Ledyard National Bank Sells 4,344 Shares of The TJX Companies, Inc. (NYSE:TJX)

Ledyard National Bank trimmed its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 4.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 97,193 shares of the apparel and home fashions retailer’s stock after selling 4,344 shares during the quarter. TJX Companies makes up 1.0% of Ledyard National Bank’s holdings, making the stock its 29th biggest holding. Ledyard National Bank’s holdings in TJX Companies were worth $11,424,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Raleigh Capital Management Inc. raised its position in shares of TJX Companies by 54.0% during the third quarter. Raleigh Capital Management Inc. now owns 1,967 shares of the apparel and home fashions retailer’s stock worth $231,000 after acquiring an additional 690 shares during the last quarter. Copeland Capital Management LLC bought a new stake in TJX Companies in the third quarter worth approximately $30,000. Community Financial Services Group LLC increased its holdings in TJX Companies by 0.9% in the third quarter. Community Financial Services Group LLC now owns 20,110 shares of the apparel and home fashions retailer’s stock worth $2,364,000 after purchasing an additional 177 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in TJX Companies by 1.7% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 240,635 shares of the apparel and home fashions retailer’s stock worth $28,284,000 after purchasing an additional 4,138 shares in the last quarter. Finally, Whittier Trust Co. increased its holdings in TJX Companies by 1.5% in the third quarter. Whittier Trust Co. now owns 573,649 shares of the apparel and home fashions retailer’s stock worth $67,426,000 after purchasing an additional 8,234 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

Insider Buying and Selling at TJX Companies

In other TJX Companies 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 transaction, the chief executive officer now owns 536,148 shares of the company’s stock, valued at $63,018,835.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TJX. UBS Group lifted their target price on TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Bank of America lifted their target price on TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Morgan Stanley lifted their target price on TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a research note on Sunday, September 15th. Finally, TD Cowen raised 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, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $126.76.

TJX Companies Price Performance

TJX opened at $115.66 on Tuesday. The stock has a 50-day moving average price of $116.48 and a 200-day moving average price of $108.88. The TJX Companies, Inc. has a 12-month low of $86.92 and a 12-month high of $121.13. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $130.45 billion, a P/E ratio of 27.94, a PEG ratio of 2.97 and a beta of 0.89.

TJX Companies (NYSE:TJX) last posted 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. The firm 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 company’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.85 EPS. Equities analysts predict that The TJX Companies, Inc. will post 4.15 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, December 5th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s payout ratio is 36.23%.

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.