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

Oak Harbor Wealth Partners LLC reduced its holdings in The TJX Companies, Inc. (NYSE:TJX) by 1.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,817 shares of the apparel and home fashions retailer’s stock after selling 121 shares during the quarter. Oak Harbor Wealth Partners LLC’s holdings in TJX Companies were worth $824,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in TJX. Howard Capital Management Group LLC increased its position in shares of TJX Companies by 42.9% during the 3rd quarter. Howard Capital Management Group LLC now owns 231,481 shares of the apparel and home fashions retailer’s stock valued at $27,208,000 after purchasing an additional 69,489 shares during the period. Graypoint LLC increased its position in shares of TJX Companies by 5.8% during the 3rd quarter. Graypoint LLC now owns 8,352 shares of the apparel and home fashions retailer’s stock valued at $982,000 after purchasing an additional 458 shares during the period. Principal Financial Group Inc. increased its position in shares of TJX Companies by 3.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,964,220 shares of the apparel and home fashions retailer’s stock valued at $230,874,000 after purchasing an additional 69,064 shares during the period. Kornitzer Capital Management Inc. KS increased its position in shares of TJX Companies by 15.1% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 12,172 shares of the apparel and home fashions retailer’s stock valued at $1,431,000 after purchasing an additional 1,595 shares during the period. Finally, Portside Wealth Group LLC increased its position in shares of TJX Companies by 18.1% during the 3rd quarter. Portside Wealth Group LLC now owns 2,176 shares of the apparel and home fashions retailer’s stock valued at $256,000 after purchasing an additional 334 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Price Performance

TJX opened at $119.18 on Friday. The stock has a market cap of $133.98 billion, a price-to-earnings ratio of 28.04, a PEG ratio of 2.75 and a beta of 0.96. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The stock has a fifty day moving average price of $122.77 and a 200 day moving average price of $120.32.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. Analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th were issued a dividend of $0.375 per share. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.50 annualized dividend and a yield of 1.26%. TJX Companies’s dividend payout ratio (DPR) is currently 35.21%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on TJX shares. Deutsche Bank Aktiengesellschaft raised their price objective on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Evercore ISI raised their price objective on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Jefferies Financial Group raised their price objective on TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. StockNews.com lowered TJX Companies from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. Finally, Robert W. Baird raised their price objective on TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Three investment analysts have rated the stock with a hold rating and fifteen have assigned 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 $135.06.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total value of $2,882,346.84. Following the transaction, the chief executive officer now directly owns 484,189 shares in the company, valued at approximately $59,569,772.67. The trade was a 4.62 % decrease in their ownership of the stock. The transaction 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 TJX Companies stock in a transaction dated 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. Corporate insiders own 0.13% of the company’s stock.

TJX Companies 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.