Wealth Advisory Solutions LLC Sells 6,442 Shares of The TJX Companies, Inc. (NYSE:TJX)

Wealth Advisory Solutions LLC lessened its stake in The TJX Companies, Inc. (NYSE:TJX) by 11.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,697 shares of the apparel and home fashions retailer’s stock after selling 6,442 shares during the quarter. TJX Companies accounts for approximately 1.5% of Wealth Advisory Solutions LLC’s holdings, making the stock its 17th biggest position. Wealth Advisory Solutions LLC’s holdings in TJX Companies were worth $5,606,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TJX. Price T Rowe Associates Inc. MD boosted its holdings in shares of TJX Companies by 35.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock worth $1,249,237,000 after buying an additional 3,255,849 shares during the last quarter. PineStone Asset Management Inc. increased its holdings in shares of TJX Companies by 134.2% in the second quarter. PineStone Asset Management Inc. now owns 5,467,797 shares of the apparel and home fashions retailer’s stock worth $602,004,000 after purchasing an additional 3,132,960 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of TJX Companies by 33.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer’s stock valued at $1,347,934,000 after acquiring an additional 3,063,318 shares during the last quarter. Capital Wealth Planning LLC purchased a new position in shares of TJX Companies in the 2nd quarter worth $315,698,000. Finally, Los Angeles Capital Management LLC increased its stake in TJX Companies by 80.6% during the second quarter. Los Angeles Capital Management LLC now owns 2,943,176 shares of the apparel and home fashions retailer’s stock worth $324,044,000 after acquiring an additional 1,313,517 shares during the last quarter. 91.09% of the stock is owned by institutional investors.

Insider Buying and Selling

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 transaction, the chief executive officer now directly 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.13% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Bank of America raised their price objective on shares of TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Citigroup lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $110.00 to $128.00 in a report on Thursday, August 22nd. Barclays increased their price objective on shares of TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Wells Fargo & Company increased their price objective on TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a report on Thursday, August 22nd. Finally, UBS Group raised their target price on shares of TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Three investment 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 a consensus price target of $126.76.

TJX Companies Price Performance

NYSE:TJX traded down $2.61 during trading hours on Monday, hitting $115.10. 2,132,536 shares of the stock were exchanged, compared to its average volume of 5,278,798. The firm’s fifty day moving average price is $116.40 and its 200 day moving average price is $108.74. The TJX Companies, Inc. has a 52-week low of $86.92 and a 52-week high of $121.13. The company has a market cap of $129.82 billion, a P/E ratio of 28.43, a P/E/G ratio of 2.97 and a beta of 0.89. 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) last issued its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, topping the consensus estimate of $0.92 by $0.04. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The firm had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.31 billion. During the same period in the previous year, the business earned $0.85 earnings per share. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. As a group, equities research analysts anticipate that The TJX Companies, Inc. will post 4.15 EPS 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. Investors of record on Thursday, November 14th will be given 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 1.30%. TJX Companies’s payout ratio is presently 36.23%.

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.