IHT Wealth Management LLC Has $1.18 Million Position in The TJX Companies, Inc. (NYSE:TJX)

IHT Wealth Management LLC decreased its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 17.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,751 shares of the apparel and home fashions retailer's stock after selling 2,116 shares during the quarter. IHT Wealth Management LLC's holdings in TJX Companies were worth $1,178,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in TJX. Bogart Wealth LLC acquired a new stake in TJX Companies in the fourth quarter valued at $25,000. Trivant Custom Portfolio Group LLC bought a new stake in shares of TJX Companies in the 4th quarter valued at about $26,000. SOA Wealth Advisors LLC. bought a new stake in shares of TJX Companies in the 4th quarter valued at about $30,000. Millstone Evans Group LLC acquired a new stake in TJX Companies in the 4th quarter valued at about $30,000. Finally, Promus Capital LLC bought a new position in TJX Companies during the fourth quarter worth about $32,000. Institutional investors own 91.09% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on TJX shares. Barclays upped their price objective on TJX Companies from $136.00 to $137.00 and gave the company an "overweight" rating in a research note on Thursday, February 27th. BMO Capital Markets raised their price target on TJX Companies from $133.00 to $145.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Wells Fargo & Company upped their price objective 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. Telsey Advisory Group restated an "outperform" rating and set a $145.00 target price on shares of TJX Companies in a research note on Thursday, February 27th. Finally, StockNews.com raised shares of TJX Companies from a "hold" rating to a "buy" rating in a report on Wednesday, April 23rd. One research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $137.38.

TJX Companies Trading Down 0.1 %

TJX Companies stock traded down $0.15 during trading hours on Tuesday, hitting $126.98. The stock had a trading volume of 818,281 shares, compared to its average volume of 5,348,382. The stock has a market cap of $141.85 billion, a price-to-earnings ratio of 29.89, a P/E/G ratio of 2.75 and a beta of 0.86. 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 business's 50 day simple moving average is $122.02 and its 200-day simple moving average is $121.60. The TJX Companies, Inc. has a one year low of $93.39 and a one year high of $131.30.

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

TJX Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, May 15th. This is an increase from TJX Companies's previous quarterly dividend of $0.38. This represents a $1.70 annualized dividend and a yield of 1.34%. TJX Companies's payout ratio is presently 39.91%.

Insider Buying and Selling at TJX Companies

In other news, Director Alan M. Bennett sold 8,000 shares of the company's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total value of $988,240.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the transaction, the chief executive officer now directly owns 484,189 shares of the company's stock, valued at $59,569,772.67. This represents a 4.62 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company's stock.

About TJX Companies

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.