The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Endowment Wealth Management Inc.

Endowment Wealth Management Inc. decreased its position in The TJX Companies, Inc. (NYSE:TJX) by 6.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,688 shares of the apparel and home fashions retailer’s stock after selling 173 shares during the quarter. Endowment Wealth Management Inc.’s holdings in TJX Companies were worth $316,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Richard W. Paul & Associates LLC acquired a new position in shares of TJX Companies in the 2nd quarter worth approximately $25,000. Capital Performance Advisors LLP acquired a new position in TJX Companies during the 3rd quarter valued at approximately $29,000. Copeland Capital Management LLC acquired a new position in TJX Companies during the 3rd quarter valued at approximately $30,000. New Millennium Group LLC acquired a new position in TJX Companies during the 2nd quarter valued at approximately $34,000. Finally, Northwest Investment Counselors LLC acquired a new position in TJX Companies during the 3rd quarter valued at approximately $37,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Transactions at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of the business’s stock in a transaction on 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 directly owns 536,148 shares of the company’s stock, valued at $63,018,835.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is owned by insiders.

TJX Companies Stock Up 1.1 %

TJX opened at $121.19 on Thursday. The TJX Companies, Inc. has a one year low of $87.26 and a one year high of $121.92. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21. The stock’s fifty day moving average is $116.21 and its 200-day moving average is $111.21. The company has a market capitalization of $136.69 billion, a PE ratio of 29.27, a P/E/G ratio of 3.03 and a beta of 0.89.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The company had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.31 billion. During the same quarter in the previous year, the business earned $0.85 EPS. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, equities analysts predict that The TJX Companies, Inc. will post 4.14 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business 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. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is presently 36.23%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on TJX shares. Barclays boosted their price objective on TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Jefferies Financial Group boosted their price objective on TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. BMO Capital Markets boosted their price objective on TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Robert W. Baird boosted their price objective on TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Finally, UBS Group boosted their price objective on TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $127.12.

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.