Cape Cod Five Cents Savings Bank Sells 343 Shares of The TJX Companies, Inc. (NYSE:TJX)

Cape Cod Five Cents Savings Bank lowered its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 74,535 shares of the apparel and home fashions retailer’s stock after selling 343 shares during the quarter. Cape Cod Five Cents Savings Bank’s holdings in TJX Companies were worth $8,206,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Richard W. Paul & Associates LLC purchased a new position in TJX Companies in the second quarter worth about $25,000. Capital Performance Advisors LLP bought a new stake in shares of TJX Companies in the 3rd quarter valued at approximately $29,000. Truvestments Capital LLC bought a new position in shares of TJX Companies during the 3rd quarter valued at approximately $29,000. Copeland Capital Management LLC purchased a new stake in TJX Companies during the 3rd quarter valued at $30,000. Finally, Legacy Investment Solutions LLC bought a new stake in TJX Companies in the third quarter worth $30,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at TJX Companies

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

Analysts Set New Price Targets

A number of research firms have weighed in on TJX. Wells Fargo & Company boosted their price objective on shares of TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a research report on Thursday, August 22nd. Barclays upped their price target on shares of TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Guggenheim lifted their price objective on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday. BMO Capital Markets upped their target price on shares of TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Finally, StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, TJX Companies has a consensus rating of “Moderate Buy” and an average target price of $130.89.

TJX Companies Trading Up 0.1 %

NYSE:TJX opened at $126.09 on Monday. The stock has a market capitalization of $141.75 billion, a price-to-earnings ratio of 29.67, a PEG ratio of 3.10 and a beta of 0.90. The TJX Companies, Inc. has a 52 week low of $88.43 and a 52 week high of $128.00. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The firm has a 50 day moving average of $118.09 and a 200 day moving average of $114.40.

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

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.375 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.50 annualized dividend and a dividend yield of 1.19%. TJX Companies’s dividend payout ratio (DPR) is currently 35.29%.

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.