The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Hancock Whitney Corp

Hancock Whitney Corp lessened its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 131,564 shares of the apparel and home fashions retailer’s stock after selling 252 shares during the quarter. Hancock Whitney Corp’s holdings in TJX Companies were worth $15,464,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in TJX. Ameriprise Financial Inc. lifted its stake in shares of TJX Companies by 33.4% in the 2nd 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 purchasing an additional 3,063,318 shares during the last quarter. Dimensional Fund Advisors LP lifted its position 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 valued at $689,812,000 after buying an additional 662,681 shares during the last quarter. 1832 Asset Management L.P. boosted its stake in TJX Companies by 14.2% during 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 buying an additional 759,427 shares during the period. Clearbridge Investments LLC increased its position in shares of TJX Companies by 5.8% during the second quarter. Clearbridge Investments LLC now owns 6,012,310 shares of the apparel and home fashions retailer’s stock valued at $661,955,000 after acquiring an additional 330,277 shares during the last quarter. Finally, PineStone Asset Management Inc. raised its stake in shares of TJX Companies by 134.2% in the 2nd quarter. PineStone Asset Management Inc. now owns 5,467,797 shares of the apparel and home fashions retailer’s stock valued at $602,004,000 after acquiring an additional 3,132,960 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Trading Up 0.2 %

Shares of TJX Companies stock opened at $121.74 on Monday. The company has a 50-day moving average of $116.52 and a two-hundred day moving average of $112.51. The TJX Companies, Inc. has a 12-month low of $87.44 and a 12-month high of $122.10. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The stock has a market cap of $137.31 billion, a PE ratio of 28.58, a price-to-earnings-growth ratio of 2.99 and a beta of 0.89.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.05. The firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. TJX Companies’s revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.03 earnings per share. On average, research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently announced 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 1.23%. TJX Companies’s dividend payout ratio (DPR) is currently 35.29%.

Analysts Set New Price Targets

A number of analysts have issued reports on TJX shares. Bank of America boosted their target price on TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. UBS Group increased their target price on TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Jefferies Financial Group lifted their target price on TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Morgan Stanley increased their price target on shares of TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Finally, Citigroup cut shares of TJX Companies from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $110.00 to $128.00 in a report on Thursday, August 22nd. Four equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $129.47.

Insiders Place Their Bets

In related news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction 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 owns 536,148 shares of the company’s stock, valued at $63,018,835.92. This trade represents a 2.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is currently owned by company insiders.

About TJX Companies

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.