The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Spectrum Wealth Counsel LLC

Spectrum Wealth Counsel LLC lowered its holdings in The TJX Companies, Inc. (NYSE:TJX) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 118,286 shares of the apparel and home fashions retailer’s stock after selling 904 shares during the period. TJX Companies makes up 1.7% of Spectrum Wealth Counsel LLC’s portfolio, making the stock its 13th biggest position. Spectrum Wealth Counsel LLC’s holdings in TJX Companies were worth $14,290,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. State Street Corp increased its stake in TJX Companies by 1.0% during the 3rd quarter. State Street Corp now owns 47,556,435 shares of the apparel and home fashions retailer’s stock worth $5,589,783,000 after buying an additional 469,287 shares during the period. Geode Capital Management LLC lifted its stake in shares of TJX Companies by 1.5% in the third quarter. Geode Capital Management LLC now owns 23,857,584 shares of the apparel and home fashions retailer’s stock worth $2,795,121,000 after acquiring an additional 363,707 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in TJX Companies by 7.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,182,564 shares of the apparel and home fashions retailer’s stock valued at $1,079,319,000 after purchasing an additional 643,833 shares during the last quarter. Franklin Resources Inc. grew its stake in TJX Companies by 9.9% during the 3rd quarter. Franklin Resources Inc. now owns 7,271,499 shares of the apparel and home fashions retailer’s stock valued at $837,951,000 after purchasing an additional 657,529 shares in the last quarter. Finally, Nordea Investment Management AB raised its position in shares of TJX Companies by 13.3% in the 4th quarter. Nordea Investment Management AB now owns 7,031,237 shares of the apparel and home fashions retailer’s stock valued at $850,428,000 after purchasing an additional 827,103 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Activity at TJX Companies

In other news, Director Alan M. Bennett sold 8,000 shares of the firm’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.13% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on TJX. Wells Fargo & Company lifted their price target on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. StockNews.com lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Thursday. Morgan Stanley lifted their price target on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Guggenheim lifted their target price on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $135.06.

TJX Companies Trading Up 1.1 %

Shares of NYSE TJX opened at $124.79 on Friday. The firm has a market capitalization of $140.28 billion, a PE ratio of 29.36, a PEG ratio of 2.75 and a beta of 0.91. The TJX Companies, Inc. has a one year low of $92.35 and a one year high of $128.00. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The business has a 50-day moving average price of $122.98 and a two-hundred day moving average price of $119.95.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.07. The firm had revenue of $16.35 billion for the quarter, compared to the consensus estimate of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. As a group, analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 annualized dividend and a dividend yield of 1.20%. TJX Companies’s dividend payout ratio is 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.