Heartwood Wealth Advisors LLC Cuts Holdings in The TJX Companies, Inc. (NYSE:TJX)

Heartwood Wealth Advisors LLC decreased its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 13.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,822 shares of the apparel and home fashions retailer’s stock after selling 424 shares during the quarter. Heartwood Wealth Advisors LLC’s holdings in TJX Companies were worth $344,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Shell Asset Management Co. boosted its position in shares of TJX Companies by 16.5% during the 4th quarter. Shell Asset Management Co. now owns 29,168 shares of the apparel and home fashions retailer’s stock worth $3,524,000 after acquiring an additional 4,128 shares in the last quarter. Pathstone Holdings LLC lifted its position in TJX Companies by 10.1% during the 4th quarter. Pathstone Holdings LLC now owns 736,616 shares of the apparel and home fashions retailer’s stock worth $88,992,000 after acquiring an additional 67,853 shares during the period. Ethic Inc. lifted its position in TJX Companies by 21.1% during the 4th quarter. Ethic Inc. now owns 167,169 shares of the apparel and home fashions retailer’s stock worth $20,196,000 after acquiring an additional 29,158 shares during the period. Fiduciary Trust Co lifted its position in TJX Companies by 5.2% during the 4th quarter. Fiduciary Trust Co now owns 2,891,186 shares of the apparel and home fashions retailer’s stock worth $349,284,000 after acquiring an additional 144,113 shares during the period. Finally, Atlas Legacy Advisors LLC acquired a new stake in TJX Companies during the 4th quarter worth approximately $433,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Transactions at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total transaction of $121,685.50. Following the sale, the director now directly owns 22,712 shares of the company’s stock, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. BMO Capital Markets reissued an “outperform” rating on shares of TJX Companies in a research note on Wednesday, May 21st. Citigroup upgraded TJX Companies from a “neutral” rating to a “buy” rating in a report on Wednesday, May 21st. Cowen restated a “buy” rating on shares of TJX Companies in a report on Tuesday, May 20th. Wells Fargo & Company restated an “equal weight” rating on shares of TJX Companies in a report on Wednesday, May 21st. Finally, Barclays restated an “overweight” rating and set a $147.00 price objective (up previously from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. One analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $141.53.

TJX Companies Trading Down 0.4%

NYSE:TJX opened at $122.48 on Thursday. The business’s 50-day moving average is $127.86 and its two-hundred day moving average is $124.14. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.16 and a quick ratio of 0.51. The TJX Companies, Inc. has a 12 month low of $107.71 and a 12 month high of $135.85. The firm has a market capitalization of $136.82 billion, a PE ratio of 28.82, a price-to-earnings-growth ratio of 2.91 and a beta of 0.90.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, beating the consensus estimate of $0.90 by $0.02. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The company had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. During the same period last year, the company posted $0.93 earnings per share. The firm’s revenue was up 5.1% compared to the same quarter last year. Research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies’s payout ratio is 40.00%.

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.