NewEdge Wealth LLC Decreases Stake in The TJX Companies, Inc. (NYSE:TJX)

NewEdge Wealth LLC reduced its stake in shares of The TJX Companies, Inc. (NYSE:TJXFree Report) by 9.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 33,894 shares of the apparel and home fashions retailer’s stock after selling 3,471 shares during the period. NewEdge Wealth LLC’s holdings in TJX Companies were worth $3,012,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Glass Jacobson Investment Advisors llc purchased a new position in TJX Companies in the 2nd quarter worth $25,000. Steward Financial Group LLC purchased a new position in TJX Companies in the 2nd quarter worth $26,000. ICA Group Wealth Management LLC purchased a new position in TJX Companies in the 4th quarter worth $27,000. Householder Group Estate & Retirement Specialist LLC purchased a new position in TJX Companies in the 3rd quarter worth $29,000. Finally, Cornerstone Planning Group LLC purchased a new position in TJX Companies in the 2nd quarter worth $33,000. 89.28% of the stock is owned by institutional investors.

TJX Companies Price Performance

Shares of NYSE TJX opened at $96.65 on Tuesday. The TJX Companies, Inc. has a 1 year low of $72.92 and a 1 year high of $98.05. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.19 and a quick ratio of 0.47. The company’s 50-day moving average is $92.70 and its 200 day moving average is $90.42. The stock has a market capitalization of $110.15 billion, a P/E ratio of 27.38, a P/E/G ratio of 2.11 and a beta of 0.86.

TJX Companies (NYSE:TJXGet Free Report) last posted its quarterly earnings data on Wednesday, November 15th. The apparel and home fashions retailer reported $1.03 EPS for the quarter, topping the consensus estimate of $0.99 by $0.04. TJX Companies had a net margin of 7.85% and a return on equity of 62.67%. The business had revenue of $13.27 billion for the quarter, compared to analyst estimates of $13.09 billion. During the same quarter in the previous year, the firm posted $0.86 earnings per share. TJX Companies’s quarterly revenue was up 9.0% on a year-over-year basis. On average, sell-side analysts expect that The TJX Companies, Inc. will post 3.75 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 7th. Stockholders of record on Thursday, February 15th will be paid a $0.3325 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.33 annualized dividend and a dividend yield of 1.38%. TJX Companies’s dividend payout ratio is presently 37.68%.

Insider Transactions at TJX Companies

In other news, CEO Ernie Herrman sold 17,000 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $89.06, for a total value of $1,514,020.00. Following the transaction, the chief executive officer now owns 576,105 shares in the company, valued at $51,307,911.30. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on TJX shares. Telsey Advisory Group lifted their target price on shares of TJX Companies from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Thursday, November 16th. Evercore ISI assumed coverage on shares of TJX Companies in a research report on Tuesday, November 7th. They issued an “outperform” rating and a $105.00 price objective on the stock. UBS Group boosted their price objective on shares of TJX Companies from $90.00 to $91.00 and gave the company a “neutral” rating in a research report on Thursday, November 16th. Redburn Atlantic cut shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price objective on the stock. in a research report on Monday. Finally, Morgan Stanley boosted their price objective on shares of TJX Companies from $99.00 to $101.00 and gave the company an “overweight” rating in a research report on Thursday, November 16th. 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $99.76.

Check Out Our Latest Research Report on TJX

TJX Companies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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