Horizon Wealth Management LLC Sells 985 Shares of The TJX Companies, Inc. (NYSE:TJX)

Horizon Wealth Management LLC lowered its holdings in The TJX Companies, Inc. (NYSE:TJX) by 16.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,832 shares of the apparel and home fashions retailer’s stock after selling 985 shares during the quarter. Horizon Wealth Management LLC’s holdings in TJX Companies were worth $568,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of TJX Companies by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 97,476,558 shares of the apparel and home fashions retailer’s stock valued at $9,886,073,000 after purchasing an additional 1,269,792 shares during the last quarter. Janus Henderson Group PLC increased its holdings in TJX Companies by 2.7% in the first quarter. Janus Henderson Group PLC now owns 13,226,465 shares of the apparel and home fashions retailer’s stock valued at $1,341,392,000 after buying an additional 346,938 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in TJX Companies by 35.9% in the 1st 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 purchasing an additional 3,255,849 shares during the period. Ameriprise Financial Inc. raised its stake 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 worth $1,347,934,000 after buying an additional 3,063,318 shares during the period. Finally, Jennison Associates LLC raised its position in TJX Companies by 3.9% during the first quarter. Jennison Associates LLC now owns 9,392,061 shares of the apparel and home fashions retailer’s stock worth $952,543,000 after acquiring an additional 351,400 shares during the period. Institutional investors own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

TJX has been the topic of several research reports. Barclays raised their target price on TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. BMO Capital Markets lifted their price target on TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Jefferies Financial Group lifted their price target on shares of TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Citigroup cut TJX Companies from a “buy” rating to a “neutral” rating and increased their price target for the stock from $110.00 to $128.00 in a report on Thursday, August 22nd. Finally, UBS Group increased their target price on shares of TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, TJX Companies presently has an average rating of “Moderate Buy” and an average target price of $126.76.

TJX Companies Trading Up 0.5 %

Shares of NYSE:TJX opened at $117.39 on Thursday. The TJX Companies, Inc. has a 52 week low of $86.92 and a 52 week high of $121.13. The company’s 50 day moving average is $116.11 and its two-hundred day moving average is $108.41. The company has a market cap of $132.40 billion, a PE ratio of 28.36, a P/E/G ratio of 2.91 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 earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.04. The business had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the company earned $0.85 EPS. Equities analysts predict that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be paid a dividend of $0.375 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.50 annualized dividend and a yield of 1.28%. TJX Companies’s dividend payout ratio is currently 36.23%.

Insider Activity at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction dated Tuesday, September 10th. The stock was 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 owns 536,148 shares in the company, valued at approximately $63,018,835.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is owned by corporate insiders.

TJX Companies Company 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.