boosted its stake in shares of TJX Companies by 71.3% in the 4th quarter. Provident Trust Co. now owns 2,723,149 shares of the apparel and home fashions retailer's stock valued at $328,984,000 after purchasing an additional 1,133,486 shares in the last quarter. Finally, Capital Wealth Planning LLC grew its holdings in shares of TJX Companies by 39.1% in the 4th quarter. Capital Wealth Planning LLC now owns 3,658,245 shares of the apparel and home fashions retailer's stock worth $441,953,000 after purchasing an additional 1,027,456 shares during the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 23,428 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total value of $2,882,346.84. Following the completion of the sale, the chief executive officer now owns 484,189 shares in the company, valued at $59,569,772.67. This represents a 4.62 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Alan M. Bennett sold 8,000 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total value of $988,240.00. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

TJX has been the subject of several analyst reports. Wells Fargo & Company lifted their price target on shares of TJX Companies from $115.00 to $120.00 and gave the company an "equal weight" rating in a report on Friday, January 10th. Barclays boosted their target price on TJX Companies from $136.00 to $137.00 and gave the stock an "overweight" rating in a report on Thursday, February 27th. Robert W. Baird raised their price target on TJX Companies from $138.00 to $140.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Morgan Stanley boosted their price objective on TJX Companies from $130.00 to $135.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 21st. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $145.00 target price on shares of TJX Companies in a research note on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat, TJX Companies presently has an average rating of "Moderate Buy" and an average price target of $135.76.

TJX Companies Trading Up 0.9 %

TJX stock traded up $1.20 during midday trading on Friday, reaching $127.51. The company's stock had a trading volume of 5,554,218 shares, compared to its average volume of 5,386,001. The business's 50-day simple moving average is $121.84 and its 200-day simple moving average is $121.01. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $131.30. The stock has a market cap of $142.44 billion, a PE ratio of 30.00, a price-to-earnings-growth ratio of 2.75 and a beta of 0.86.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.07. The business had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. As a group, sell-side analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.33%. This is an increase from TJX Companies's previous quarterly dividend of $0.38. The ex-dividend date is Thursday, May 15th. TJX Companies's dividend payout ratio (DPR) is currently 39.91%.

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.