Bartlett & CO. Wealth Management LLC Sells 57,121 Shares of The TJX Companies, Inc. (NYSE:TJX)

Bartlett & CO. Wealth Management LLC trimmed its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 4.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,102,539 shares of the apparel and home fashions retailer’s stock after selling 57,121 shares during the period. TJX Companies comprises 1.9% of Bartlett & CO. Wealth Management LLC’s holdings, making the stock its 12th largest position. Bartlett & CO. Wealth Management LLC’s holdings in TJX Companies were worth $129,593,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TJX. Valued Wealth Advisors LLC raised its holdings in shares of TJX Companies by 260.3% in the 1st quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock valued at $25,000 after purchasing an additional 177 shares during the period. Richard W. Paul & Associates LLC bought a new stake in TJX Companies in the 2nd quarter valued at $25,000. OFI Invest Asset Management acquired a new stake in TJX Companies during the 1st quarter valued at $30,000. AlphaMark Advisors LLC increased its holdings in shares of TJX Companies by 58.4% in the first quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer’s stock valued at $34,000 after purchasing an additional 122 shares during the last quarter. Finally, New Millennium Group LLC bought a new position in shares of TJX Companies in the second quarter valued at about $34,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other TJX Companies 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 value of $1,763,100.00. Following the completion of the transaction, the chief executive officer now directly owns 536,148 shares in the company, valued at approximately $63,018,835.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.13% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on TJX shares. Wells Fargo & Company upped their price target on shares of TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a research note on Thursday, August 22nd. UBS Group boosted their target price on shares of TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. TD Cowen lifted their price target on shares of TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Bank of America increased their price target on TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Finally, Barclays upped 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. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $126.76.

TJX Companies Stock Performance

Shares of TJX Companies stock opened at $117.71 on Friday. The company’s 50 day moving average price is $116.40 and its two-hundred day moving average price is $108.60. The firm has a market capitalization of $133.03 billion, a P/E ratio of 29.21, a P/E/G ratio of 2.91 and a beta of 0.89. 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 TJX Companies, Inc. has a fifty-two week low of $86.92 and a fifty-two week high of $121.13.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates 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%. TJX Companies’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 EPS. On average, equities analysts forecast that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The firm 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 $0.375 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a yield of 1.27%. TJX Companies’s dividend payout ratio (DPR) is presently 37.22%.

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.