WASHINGTON TRUST Co Sells 1,338 Shares of The TJX Companies, Inc. (NYSE:TJX)

WASHINGTON TRUST Co trimmed its position in The TJX Companies, Inc. (NYSE:TJX) by 0.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 241,789 shares of the apparel and home fashions retailer’s stock after selling 1,338 shares during the period. TJX Companies makes up approximately 1.0% of WASHINGTON TRUST Co’s holdings, making the stock its 21st biggest holding. WASHINGTON TRUST Co’s holdings in TJX Companies were worth $28,420,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of TJX. Richard W. Paul & Associates LLC acquired a new position in TJX Companies during the 2nd quarter valued at about $25,000. Copeland Capital Management LLC acquired a new position in shares of TJX Companies during the third quarter valued at about $30,000. New Millennium Group LLC purchased a new position in shares of TJX Companies in the 2nd quarter valued at approximately $34,000. Northwest Investment Counselors LLC acquired a new stake in TJX Companies in the 3rd quarter worth approximately $37,000. Finally, Anfield Capital Management LLC purchased a new stake in TJX Companies during the 2nd quarter worth approximately $37,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 536,148 shares of the company’s stock, valued at $63,018,835.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.13% of the stock is owned by company insiders.

TJX Companies Stock Down 0.7 %

TJX Companies stock traded down $0.78 during midday trading on Wednesday, reaching $113.33. The company’s stock had a trading volume of 647,488 shares, compared to its average volume of 5,212,540. The company has a market cap of $127.82 billion, a P/E ratio of 27.56, a P/E/G ratio of 2.88 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 simple moving average of $116.82 and a 200-day simple moving average of $109.65. The TJX Companies, Inc. has a fifty-two week low of $87.22 and a fifty-two week high of $121.13.

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

TJX Companies Dividend Announcement

The company also recently disclosed 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. This represents a $1.50 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Thursday, November 14th. TJX Companies’s payout ratio is 36.23%.

Analyst Upgrades and Downgrades

TJX has been the topic of several research reports. Loop Capital upped their target price on TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. UBS Group raised their target price on shares of TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. BMO Capital Markets increased their price target on TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Jefferies Financial Group boosted their price objective on TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Finally, Citigroup lowered TJX Companies from a “buy” rating to a “neutral” rating and raised their target price for the stock from $110.00 to $128.00 in a report on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $126.76.

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.