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

Community Trust & Investment Co. trimmed its stake in The TJX Companies, Inc. (NYSE:TJX) by 14.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 159,237 shares of the apparel and home fashions retailer’s stock after selling 27,307 shares during the quarter. TJX Companies comprises 1.2% of Community Trust & Investment Co.’s holdings, making the stock its 28th biggest position. Community Trust & Investment Co.’s holdings in TJX Companies were worth $18,717,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Richard W. Paul & Associates LLC purchased a new position in shares of TJX Companies in the second quarter worth $25,000. Valued Wealth Advisors LLC increased its position in TJX Companies by 260.3% during the first quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock valued at $25,000 after acquiring an additional 177 shares during the last quarter. Copeland Capital Management LLC purchased a new stake in TJX Companies during the third quarter valued at $30,000. New Millennium Group LLC purchased a new stake in TJX Companies during the second quarter valued at $34,000. Finally, Northwest Investment Counselors LLC purchased a new stake in TJX Companies during the third quarter valued at $37,000. 91.09% of the stock is owned by institutional investors.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the 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 completion of the transaction, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is owned by corporate insiders.

TJX Companies Stock Performance

NYSE TJX opened at $115.19 on Wednesday. The firm has a market cap of $129.92 billion, a price-to-earnings ratio of 27.82, a price-to-earnings-growth ratio of 2.97 and a beta of 0.89. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37. The business has a 50-day moving average price of $116.57 and a 200-day moving average price of $109.01. The TJX Companies, Inc. has a twelve month low of $86.92 and a twelve month high of $121.13.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The company had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.31 billion. During the same period in the prior year, the company earned $0.85 earnings per share. The firm’s revenue was up 5.6% on a year-over-year basis. As a group, equities research analysts predict that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal year.

TJX Companies Announces Dividend

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 paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s payout ratio is presently 36.23%.

Wall Street Analyst Weigh In

TJX has been the subject of a number of research reports. Jefferies Financial Group upped their price objective on TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Robert W. Baird upped their price objective on TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Morgan Stanley upped their price objective on TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. TD Cowen upped their price objective on TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Finally, Loop Capital boosted their price target on TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, TJX Companies presently has an average rating of “Moderate Buy” and a consensus price target 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.