The TJX Companies, Inc. (NYSE:TJX) Stake Reduced by Oak Harbor Wealth Partners LLC

Oak Harbor Wealth Partners LLC cut its holdings in The TJX Companies, Inc. (NYSE:TJX) by 4.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,938 shares of the apparel and home fashions retailer’s stock after selling 359 shares during the quarter. Oak Harbor Wealth Partners LLC’s holdings in TJX Companies were worth $815,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TJX. Tokio Marine Asset Management Co. Ltd. raised its holdings in TJX Companies by 1.5% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 189,313 shares of the apparel and home fashions retailer’s stock worth $22,252,000 after buying an additional 2,790 shares during the period. Metis Global Partners LLC raised its holdings in TJX Companies by 4.1% during the 3rd quarter. Metis Global Partners LLC now owns 48,834 shares of the apparel and home fashions retailer’s stock worth $5,740,000 after buying an additional 1,904 shares during the period. Bretton Capital Management LLC acquired a new stake in TJX Companies during the 3rd quarter worth about $5,524,000. Zions Bancorporation N.A. raised its holdings in TJX Companies by 18.8% during the 3rd quarter. Zions Bancorporation N.A. now owns 15,327 shares of the apparel and home fashions retailer’s stock worth $1,802,000 after buying an additional 2,425 shares during the period. Finally, Huntington National Bank raised its holdings in TJX Companies by 5.7% during the 3rd quarter. Huntington National Bank now owns 535,805 shares of the apparel and home fashions retailer’s stock worth $62,979,000 after buying an additional 28,883 shares during the period. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Stock Down 0.7 %

TJX opened at $119.91 on Friday. The business has a 50 day moving average price of $116.21 and a 200 day moving average price of $111.21. The TJX Companies, Inc. has a twelve month low of $87.26 and a twelve month high of $122.10. 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 firm has a market cap of $135.24 billion, a P/E ratio of 28.96, a price-to-earnings-growth ratio of 3.06 and a beta of 0.89.

TJX Companies (NYSE:TJX) last posted 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. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The firm had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.31 billion. During the same period in the previous year, the company earned $0.85 EPS. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. Research analysts forecast that The TJX Companies, Inc. will post 4.14 EPS for the current year.

TJX Companies Announces Dividend

The firm 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 of this dividend is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.25%. TJX Companies’s dividend payout ratio (DPR) is presently 36.23%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Loop Capital boosted their price objective on TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. UBS Group boosted their price objective on TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $134.00 target price on shares of TJX Companies in a research note on Wednesday. Evercore ISI lifted their target price on TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. Finally, Bank of America lifted their target price on TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $127.12.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was 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 2.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

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.