The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Berry Wealth Group LP

Berry Wealth Group LP trimmed its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 14.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,971 shares of the apparel and home fashions retailer’s stock after selling 691 shares during the quarter. Berry Wealth Group LP’s holdings in TJX Companies were worth $467,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Valued Wealth Advisors LLC increased its stake in shares of TJX Companies by 260.3% during the first quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock worth $25,000 after buying an additional 177 shares during the period. Richard W. Paul & Associates LLC acquired a new stake in shares of TJX Companies in the 2nd quarter valued at $25,000. OFI Invest Asset Management acquired a new stake in shares of TJX Companies in the 1st quarter valued at $30,000. AlphaMark Advisors LLC lifted its position in shares of TJX Companies by 58.4% during 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 during the last quarter. Finally, New Millennium Group LLC acquired a new position in shares of TJX Companies during the second quarter worth $34,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

TJX has been the topic of a number of analyst reports. Telsey Advisory Group restated an “outperform” rating and issued a $128.00 price target on shares of TJX Companies in a research note on Wednesday, August 21st. Citigroup lowered TJX Companies from a “buy” rating to a “neutral” rating and raised their target price for the stock from $110.00 to $128.00 in a research report on Thursday, August 22nd. Wells Fargo & Company upped their price target on TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a report on Thursday, August 22nd. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Sunday, September 15th. Finally, Evercore ISI upped their target price on shares of TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a report on Monday, August 19th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, TJX Companies currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.76.

TJX Companies Stock Performance

TJX stock traded down $2.28 during trading on Monday, hitting $115.43. The company had a trading volume of 2,667,788 shares, compared to its average volume of 5,281,730. The firm has a 50-day moving average price of $116.40 and a 200-day moving average price of $108.74. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37. The firm has a market cap of $130.19 billion, a PE ratio of 28.43, a price-to-earnings-growth ratio of 2.97 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.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The business had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. During the same quarter in the previous year, the company posted $0.85 earnings per share. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, analysts expect that The TJX Companies, Inc. will post 4.15 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, December 5th. Stockholders of record on Thursday, November 14th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is presently 36.23%.

Insider Activity

In related news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the completion of the transaction, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at $63,018,835.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.13% of the company’s stock.

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.