The TJX Companies, Inc. (NYSE:TJX) Holdings Cut by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC decreased its stake in The TJX Companies, Inc. (NYSE:TJX) by 0.2% in the third quarter, Holdings Channel reports. The institutional investor owned 48,684 shares of the apparel and home fashions retailer’s stock after selling 113 shares during the quarter. Kingsview Wealth Management LLC’s holdings in TJX Companies were worth $5,722,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TJX. Gamco Investors INC. ET AL lifted its position in TJX Companies by 12.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 2,800 shares of the apparel and home fashions retailer’s stock worth $284,000 after buying an additional 300 shares in the last quarter. Mount Yale Investment Advisors LLC raised its holdings in shares of TJX Companies by 1.0% during the 1st quarter. Mount Yale Investment Advisors LLC now owns 21,372 shares of the apparel and home fashions retailer’s stock valued at $2,168,000 after purchasing an additional 209 shares in the last quarter. Caxton Associates LP raised its holdings in shares of TJX Companies by 122.7% during the 1st quarter. Caxton Associates LP now owns 15,341 shares of the apparel and home fashions retailer’s stock valued at $1,556,000 after purchasing an additional 8,453 shares in the last quarter. Captrust Financial Advisors raised its holdings in shares of TJX Companies by 6.9% during the 1st quarter. Captrust Financial Advisors now owns 313,029 shares of the apparel and home fashions retailer’s stock valued at $31,747,000 after purchasing an additional 20,070 shares in the last quarter. Finally, Bayesian Capital Management LP bought a new position in shares of TJX Companies during the 1st quarter valued at $4,980,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

NYSE TJX opened at $121.47 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.60. The firm has a market capitalization of $137.00 billion, a price-to-earnings ratio of 28.58, a P/E/G ratio of 3.05 and a beta of 0.89. The company’s fifty day moving average is $116.52 and its two-hundred day moving average is $112.41. The TJX Companies, Inc. has a 52-week low of $87.44 and a 52-week high of $122.10.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.05. The company had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the business posted $1.03 EPS. Equities research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders 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 annualized dividend and a dividend yield of 1.23%. TJX Companies’s dividend payout ratio (DPR) is currently 35.29%.

Insider Activity

In other news, CEO Ernie Herrman sold 15,000 shares of TJX Companies 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 sale, the chief executive officer now directly owns 536,148 shares in the company, valued at approximately $63,018,835.92. The trade was a 2.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.13% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

TJX has been the topic of a number of recent research reports. UBS Group raised their price target on shares of TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Evercore ISI raised their price target on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a report on Thursday. Barclays raised their price target on shares of TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. BMO Capital Markets raised their target price on shares of TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Finally, Bank of America raised their target price on shares of TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $129.47.

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.