The TJX Companies, Inc. (NYSE:TJX) Shares Sold by First County Bank CT

First County Bank CT trimmed its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 16.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,875 shares of the apparel and home fashions retailer’s stock after selling 1,322 shares during the period. First County Bank CT’s holdings in TJX Companies were worth $808,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Richard W. Paul & Associates LLC acquired a new stake in shares of TJX Companies during the second quarter valued at $25,000. Capital Performance Advisors LLP acquired a new stake in shares of TJX Companies during the 3rd quarter worth about $29,000. Copeland Capital Management LLC acquired a new stake in shares of TJX Companies during the 3rd quarter worth about $30,000. New Millennium Group LLC purchased a new stake in shares of TJX Companies during the second quarter worth about $34,000. Finally, Anfield Capital Management LLC purchased a new position in shares of TJX Companies during the second quarter valued at approximately $37,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on TJX shares. TD Cowen boosted their price objective on TJX Companies from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Wells Fargo & Company raised their price objective on shares of TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a report on Thursday, August 22nd. BMO Capital Markets boosted their target price on shares of TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Loop Capital increased their price target on shares of TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Finally, Barclays boosted their price objective on TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $129.35.

TJX Companies Stock Up 0.0 %

Shares of TJX stock opened at $119.77 on Friday. The TJX Companies, Inc. has a one year low of $87.44 and a one year high of $122.10. 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 stock has a fifty day moving average price of $116.49 and a 200 day moving average price of $112.14. The stock has a market cap of $135.08 billion, a P/E ratio of 28.18, a price-to-earnings-growth ratio of 3.03 and a beta of 0.89.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. The company had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the firm earned $1.03 EPS. Analysts predict that The TJX Companies, Inc. will post 4.14 earnings per share for the current year.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be issued 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 1.25%. TJX Companies’s payout ratio is presently 35.29%.

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the completion of the sale, the chief executive officer now owns 536,148 shares in the company, valued at $63,018,835.92. This trade represents a 2.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.13% of the stock is 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.