The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Harbour Trust & Investment Management Co

Harbour Trust & Investment Management Co cut its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 78,074 shares of the apparel and home fashions retailer’s stock after selling 273 shares during the quarter. Harbour Trust & Investment Management Co’s holdings in TJX Companies were worth $9,177,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Hengehold Capital Management LLC boosted its position in shares of TJX Companies by 17.6% during the 1st quarter. Hengehold Capital Management LLC now owns 2,632 shares of the apparel and home fashions retailer’s stock worth $267,000 after purchasing an additional 394 shares during the period. Artemis Investment Management LLP grew its position in TJX Companies by 662.2% in the 1st quarter. Artemis Investment Management LLP now owns 32,868 shares of the apparel and home fashions retailer’s stock valued at $3,332,000 after acquiring an additional 28,556 shares in the last quarter. Register Financial Advisors LLC purchased a new stake in TJX Companies during the first quarter worth about $37,000. Norway Savings Bank grew its holdings in shares of TJX Companies by 2.5% in the first quarter. Norway Savings Bank now owns 11,080 shares of the apparel and home fashions retailer’s stock valued at $1,124,000 after purchasing an additional 275 shares in the last quarter. Finally, Webster Bank N. A. grew its holdings in shares of TJX Companies by 16.6% in the first quarter. Webster Bank N. A. now owns 3,418 shares of the apparel and home fashions retailer’s stock valued at $347,000 after purchasing an additional 486 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Stock Down 0.0 %

TJX Companies stock opened at $114.19 on Friday. The company has a market capitalization of $128.79 billion, a P/E ratio of 27.58, a PEG ratio of 2.91 and a beta of 0.89. 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 TJX Companies, Inc. has a fifty-two week low of $86.92 and a fifty-two week high of $121.13. The stock has a 50-day simple moving average of $116.67 and a 200-day simple moving average of $109.05.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. The company had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.85 earnings per share. Equities research analysts expect that The TJX Companies, Inc. will post 4.15 earnings per share for the current year.

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.31%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is presently 36.23%.

Wall Street Analyst Weigh In

Several brokerages have commented on TJX. BMO Capital Markets raised their price target on shares of TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Jefferies Financial Group boosted their target price on TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Morgan Stanley increased their price target on TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Sunday, September 15th. Finally, Evercore ISI raised their target price on shares of TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a report on Monday, August 19th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $126.76.

Insiders Place Their Bets

In other news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the completion of the sale, the chief executive officer now owns 536,148 shares in the company, valued at $63,018,835.92. This 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 is available through this link. 0.13% of the stock is owned by insiders.

TJX Companies 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.