The TJX Companies, Inc. (NYSE:TJX) Shares Sold by First Western Trust Bank

First Western Trust Bank lessened its stake in The TJX Companies, Inc. (NYSE:TJX) by 6.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 84,698 shares of the apparel and home fashions retailer’s stock after selling 6,131 shares during the quarter. TJX Companies comprises about 0.4% of First Western Trust Bank’s holdings, making the stock its 17th largest holding. First Western Trust Bank’s holdings in TJX Companies were worth $9,955,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TJX. Richard W. Paul & Associates LLC acquired a new position in shares of TJX Companies in the second quarter worth about $25,000. Capital Performance Advisors LLP acquired a new position in shares of TJX Companies in the 3rd quarter valued at approximately $29,000. Copeland Capital Management LLC purchased a new position in shares of TJX Companies during the 3rd quarter valued at approximately $30,000. New Millennium Group LLC acquired a new stake in shares of TJX Companies during the second quarter worth approximately $34,000. Finally, Anfield Capital Management LLC bought a new stake in shares of TJX Companies in the second quarter worth $37,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Up 0.1 %

TJX stock opened at $119.97 on Monday. The firm has a market cap of $135.31 billion, a PE ratio of 28.98, a P/E/G ratio of 3.04 and a beta of 0.89. The TJX Companies, Inc. has a 12 month low of $87.26 and a 12 month high of $122.10. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60. The firm has a 50 day simple moving average of $116.33 and a 200 day simple moving average of $111.69.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS 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 the consensus estimate of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.85 EPS. Equities research analysts forecast that The TJX Companies, Inc. will post 4.14 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is currently 36.23%.

Insider Activity

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction dated 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 transaction, the chief executive officer now owns 536,148 shares of the company’s stock, valued at $63,018,835.92. The trade was a 2.72 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.13% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on TJX shares. Wells Fargo & Company increased their price objective on shares of TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a research note on Thursday, August 22nd. UBS Group raised their price target on shares of TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. TD Cowen raised their price target on TJX Companies from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Friday. Morgan Stanley upped their price objective on TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Finally, Loop Capital boosted their price target on shares of TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $127.41.

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.