The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Hilton Capital Management LLC

Hilton Capital Management LLC lowered its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 28.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 88,274 shares of the apparel and home fashions retailer's stock after selling 35,354 shares during the period. Hilton Capital Management LLC's holdings in TJX Companies were worth $10,376,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TJX. First Trust Direct Indexing L.P. increased its position in TJX Companies by 12.4% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 47,104 shares of the apparel and home fashions retailer's stock valued at $5,537,000 after acquiring an additional 5,207 shares during the period. Price T Rowe Associates Inc. MD increased its position in TJX Companies by 35.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer's stock valued at $1,249,237,000 after acquiring an additional 3,255,849 shares during the period. Swedbank AB increased its position in TJX Companies by 45.9% in the 2nd quarter. Swedbank AB now owns 1,041,982 shares of the apparel and home fashions retailer's stock valued at $114,722,000 after acquiring an additional 327,684 shares during the period. EP Wealth Advisors LLC boosted its stake in TJX Companies by 229.8% during the 2nd quarter. EP Wealth Advisors LLC now owns 221,497 shares of the apparel and home fashions retailer's stock valued at $24,387,000 after purchasing an additional 154,342 shares in the last quarter. Finally, Lombard Odier Asset Management Europe Ltd bought a new position in TJX Companies during the 2nd quarter valued at $2,310,000. Hedge funds and other institutional investors own 91.09% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on TJX shares. Citigroup lowered TJX Companies from a "buy" rating to a "neutral" rating and increased their price target for the company from $110.00 to $128.00 in a research note on Thursday, August 22nd. Robert W. Baird raised their price objective on TJX Companies from $113.00 to $128.00 and gave the stock an "outperform" rating in a research note on Thursday, August 22nd. UBS Group raised their price objective on TJX Companies from $134.00 to $148.00 and gave the stock a "buy" rating in a research note on Thursday, August 22nd. Wells Fargo & Company raised their price objective on TJX Companies from $100.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 22nd. Finally, StockNews.com raised TJX Companies from a "hold" rating to a "buy" rating in a research report on Sunday, September 15th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, TJX Companies presently has a consensus rating of "Moderate Buy" and an average target price of $127.41.

TJX Companies Stock Performance

TJX traded up $0.18 during midday trading on Wednesday, reaching $119.74. The company had a trading volume of 8,872,770 shares, compared to its average volume of 5,247,629. 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 has a market cap of $135.05 billion, a PE ratio of 28.76, a P/E/G ratio of 3.03 and a beta of 0.89. The TJX Companies, Inc. has a 12-month low of $87.44 and a 12-month high of $122.10. The business has a 50-day moving average price of $116.42 and a two-hundred day moving average price of $112.04.

TJX Companies (NYSE:TJX - Get Free Report) last posted its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.05. The business had revenue of $14.06 billion for the quarter, compared to analysts' expectations of $13.95 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The business's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.03 EPS. On average, sell-side analysts expect that The TJX Companies, Inc. will post 4.14 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company 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 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies's dividend payout ratio (DPR) is presently 36.23%.

Insiders Place Their Bets

In other news, CEO Ernie Herrman sold 15,000 shares of the business's stock in a transaction 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 transaction, the chief executive officer now owns 536,148 shares of the company's stock, valued at approximately $63,018,835.92. The trade was a 2.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.