The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lowered its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 6.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 619,337 shares of the apparel and home fashions retailer's stock after selling 40,803 shares during the period. Wealth Enhancement Advisory Services LLC owned approximately 0.05% of TJX Companies worth $72,797,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Valued Wealth Advisors LLC grew 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 during the last quarter. Richard W. Paul & Associates LLC acquired a new position in shares of TJX Companies during the second quarter valued at about $25,000. Copeland Capital Management LLC purchased a new position in shares of TJX Companies in the 3rd quarter valued at approximately $30,000. AlphaMark Advisors LLC boosted its stake in TJX Companies by 58.4% in the 1st quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer's stock worth $34,000 after purchasing an additional 122 shares in the last quarter. Finally, New Millennium Group LLC purchased a new stake in TJX Companies during the 2nd quarter worth approximately $34,000. Hedge funds and other institutional investors own 91.09% of the company's stock.

TJX Companies Trading Down 0.3 %

NYSE TJX traded down $0.38 during trading hours on Friday, reaching $113.82. The company had a trading volume of 2,686,905 shares, compared to its average volume of 5,254,148. The stock has a 50-day moving average of $116.77 and a 200 day moving average of $109.21. The stock has a market capitalization of $128.37 billion, a P/E ratio of 27.49, a price-to-earnings-growth ratio of 2.91 and a beta of 0.89. The TJX Companies, Inc. has a 1-year low of $86.92 and a 1-year high of $121.13. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37.

TJX Companies (NYSE:TJX - Get Free Report) last posted its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.04. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The firm had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.31 billion. During the same quarter last year, the firm earned $0.85 EPS. The firm's revenue for the quarter was up 5.6% on a year-over-year basis. As a group, research analysts anticipate that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be paid 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 yield of 1.32%. TJX Companies's dividend payout ratio (DPR) is presently 36.23%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Jefferies Financial Group raised their target price on TJX Companies from $130.00 to $140.00 and gave the stock a "buy" rating in a research note on Thursday, August 22nd. Telsey Advisory Group reaffirmed an "outperform" rating and set a $128.00 target price on shares of TJX Companies in a report on Wednesday, August 21st. Robert W. Baird increased their price target on shares of TJX Companies from $113.00 to $128.00 and gave the stock an "outperform" rating in a report on Thursday, August 22nd. TD Cowen raised their price target on shares of TJX Companies from $120.00 to $125.00 and gave the stock a "buy" rating in a research report on Thursday, August 22nd. Finally, Loop Capital upped their price objective on shares of TJX Companies from $125.00 to $140.00 and gave the company a "buy" rating in a report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, TJX Companies currently has an average rating of "Moderate Buy" and an average target price of $126.76.

Insider Transactions at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 536,148 shares of the company's stock, valued at $63,018,835.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 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.