Proficio Capital Partners LLC Has $324,000 Position in The TJX Companies, Inc. (NYSE:TJX)

Proficio Capital Partners LLC cut its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 33.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,756 shares of the apparel and home fashions retailer’s stock after selling 1,368 shares during the quarter. Proficio Capital Partners LLC’s holdings in TJX Companies were worth $324,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Atria Investments Inc increased its holdings in shares of TJX Companies by 2.5% during the 3rd quarter. Atria Investments Inc now owns 155,300 shares of the apparel and home fashions retailer’s stock worth $18,254,000 after acquiring an additional 3,807 shares during the last quarter. Kerusso Capital Management LLC grew its holdings in TJX Companies by 6.5% in the 3rd quarter. Kerusso Capital Management LLC now owns 28,411 shares of the apparel and home fashions retailer’s stock valued at $3,339,000 after buying an additional 1,729 shares in the last quarter. Oxbow Advisors LLC grew its holdings in TJX Companies by 5.3% in the 3rd quarter. Oxbow Advisors LLC now owns 2,598 shares of the apparel and home fashions retailer’s stock valued at $305,000 after buying an additional 130 shares in the last quarter. Tompkins Financial Corp grew its holdings in TJX Companies by 0.8% in the 3rd quarter. Tompkins Financial Corp now owns 96,992 shares of the apparel and home fashions retailer’s stock valued at $11,400,000 after buying an additional 747 shares in the last quarter. Finally, Lindbrook Capital LLC grew its holdings in TJX Companies by 1.8% in the 3rd quarter. Lindbrook Capital LLC now owns 5,569 shares of the apparel and home fashions retailer’s stock valued at $655,000 after buying an additional 96 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Price Performance

Shares of TJX stock opened at $117.83 on Monday. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37. The TJX Companies, Inc. has a twelve month low of $87.26 and a twelve month high of $121.13. The company has a market cap of $132.90 billion, a P/E ratio of 28.46, a P/E/G ratio of 2.98 and a beta of 0.89. The business has a fifty day simple moving average of $116.07 and a 200 day simple moving average of $110.71.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $13.31 billion. During the same period in the prior year, the company earned $0.85 EPS. TJX Companies’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, sell-side analysts forecast that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be given a $0.375 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.50 annualized dividend and a yield of 1.27%. TJX Companies’s dividend payout ratio is presently 36.23%.

Analyst Ratings Changes

A number of research analysts have commented on the company. Citigroup lowered TJX Companies from a “buy” rating to a “neutral” rating and upped their price objective for the company from $110.00 to $128.00 in a report on Thursday, August 22nd. Loop Capital upped their price objective on TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Bank of America upped their price objective on TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Evercore ISI upped their price objective on TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a report on Monday, August 19th. Finally, TD Cowen upped their target price on TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $126.76.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total value of $1,763,100.00. Following the completion of the transaction, the chief executive officer now directly owns 536,148 shares in the company, valued at approximately $63,018,835.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.13% of the company’s stock.

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.