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Lowe Brockenbrough & Co. Inc. sells shares of The TJX Companies, Inc. (NYSE:TJX).

Lowe Brockenbrough & Co. Inc. sells shares of The TJX Companies, Inc. (NYSE:TJX).

According to the company’s most recent filing with the SEC, Lowe Brockenbrough & Co., Inc. sold off 4.6% of its shares of The TJX Companies, Inc. (NYSE: TJX) during the third quarter. Following the sale of 6,451 shares of the company’s stock during the period covered by the report, the institutional investor now holds a total of 135,220 shares of the retailer specializing in clothing and home goods. The most recent filing that Lowe Brockenbrough & Co., Inc. made with the SEC revealed that the value of the company’s investment in TJX Companies was $8,400,000.

Several other hedge funds operating in the market have made adjustments to the positions they have taken due to these developments. By purchasing a greater number of shares of TJX Companies during the second quarter, GPS Wealth Strategies Group LLC was able to increase the size of its stock holdings by 119.4%. During the most recent quarter, GPS Wealth Strategies Group LLC bought an additional 246 shares of the publicly traded company that operates as a clothing and home fashion retailer. This action increased the firm’s holdings of the company’s stocks to the positions they have taken as a result of these developments. By purchasing a greater number of shares of TJX Companies during the second quarter, GPS Wealth Strategies Group LLC was able to increase the size of its stock holdings by 119.4%. During the most recent quarter, GPS Wealth Strategies Group LLC bought an additional 246 shares of the publicly traded company that operates as a clothing and home fashion retailer. This action increased the firm’s holdings of the company’s stock. As a direct consequence, the corporation now holds a total of 452 shares of the company’s stock, each of which has a value of $2,500. The percentage of TJX Companies stock that Financial Management Professionals Inc. owned increased by 117.7% during the second quarter of the fiscal year. Financial Management Professionals Inc. now has a total of 468 shares of the stock of the clothing and home goods retailer, which are worth a combined total of $26,000 after purchasing an additional 253 shares during the preceding quarter. Grayhawk Investment Strategies Inc. added approximately $26,000 to its TJX Companies holdings over the second quarter. Householder Group Estate & Retirement Specialist LLC has expanded its investment portfolio by purchasing additional shares of TJX Companies during the third quarter. This investment was worth somewhere in the neighborhood of $27,000. After the second quarter, Northern Oak Wealth Management Inc. made a new investment of $28,000 in a holding they currently possess in TJX Companies. Institutional investors and hedge funds collectively own 91.30 percent of the company’s total shares, making up the majority of the shareholders.

Recently, TJX has been the focus of coverage in various analyst publications across the industry. Gordon Haskett raised their rating on shares of TJX Companies from “hold” to “buy” in a research report published on Thursday, November 10th. They also set a target price of $80.00 for the company’s stock. Goldman Sachs Group increased their price objective on TJX Companies from $71.00 to $80.00 and gave the stock a “neutral” rating in a research report published on Thursday, November 17th. The TJX Companies were the focus of the study. Citigroup changed its rating on the shares of TJX Companies from “hold” to “buy” in a research report released on Thursday, November 17th.

Additionally, they increased their price target for the company from $86,000.00 to $90,000.00. Both of these changes were made public. On November 17th, Telsey Advisory Group published a research report with an “outperform” rating and an increase in price goal for TJX Companies from $86,000 to $95,000. The report also included a recommendation. Additionally, an increased price target was included in the report. Cowen increased their price objective for TJX Companies from $84.00 to $85.00 in a research report that was published on Tuesday, December 6th. The agenda was complete, and this was the final and most important item. Twelve of the equity research specialists have recommended to investors that they should purchase the stock, while only four of them have suggested that investors should continue to hold on to their shares. The information found on Bloomberg.com indicates that the company has been given the rating of “Moderate Buy,” and the price objective that the consensus for the company has determined is $82.67.

On Friday, trading on the NYSE TJX was $0.02 higher, reaching $81.94, with a total of 33,512 shares changing hands. This compares to the daily volume average of 4,892,784 shares traded. Over the past year, the price of TJX Companies, Inc. has fluctuated between a low of $53.69 and a high of $83.13, with a low of $53.69 serving as the lowest point. The moving averages for the previous 50 days at the company are $78.49, and the moving averages for the previous 200 days are $68.83. The company has a price-to-earnings ratio of 28.54, and the overall market capitalization of the business is currently sitting at $94.68 billion. The P/E/G ratio for this investment comes in at 2.49, and its beta value is 0.89. There is a debt-to-equity ratio of 0.50 for every dollar, a ratio of 0.41 for a quick ratio, and a ratio of 1.16 for a current ratio.

On November 16th, the most recent quarterly earnings report was made public for TJX Companies, a company that trades on the New York Stock Exchange (NYSE) under the symbol “TJX.” The retailer of apparel and home goods reported earnings per share for the third quarter were $0.86, which was $0.06 higher than the consensus estimate of $0.80 among industry analysts. In their financial statements, TJX Companies revealed a net margin of 6.90% and a return on equity of 62.97%. Despite this, the company could only bring in total revenue of $12.17 billion during the quarter, whereas market analysts had predicted that it would bring in total revenue of $12.27 billion. According to research conducted by stock market experts, it is anticipated that TJX Companies, Inc. will have earnings of $3.12 per share in 2018.

In addition, the business just recently announced a quarterly dividend scheduled to be paid out on March 2nd. On Thursday, February 9th, stockholders who are currently registered will be eligible to receive a $0.295 dividend payment per share. The 8th of February, which is a Wednesday, is the day that will no longer count toward the accumulation of dividends. This change will take effect the following day. This ends up giving us a yield of 1.44% and a dividend payment of $1.18 every year. The dividend payout ratio for TJX Companies is currently sitting at 41.11% as of right now.

Carol Meyrowitz, the chairman of TJX Companies, sold 16,223 shares of the company’s stock on November 22. The transaction took place on a Tuesday. The purchase of each share occurred at an average price of $79.79 during the sale, resulting in a total value of the transaction that was equivalent to $1,294,433.17. As a direct consequence of the transaction, the chairman now owns 209,390 company shares, which collectively have an estimated value of $16,707,228.10. If you follow this link, you will be taken to a document submitted to the Securities and Exchange Commission (SEC). The document contains an in-depth explanation of the reported transaction to the SEC. In other news, on Tuesday, November 22, Carol Meyrowitz, Chief Executive Officer of the company, sold 16,223 shares of the company’s stock. This was reported in a press release. The purchase of each share occurred at an average price of $79.79 during the sale, resulting in a total value of the transaction that was equivalent to $1,294,433.17. After the deal’s completion, the chairman now owns 209,390 company shares with a combined value of approximately $16,707,228.10 dollars. The sale was made known to the general public through a document initially submitted to the SEC and then made available online by the SEC.

Additionally, on November 22nd, Louise Greenlees, the company’s Executive Vice President, sold a total of 6,708 shares of the company’s stock. The total amount received for the sale of the shares was $536,572.92, and the average price paid for each share was $79.99. The company’s executive vice president is currently in possession of 51,627 company shares, which have a value of approximately 4,129,643.73 dollars. Disclosures that are related to the sale might be found in this section of the website. During the most recent quarter of the company’s fiscal year, insiders sold 30,231 shares of company stock, which had a combined value of $2,405,249, a total of 0.19% of the company’s shares of stock that business insiders hold.

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