The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. reduced its stake in The TJX Companies, Inc. (NYSE:TJX) by 4.4% in the third quarter, HoldingsChannel reports. The fund owned 114,197 shares of the apparel and home fashions retailer’s stock after selling 5,317 shares during the quarter. Hantz Financial Services Inc.’s holdings in TJX Companies were worth $13,423,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in TJX. Hartford Funds Management Co LLC boosted its position in shares of TJX Companies by 0.5% during the 3rd quarter. Hartford Funds Management Co LLC now owns 17,926 shares of the apparel and home fashions retailer’s stock valued at $2,107,000 after acquiring an additional 86 shares in the last quarter. Stablepoint Partners LLC boosted 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 buying an additional 89 shares in the last quarter. Dearborn Partners LLC boosted its position in TJX Companies by 4.0% in the second quarter. Dearborn Partners LLC now owns 2,359 shares of the apparel and home fashions retailer’s stock valued at $260,000 after buying an additional 90 shares in the last quarter. Concorde Asset Management LLC boosted its position in TJX Companies by 2.8% in the second 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 in the last quarter. Finally, Signature Estate & Investment Advisors LLC boosted its position in TJX Companies by 3.4% in the third quarter. Signature Estate & Investment Advisors LLC now owns 2,706 shares of the apparel and home fashions retailer’s stock valued at $318,000 after buying an additional 90 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TJX has been the topic of a number of recent analyst reports. BMO Capital Markets boosted their price target on shares of TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Citigroup lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and boosted their price target for the company from $110.00 to $128.00 in a research report on Thursday, August 22nd. Barclays boosted their price target 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. Bank of America boosted their price target on shares of TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Finally, Jefferies Financial Group boosted their target price on shares of TJX Companies from $130.00 to $140.00 and gave the stock 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 given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $129.47.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the business’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 in the company, valued at approximately $63,018,835.92. The trade was a 2.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Trading Up 0.1 %

TJX opened at $126.36 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The company has a market cap of $142.52 billion, a price-to-earnings ratio of 29.73, a price-to-earnings-growth ratio of 3.11 and a beta of 0.89. The firm has a 50 day simple moving average of $117.14 and a 200 day simple moving average of $113.07. The TJX Companies, Inc. has a fifty-two week low of $87.44 and a fifty-two week high of $128.00.

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 for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. The business had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. TJX Companies’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.03 earnings per share. On average, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s dividend payout ratio is currently 35.29%.

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.