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

Destination Wealth Management decreased its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 273,139 shares of the apparel and home fashions retailer's stock after selling 8,531 shares during the quarter. Destination Wealth Management's holdings in TJX Companies were worth $32,105,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ORG Partners LLC lifted its position in TJX Companies by 2,327.2% during the second quarter. ORG Partners LLC now owns 1,966 shares of the apparel and home fashions retailer's stock valued at $218,000 after purchasing an additional 1,885 shares during the period. Cornerstone Wealth Management LLC lifted its holdings in shares of TJX Companies by 26.1% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 5,744 shares of the apparel and home fashions retailer's stock valued at $632,000 after buying an additional 1,188 shares during the period. SteelPeak Wealth LLC boosted its stake in shares of TJX Companies by 11.1% in the 2nd quarter. SteelPeak Wealth LLC now owns 3,470 shares of the apparel and home fashions retailer's stock worth $382,000 after buying an additional 348 shares during the last quarter. Westside Investment Management Inc. grew its holdings in shares of TJX Companies by 43.7% in the second quarter. Westside Investment Management Inc. now owns 431 shares of the apparel and home fashions retailer's stock worth $47,000 after acquiring an additional 131 shares during the period. Finally, Mcdonald Partners LLC increased its position in TJX Companies by 4.4% during the second quarter. Mcdonald Partners LLC now owns 2,344 shares of the apparel and home fashions retailer's stock valued at $258,000 after acquiring an additional 99 shares during the last quarter. Institutional investors own 91.09% of the company's stock.

TJX Companies Stock Performance

Shares of TJX Companies stock traded down $0.39 during midday trading on Thursday, hitting $126.42. The company had a trading volume of 4,727,721 shares, compared to its average volume of 5,243,246. The company has a fifty day simple moving average of $118.68 and a 200 day simple moving average of $114.84. The stock has a market cap of $142.12 billion, a price-to-earnings ratio of 29.84, a PEG ratio of 3.13 and a beta of 0.90. 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 12-month low of $88.58 and a 12-month high of $128.00.

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

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be paid a dividend of $0.375 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.19%. TJX Companies's payout ratio is currently 35.29%.

Analyst Upgrades and Downgrades

TJX has been the topic of several research reports. Deutsche Bank Aktiengesellschaft raised their target price on TJX Companies from $130.00 to $131.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. BMO Capital Markets boosted their price objective on TJX Companies from $116.00 to $133.00 and gave the company an "outperform" rating in a research note on Thursday, August 22nd. Morgan Stanley upped their target price on shares of TJX Companies from $122.00 to $129.00 and gave the stock an "overweight" rating in a report on Thursday, August 22nd. UBS Group increased their target price on TJX Companies from $134.00 to $148.00 and gave the stock a "buy" rating in a research report on Thursday, August 22nd. Finally, Robert W. Baird lifted their price target on shares of TJX Companies from $133.00 to $138.00 and gave the company an "outperform" rating in a report on Thursday, December 5th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, TJX Companies presently has a consensus rating of "Moderate Buy" and a consensus target price of $130.89.

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.