Silverlake Wealth Management LLC Decreases Holdings in The TJX Companies, Inc. (NYSE:TJX)

Silverlake Wealth Management LLC lowered its stake in The TJX Companies, Inc. (NYSE:TJX) by 16.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,011 shares of the apparel and home fashions retailer’s stock after selling 991 shares during the period. Silverlake Wealth Management LLC’s holdings in TJX Companies were worth $589,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Dearborn Partners LLC boosted its position in shares of TJX Companies by 4.0% during 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 buying an additional 90 shares during the period. Concorde Asset Management LLC lifted its holdings in TJX Companies by 2.8% during 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 buying an additional 90 shares in the last quarter. Wambolt & Associates LLC boosted its position 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 during the period. Armbruster Capital Management Inc. raised its position in TJX Companies by 4.9% during the 2nd quarter. Armbruster Capital Management Inc. now owns 2,097 shares of the apparel and home fashions retailer’s stock valued at $231,000 after purchasing an additional 97 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its stake in shares of TJX Companies by 1.5% during 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 purchasing an additional 97 shares in the last quarter. 91.09% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Ernie Herrman sold 15,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the completion of the sale, the chief executive officer now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is currently owned by company insiders.

TJX Companies Stock Performance

TJX Companies stock traded up $1.14 during mid-day trading on Friday, hitting $113.73. The company had a trading volume of 3,865,588 shares, compared to its average volume of 4,549,033. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $128.27 billion, a price-to-earnings ratio of 27.47, a P/E/G ratio of 2.85 and a beta of 0.89. The company’s fifty day moving average is $115.64 and its 200-day moving average is $108.03. The TJX Companies, Inc. has a 12-month low of $86.92 and a 12-month high of $121.13.

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, topping analysts’ consensus estimates of $0.92 by $0.04. The firm had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.85 earnings per share. Equities research analysts predict that The TJX Companies, Inc. will post 4.15 EPS for the current year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s payout ratio is 36.23%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Loop Capital lifted their price objective on shares of TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. UBS Group increased their price objective on TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. TD Cowen boosted their target price on TJX Companies from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Jefferies Financial Group raised their price target on TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Finally, Bank of America increased their price objective on shares of TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $126.76.

About TJX Companies

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.