The TJX Companies, Inc. (NYSE:TJX) Shares Sold by AMG National Trust Bank

AMG National Trust Bank cut its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 27.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 57,428 shares of the apparel and home fashions retailer’s stock after selling 21,200 shares during the period. AMG National Trust Bank’s holdings in TJX Companies were worth $6,750,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TJX. Thrivent Financial for Lutherans boosted its holdings in TJX Companies by 2.9% in the third quarter. Thrivent Financial for Lutherans now owns 114,416 shares of the apparel and home fashions retailer’s stock worth $13,448,000 after acquiring an additional 3,258 shares in the last quarter. Obsidian Personal Planning Solutions LLC purchased a new stake in TJX Companies during the 3rd quarter worth approximately $202,000. Concord Asset Management LLC VA raised its holdings in shares of TJX Companies by 18.7% in the third quarter. Concord Asset Management LLC VA now owns 8,024 shares of the apparel and home fashions retailer’s stock worth $943,000 after buying an additional 1,262 shares during the last quarter. Adero Partners LLC grew its holdings in shares of TJX Companies by 5.4% during the third quarter. Adero Partners LLC now owns 3,206 shares of the apparel and home fashions retailer’s stock valued at $377,000 after buying an additional 164 shares during the last quarter. Finally, GoalVest Advisory LLC increased its position in shares of TJX Companies by 3.5% in the 3rd quarter. GoalVest Advisory LLC now owns 5,276 shares of the apparel and home fashions retailer’s stock valued at $620,000 after acquiring an additional 176 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Trading Up 0.1 %

Shares of TJX stock opened at $119.97 on Monday. The company has a 50-day moving average of $116.33 and a two-hundred day moving average of $111.69. The firm has a market cap of $135.31 billion, a PE ratio of 28.98, a price-to-earnings-growth ratio of 3.04 and a beta of 0.89. The TJX Companies, Inc. has a 1-year low of $87.26 and a 1-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.

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 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 net margin of 8.56% and a return on equity of 63.19%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the company posted $0.85 EPS. On average, analysts predict that The TJX Companies, Inc. will post 4.14 EPS for the current year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 annualized dividend and a dividend yield of 1.25%. TJX Companies’s dividend payout ratio is presently 36.23%.

Analyst Ratings Changes

Several research analysts have recently issued reports on TJX shares. Evercore ISI raised their price objective on TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. Jefferies Financial Group lifted 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, August 22nd. Citigroup downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and boosted their target price for the company from $110.00 to $128.00 in a research report on Thursday, August 22nd. Bank of America increased their price target on TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Finally, StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Sunday, September 15th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $127.41.

Insider Activity at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total value of $1,763,100.00. Following the completion of the transaction, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at $63,018,835.92. The trade was a 2.72 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.13% of the company’s stock.

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.