Marcum Wealth LLC Sells 1,039 Shares of The TJX Companies, Inc. (NYSE:TJX)

Marcum Wealth LLC lessened its stake in The TJX Companies, Inc. (NYSE:TJX) by 14.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,051 shares of the apparel and home fashions retailer’s stock after selling 1,039 shares during the quarter. Marcum Wealth LLC’s holdings in TJX Companies were worth $711,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Dearborn Partners LLC grew its position in shares of 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 purchasing an additional 90 shares during the last quarter. Concorde Asset Management LLC boosted its stake in TJX Companies by 2.8% in the 2nd quarter. Concorde Asset Management LLC now owns 3,330 shares of the apparel and home fashions retailer’s stock valued at $367,000 after purchasing an additional 90 shares during the period. Wambolt & Associates LLC grew its holdings in TJX Companies by 1.4% in the 2nd quarter. Wambolt & Associates LLC now owns 6,791 shares of the apparel and home fashions retailer’s stock valued at $751,000 after buying an additional 94 shares in the last quarter. Armbruster Capital Management Inc. lifted its holdings in shares of TJX Companies by 4.9% during the second quarter. Armbruster Capital Management Inc. now owns 2,097 shares of the apparel and home fashions retailer’s stock worth $231,000 after buying an additional 97 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its position in shares of TJX Companies by 1.5% in the third quarter. Massmutual Trust Co. FSB ADV now owns 6,477 shares of the apparel and home fashions retailer’s stock valued at $761,000 after acquiring an additional 97 shares during the period. 91.09% of the stock is owned by institutional investors.

TJX Companies Stock Performance

TJX Companies stock opened at $112.59 on Friday. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37. The stock has a market cap of $126.99 billion, a PE ratio of 27.20, a P/E/G ratio of 2.88 and a beta of 0.89. The TJX Companies, Inc. has a 12-month low of $86.92 and a 12-month high of $121.13. The business’s 50-day moving average price is $115.65 and its two-hundred day moving average price is $107.89.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.04. The company had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The firm’s revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.85 EPS. As a group, analysts expect that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.375 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.50 annualized dividend and a dividend yield of 1.33%. TJX Companies’s dividend payout ratio (DPR) is presently 36.23%.

Insider Activity

In related 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 owns 536,148 shares in the company, valued at $63,018,835.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.13% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on TJX shares. TD Cowen raised their price target on shares of TJX Companies from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Robert W. Baird lifted their price target on shares of TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Bank of America boosted their price target on TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Citigroup lowered TJX Companies from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $110.00 to $128.00 in a research note on Thursday, August 22nd. Finally, BMO Capital Markets upped their target price on TJX Companies from $116.00 to $133.00 and gave the company an “outperform” 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $126.76.

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.