Missouri Trust & Investment Co Has $1.05 Million Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Missouri Trust & Investment Co lowered its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 54.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,920 shares of the apparel and home fashions retailer’s stock after selling 10,500 shares during the period. Missouri Trust & Investment Co’s holdings in TJX Companies were worth $1,048,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Richard W. Paul & Associates LLC purchased a new position in shares of TJX Companies during the second quarter valued at approximately $25,000. Capital Performance Advisors LLP bought a new position in shares of TJX Companies during the 3rd quarter worth approximately $29,000. Copeland Capital Management LLC purchased a new position in shares of TJX Companies in the 3rd quarter worth approximately $30,000. New Millennium Group LLC bought a new position in shares of TJX Companies in the second quarter valued at approximately $34,000. Finally, Anfield Capital Management LLC purchased a new stake in shares of TJX Companies during the second quarter valued at approximately $37,000. 91.09% of the stock is currently owned by institutional investors.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of the 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 transaction, the chief executive officer now directly owns 536,148 shares in the company, valued at approximately $63,018,835.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on TJX shares. Barclays lifted their target price on TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Morgan Stanley boosted their price objective on TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Loop Capital upped their price target on shares of TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. BMO Capital Markets increased their target price on TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Finally, Robert W. Baird upped their price target on shares of TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.76.

TJX Companies Stock Performance

Shares of NYSE:TJX traded up $1.00 during trading on Tuesday, hitting $119.06. The company’s stock had a trading volume of 338,626 shares, compared to its average volume of 5,215,124. The TJX Companies, Inc. has a 12 month low of $87.26 and a 12 month high of $121.13. The firm has a market cap of $134.28 billion, a price-to-earnings ratio of 28.52, a P/E/G ratio of 2.98 and a beta of 0.89. 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 company has a 50-day moving average of $116.09 and a 200-day moving average of $110.97.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The firm had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.31 billion. During the same period in the prior year, the company posted $0.85 earnings per share. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, sell-side analysts expect that The TJX Companies, Inc. will post 4.15 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently announced 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. The ex-dividend date is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.26%. TJX Companies’s dividend payout ratio is currently 36.23%.

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.