Nicolet Advisory Services LLC Sells 654 Shares of The TJX Companies, Inc. (NYSE:TJX)

Nicolet Advisory Services LLC lessened its stake in The TJX Companies, Inc. (NYSE:TJX) by 2.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,159 shares of the apparel and home fashions retailer’s stock after selling 654 shares during the quarter. Nicolet Advisory Services LLC’s holdings in TJX Companies were worth $2,895,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. GenTrust LLC purchased a new position in shares of TJX Companies during the 3rd quarter valued at $384,000. Meridian Wealth Management LLC purchased a new stake in TJX Companies during the third quarter valued at about $888,000. Icon Wealth Advisors LLC boosted its position in TJX Companies by 138.5% during the third quarter. Icon Wealth Advisors LLC now owns 7,271 shares of the apparel and home fashions retailer’s stock worth $855,000 after purchasing an additional 4,223 shares during the period. Biltmore Family Office LLC purchased a new position in shares of TJX Companies in the third quarter worth about $225,000. Finally, Raymond James Trust N.A. raised its position in shares of TJX Companies by 1.7% in the third quarter. Raymond James Trust N.A. now owns 63,587 shares of the apparel and home fashions retailer’s stock valued at $7,474,000 after purchasing an additional 1,035 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Up 1.4 %

Shares of NYSE TJX opened at $121.47 on Friday. The TJX Companies, Inc. has a one year low of $87.44 and a one year high of $122.10. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.60. The firm’s 50 day simple moving average is $116.52 and its two-hundred day simple moving average is $112.31. The stock has a market capitalization of $137.00 billion, a P/E ratio of 28.58, a PEG ratio of 3.01 and a beta of 0.89.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, beating the consensus estimate of $1.09 by $0.05. The company had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.03 EPS. As a group, analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.23%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio is presently 35.29%.

Analyst Upgrades and Downgrades

TJX has been the subject of a number of recent research reports. Evercore ISI lifted their price objective on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research note on Thursday. TD Cowen boosted their price objective on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Friday. Wells Fargo & Company raised their target price on TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 22nd. Barclays lifted their target price on TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Finally, Morgan Stanley increased their price target on shares of TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Four equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, TJX Companies has a consensus rating of “Moderate Buy” and a consensus price target of $129.47.

Insider Buying and Selling

In other TJX Companies 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 value of $1,763,100.00. Following the transaction, the chief executive officer now owns 536,148 shares in the company, valued at approximately $63,018,835.92. The trade was a 2.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is owned by corporate insiders.

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.