The TJX Companies, Inc. (NYSE:TJX) Shares Sold by American Trust

American Trust trimmed its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 20.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 57,713 shares of the apparel and home fashions retailer’s stock after selling 15,071 shares during the quarter. TJX Companies makes up 0.6% of American Trust’s portfolio, making the stock its 26th biggest holding. American Trust’s holdings in TJX Companies were worth $6,784,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of TJX. Hartford Funds Management Co LLC grew its holdings in TJX Companies by 0.5% during the 3rd quarter. Hartford Funds Management Co LLC now owns 17,926 shares of the apparel and home fashions retailer’s stock worth $2,107,000 after acquiring an additional 86 shares in the last quarter. Stablepoint Partners LLC boosted its holdings in TJX Companies by 0.3% in the third quarter. Stablepoint Partners LLC now owns 26,922 shares of the apparel and home fashions retailer’s stock worth $3,164,000 after purchasing an additional 89 shares during the period. Dearborn Partners LLC increased its stake in TJX Companies by 4.0% during the second quarter. Dearborn Partners LLC now owns 2,359 shares of the apparel and home fashions retailer’s stock valued at $260,000 after purchasing an additional 90 shares during the last quarter. Concorde Asset Management LLC raised its holdings in shares of TJX Companies by 2.8% during the second quarter. Concorde Asset Management LLC now owns 3,330 shares of the apparel and home fashions retailer’s stock worth $367,000 after purchasing an additional 90 shares during the period. Finally, Signature Estate & Investment Advisors LLC lifted its position in shares of TJX Companies by 3.4% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 2,706 shares of the apparel and home fashions retailer’s stock worth $318,000 after buying an additional 90 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on TJX. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Deutsche Bank Aktiengesellschaft upped their target price on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Guggenheim boosted their price objective on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Wells Fargo & Company increased their target price on TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 22nd. Finally, Loop Capital raised their target price on TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, TJX Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.89.

TJX Companies Stock Performance

TJX opened at $126.42 on Friday. The business has a fifty day simple moving average of $118.90 and a 200-day simple moving average of $114.92. The firm has a market cap of $142.12 billion, a PE ratio of 29.75, a P/E/G ratio of 3.12 and a beta of 0.90. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a fifty-two week low of $88.58 and a fifty-two week high of $128.00.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, topping the consensus estimate of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. During the same period last year, the company posted $1.03 earnings per share. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, equities analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.19%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) is currently 35.29%.

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.