AMG National Trust Bank Trims Stock Position in The TJX Companies, Inc. (NYSE:TJX)

AMG National Trust Bank cut its stake in The TJX Companies, Inc. (NYSE:TJX) by 27.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 57,428 shares of the apparel and home fashions retailer’s stock after selling 21,200 shares during the period. AMG National Trust Bank’s holdings in TJX Companies were worth $6,750,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Janus Henderson Group PLC lifted its position in TJX Companies by 2.7% during the 1st quarter. Janus Henderson Group PLC now owns 13,226,465 shares of the apparel and home fashions retailer’s stock valued at $1,341,392,000 after acquiring an additional 346,938 shares during the period. Price T Rowe Associates Inc. MD increased its position in TJX Companies by 35.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock valued at $1,249,237,000 after buying an additional 3,255,849 shares in the last quarter. Ameriprise Financial Inc. raised its stake in TJX Companies by 33.4% during the second quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer’s stock valued at $1,347,934,000 after buying an additional 3,063,318 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in TJX Companies by 11.8% in the second quarter. Dimensional Fund Advisors LP now owns 6,265,171 shares of the apparel and home fashions retailer’s stock worth $689,812,000 after acquiring an additional 662,681 shares in the last quarter. Finally, 1832 Asset Management L.P. grew its stake in shares of TJX Companies by 14.2% in the second quarter. 1832 Asset Management L.P. now owns 6,116,142 shares of the apparel and home fashions retailer’s stock worth $673,387,000 after acquiring an additional 759,427 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on TJX shares. Loop Capital increased 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. Evercore ISI raised their price target 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. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Sunday, September 15th. BMO Capital Markets raised their target price on shares of TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Finally, Citigroup cut TJX Companies from a “buy” rating to a “neutral” rating and increased their price target for the company from $110.00 to $128.00 in a report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, TJX Companies currently has a consensus rating of “Moderate Buy” and an average price target of $127.41.

TJX Companies Trading Up 0.1 %

TJX opened at $119.97 on Monday. 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 stock’s 50 day moving average price is $116.33 and its 200-day moving average price is $111.69. The TJX Companies, Inc. has a one year low of $87.26 and a one year high of $122.10. The stock has a market cap of $135.31 billion, a price-to-earnings ratio of 28.98, a P/E/G ratio of 3.04 and a beta of 0.89.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. The firm had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.85 earnings per share. On average, equities analysts forecast that The TJX Companies, Inc. will post 4.14 EPS for the current year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 annualized dividend and a yield of 1.25%. TJX Companies’s payout ratio is currently 36.23%.

Insider Buying and Selling at TJX Companies

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 shares were sold at an average price of $117.54, for a total value of $1,763,100.00. Following the completion of the sale, the chief executive officer now owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. This represents a 2.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is currently owned by corporate 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.