IHT Wealth Management LLC Sells 2,116 Shares of The TJX Companies, Inc. (NYSE:TJX)

IHT Wealth Management LLC cut its holdings in The TJX Companies, Inc. (NYSE:TJX) by 17.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,751 shares of the apparel and home fashions retailer’s stock after selling 2,116 shares during the quarter. IHT Wealth Management LLC’s holdings in TJX Companies were worth $1,178,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in TJX. Norges Bank bought a new position in shares of TJX Companies in the fourth quarter worth about $1,670,565,000. Raymond James Financial Inc. acquired a new stake in shares of TJX Companies in the fourth quarter valued at approximately $570,342,000. Capital Research Global Investors raised its position in TJX Companies by 689.6% in the 4th quarter. Capital Research Global Investors now owns 2,595,085 shares of the apparel and home fashions retailer’s stock worth $313,512,000 after purchasing an additional 2,266,415 shares during the last quarter. DJE Kapital AG acquired a new position in TJX Companies during the 4th quarter worth $140,068,000. Finally, Provident Trust Co. boosted its position in TJX Companies by 71.3% in the 4th quarter. Provident Trust Co. now owns 2,723,149 shares of the apparel and home fashions retailer’s stock valued at $328,984,000 after buying an additional 1,133,486 shares during the last quarter. 91.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Citigroup upgraded TJX Companies from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $128.00 to $140.00 in a research report on Thursday, April 3rd. Robert W. Baird boosted their price objective on TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Barclays raised their target price on shares of TJX Companies from $136.00 to $137.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. BMO Capital Markets boosted their price target on shares of TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Finally, Wells Fargo & Company raised their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. One research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat, TJX Companies currently has a consensus rating of “Moderate Buy” and an average target price of $135.76.

TJX Companies Stock Down 0.1 %

Shares of TJX Companies stock opened at $125.53 on Thursday. The firm has a market cap of $140.23 billion, a PE ratio of 29.54, a P/E/G ratio of 2.75 and a beta of 0.86. The business’s 50 day simple moving average is $121.85 and its 200 day simple moving average is $121.21. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The TJX Companies, Inc. has a 52-week low of $93.39 and a 52-week high of $131.30.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. On average, analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.35%. This is an increase from TJX Companies’s previous quarterly dividend of $0.38. The ex-dividend date is Thursday, May 15th. TJX Companies’s dividend payout ratio is currently 39.91%.

Insider Activity

In related news, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the completion of the transaction, the chief executive officer now directly owns 484,189 shares of the company’s stock, valued at approximately $59,569,772.67. This represents a 4.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total value of $988,240.00. The disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

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.