The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Independence Bank of Kentucky

Independence Bank of Kentucky lessened its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 4.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,998 shares of the apparel and home fashions retailer’s stock after selling 905 shares during the period. Independence Bank of Kentucky’s holdings in TJX Companies were worth $1,982,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TJX. Vanguard Group Inc. boosted its position in shares of TJX Companies by 1.3% in the first quarter. Vanguard Group Inc. now owns 97,476,558 shares of the apparel and home fashions retailer’s stock worth $9,886,073,000 after buying an additional 1,269,792 shares during the period. Royal Bank of Canada lifted its position in shares of TJX Companies by 7.9% during the fourth quarter. Royal Bank of Canada now owns 14,219,312 shares of the apparel and home fashions retailer’s stock worth $1,333,913,000 after purchasing an additional 1,046,148 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of TJX Companies by 2.7% in the first 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 purchasing an additional 346,938 shares during the period. Norges Bank acquired a new stake in TJX Companies during the 4th quarter valued at $1,193,438,000. Finally, Price T Rowe Associates Inc. MD boosted its position in TJX Companies by 35.9% in 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 during the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TJX. Deutsche Bank Aktiengesellschaft set a $114.00 price target on TJX Companies in a report on Tuesday, May 21st. Jefferies Financial Group increased their price objective on shares of TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday. Robert W. Baird boosted their target price on shares of TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a research report on Thursday. Evercore ISI increased their price target on shares of TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. Finally, TD Cowen upped their price objective on TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $126.76.

Insider Transactions at TJX Companies

In other TJX Companies news, Director Amy B. Lane sold 1,500 shares of the company’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total value of $153,105.00. Following the transaction, the director now owns 23,470 shares of the company’s stock, valued at $2,395,582.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Louise Greenlees sold 8,171 shares of the company’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $101.73, for a total value of $831,235.83. Following the transaction, the executive vice president now owns 49,570 shares in the company, valued at approximately $5,042,756.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Amy B. Lane sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $102.07, for a total transaction of $153,105.00. Following the transaction, the director now directly owns 23,470 shares in the company, valued at $2,395,582.90. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Price Performance

TJX Companies stock traded up $0.47 during trading hours on Friday, hitting $119.47. 4,523,886 shares of the company traded hands, compared to its average volume of 5,595,220. The TJX Companies, Inc. has a 1-year low of $86.71 and a 1-year high of $121.06. The firm has a market cap of $135.02 billion, a P/E ratio of 29.65, a P/E/G ratio of 3.14 and a beta of 0.88. The firm’s 50-day simple moving average is $112.08 and its two-hundred day simple moving average is $103.47. The company has a quick ratio of 0.61, a current ratio of 1.21 and a debt-to-equity ratio of 0.37.

TJX Companies (NYSE:TJX) last posted 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 business had revenue of $13.47 billion for the quarter, compared to analyst estimates 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 quarter last year, the business earned $0.85 earnings per share. As a group, analysts forecast that The TJX Companies, Inc. will post 4.14 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Thursday, August 15th. TJX Companies’s payout ratio is 37.22%.

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.