The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Apollon Wealth Management LLC

Apollon Wealth Management LLC trimmed its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,392 shares of the apparel and home fashions retailer’s stock after selling 642 shares during the period. Apollon Wealth Management LLC’s holdings in TJX Companies were worth $3,690,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Stablepoint Partners LLC lifted its position in TJX Companies by 0.3% in the third quarter. Stablepoint Partners LLC now owns 26,922 shares of the apparel and home fashions retailer’s stock valued at $3,164,000 after purchasing an additional 89 shares during the period. Dearborn Partners LLC raised its stake in shares of TJX Companies by 4.0% during the 2nd quarter. Dearborn Partners LLC now owns 2,359 shares of the apparel and home fashions retailer’s stock worth $260,000 after buying an additional 90 shares in the last quarter. Concorde Asset Management LLC lifted its holdings in shares of TJX Companies by 2.8% in the 2nd quarter. Concorde Asset Management LLC now owns 3,330 shares of the apparel and home fashions retailer’s stock valued at $367,000 after buying an additional 90 shares during the period. Sound Income Strategies LLC boosted its stake in shares of TJX Companies by 3.8% in the third quarter. Sound Income Strategies LLC now owns 2,507 shares of the apparel and home fashions retailer’s stock valued at $295,000 after buying an additional 91 shares in the last quarter. Finally, Wambolt & Associates LLC grew its holdings in TJX Companies by 1.4% during the second quarter. Wambolt & Associates LLC now owns 6,791 shares of the apparel and home fashions retailer’s stock worth $751,000 after acquiring an additional 94 shares during the period. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the company’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 transaction 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 approximately $63,018,835.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.13% of the company’s stock.

TJX Companies Stock Performance

NYSE:TJX opened at $119.85 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60. The firm has a market cap of $135.18 billion, a PE ratio of 28.95, a P/E/G ratio of 2.99 and a beta of 0.89. The firm has a 50 day simple moving average of $116.09 and a 200-day simple moving average of $110.97. The TJX Companies, Inc. has a 1-year low of $87.26 and a 1-year high of $121.13.

TJX Companies (NYSE:TJX) last issued its quarterly 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 return on equity of 63.19% and a net margin of 8.56%. The company had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.31 billion. During the same period in the previous year, the firm posted $0.85 EPS. TJX Companies’s revenue was up 5.6% on a year-over-year basis. On average, equities analysts expect that The TJX Companies, Inc. will post 4.14 EPS for the current year.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s dividend payout ratio is currently 36.23%.

Analysts Set New Price Targets

Several equities research analysts have commented on TJX shares. Robert W. Baird boosted their target price on shares of TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Morgan Stanley upped their target price on shares of TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Bank of America boosted their price target on TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a research note on Sunday, September 15th. Finally, TD Cowen lifted their price objective on TJX Companies from $120.00 to $125.00 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, TJX Companies has a consensus rating of “Moderate Buy” and an average target price of $126.76.

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.