Community Trust & Investment Co. Sells 27,307 Shares of The TJX Companies, Inc. (NYSE:TJX)

Community Trust & Investment Co. lowered its stake in The TJX Companies, Inc. (NYSE:TJX) by 14.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 159,237 shares of the apparel and home fashions retailer’s stock after selling 27,307 shares during the quarter. TJX Companies makes up 1.2% of Community Trust & Investment Co.’s investment portfolio, making the stock its 28th largest position. Community Trust & Investment Co.’s holdings in TJX Companies were worth $18,717,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Segment Wealth Management LLC raised its holdings in shares of TJX Companies by 0.6% in the 3rd quarter. Segment Wealth Management LLC now owns 106,716 shares of the apparel and home fashions retailer’s stock valued at $12,543,000 after acquiring an additional 689 shares in the last quarter. Private Advisor Group LLC raised its holdings in shares of TJX Companies by 3.2% in the 3rd quarter. Private Advisor Group LLC now owns 92,404 shares of the apparel and home fashions retailer’s stock valued at $10,861,000 after acquiring an additional 2,836 shares in the last quarter. BLB&B Advisors LLC raised its holdings in shares of TJX Companies by 5.2% in the 3rd quarter. BLB&B Advisors LLC now owns 78,878 shares of the apparel and home fashions retailer’s stock valued at $9,271,000 after acquiring an additional 3,903 shares in the last quarter. Tempus Wealth Planning LLC raised its holdings in shares of TJX Companies by 2.5% in the 3rd quarter. Tempus Wealth Planning LLC now owns 11,263 shares of the apparel and home fashions retailer’s stock valued at $1,324,000 after acquiring an additional 277 shares in the last quarter. Finally, Eastern Bank raised its holdings in shares of TJX Companies by 208.2% in the 3rd quarter. Eastern Bank now owns 113,731 shares of the apparel and home fashions retailer’s stock valued at $13,368,000 after acquiring an additional 76,828 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of TJX stock opened at $115.19 on Wednesday. The firm has a market cap of $129.92 billion, a P/E ratio of 27.82, a P/E/G ratio of 2.97 and a beta of 0.89. The TJX Companies, Inc. has a fifty-two week low of $86.92 and a fifty-two week high of $121.13. The business’s 50 day moving average price is $116.57 and its 200-day moving average price is $109.01. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share 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 analyst estimates of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period last year, the company earned $0.85 EPS. On average, equities research analysts anticipate that The TJX Companies, Inc. will post 4.15 earnings per share for the current year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.50 annualized dividend and a dividend yield of 1.30%. TJX Companies’s dividend payout ratio is presently 36.23%.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of TJX Companies 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 sale, the chief executive officer now directly owns 536,148 shares in the company, valued at $63,018,835.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Morgan Stanley raised their price target on TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. TD Cowen raised their price objective on TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. BMO Capital Markets raised their price objective on TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a report on Sunday, September 15th. Finally, Robert W. Baird raised their price objective on TJX Companies from $113.00 to $128.00 and gave the company an “outperform” 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 stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $126.76.

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.