Tower Wealth Partners Inc. Sells 228 Shares of The TJX Companies, Inc. (NYSE:TJX)

Tower Wealth Partners Inc. lowered its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 9.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,137 shares of the apparel and home fashions retailer’s stock after selling 228 shares during the period. Tower Wealth Partners Inc.’s holdings in TJX Companies were worth $251,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Richard W. Paul & Associates LLC purchased a new position in shares of TJX Companies in the 2nd quarter worth about $25,000. Copeland Capital Management LLC purchased a new position in TJX Companies in the third quarter worth about $30,000. New Millennium Group LLC bought a new position in shares of TJX Companies in the second quarter worth approximately $34,000. Anfield Capital Management LLC purchased a new stake in shares of TJX Companies during the second quarter valued at approximately $37,000. Finally, Northwest Investment Counselors LLC bought a new stake in shares of TJX Companies during the third quarter valued at approximately $37,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

Shares of NYSE TJX opened at $112.39 on Friday. The company has a market cap of $126.76 billion, a P/E ratio of 27.15, a P/E/G ratio of 2.86 and a beta of 0.89. The TJX Companies, Inc. has a 52-week low of $87.26 and a 52-week high of $121.13. 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’s fifty day moving average is $116.42 and its two-hundred day moving average is $109.83.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The business had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.31 billion. During the same quarter in the previous year, the company posted $0.85 EPS. The company’s revenue was up 5.6% compared to the same quarter last year. As a group, analysts anticipate that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.33%. The ex-dividend date is Thursday, November 14th. TJX Companies’s payout ratio is 36.23%.

Insiders Place Their Bets

In related news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following 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 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.13% of the stock is owned by insiders.

Analyst Ratings Changes

TJX has been the topic of several recent analyst reports. Robert W. Baird increased their target price on TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Jefferies Financial Group increased their price objective on TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. UBS Group boosted their target price on TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Barclays raised their price target on shares of TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $128.00 price objective on shares of TJX Companies in a report on Wednesday, August 21st. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $126.76.

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.