The TJX Companies, Inc. (NYSE:TJX) Stake Cut by Trust Co of the South

Trust Co of the South decreased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 13.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,427 shares of the apparel and home fashions retailer’s stock after selling 385 shares during the period. Trust Co of the South’s holdings in TJX Companies were worth $246,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Frazier Financial Advisors LLC acquired a new stake in TJX Companies in the 4th quarter valued at approximately $27,000. Anchor Investment Management LLC acquired a new position in shares of TJX Companies during the fourth quarter valued at approximately $28,000. BKM Wealth Management LLC bought a new stake in TJX Companies during the fourth quarter worth approximately $30,000. Sachetta LLC acquired a new stake in TJX Companies in the fourth quarter worth approximately $38,000. Finally, BOK Financial Private Wealth Inc. bought a new position in TJX Companies during the 4th quarter valued at $40,000. 91.09% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other TJX Companies news, Director Amy B. Lane sold 1,500 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total transaction of $153,105.00. Following the transaction, the director now owns 23,470 shares in the company, valued at $2,395,582.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $102.17, for a total value of $2,043,400.00. Following the sale, the chief executive officer now owns 571,148 shares of the company’s stock, valued at approximately $58,354,191.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Amy B. Lane sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total value of $153,105.00. Following the transaction, the director now owns 23,470 shares of the company’s stock, valued at $2,395,582.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,003 shares of company stock worth $5,060,941. 0.13% of the stock is currently owned by insiders.

TJX Companies Stock Up 0.6 %

Shares of NYSE TJX traded up $0.63 during trading hours on Friday, hitting $111.01. The stock had a trading volume of 8,645,061 shares, compared to its average volume of 5,549,141. The firm’s 50-day moving average price is $100.73 and its two-hundred day moving average price is $97.46. The TJX Companies, Inc. has a 52 week low of $80.94 and a 52 week high of $111.34. The company has a market capitalization of $125.46 billion, a P/E ratio of 27.55, a P/E/G ratio of 2.95 and a beta of 0.87. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.61 and a current ratio of 1.23.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 EPS for the quarter, topping the consensus estimate of $0.87 by $0.06. The company had revenue of $12.48 billion for the quarter, compared to analyst estimates of $12.48 billion. TJX Companies had a net margin of 8.47% and a return on equity of 64.26%. TJX Companies’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.76 EPS. Analysts anticipate that The TJX Companies, Inc. will post 4.09 EPS for the current fiscal year.

TJX Companies announced that its board has initiated a stock repurchase program on Wednesday, February 28th that authorizes the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization authorizes the apparel and home fashions retailer to purchase up to 2.2% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Thursday, August 15th. TJX Companies’s payout ratio is 37.22%.

Analyst Ratings Changes

A number of research analysts recently issued reports on TJX shares. TD Cowen lifted their target price on TJX Companies from $119.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, May 17th. The Goldman Sachs Group upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $100.00 to $110.00 in a report on Thursday, April 25th. Sanford C. Bernstein raised their target price on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. Robert W. Baird upped their price target on TJX Companies from $110.00 to $113.00 and gave the company an “outperform” rating in a report on Thursday, May 23rd. Finally, Deutsche Bank Aktiengesellschaft set a $114.00 price objective on TJX Companies in a research note on Tuesday, May 21st. Two research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, TJX Companies has an average rating of “Moderate Buy” and a consensus target price of $110.37.

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.