Ledyard National Bank Cuts Position in The TJX Companies, Inc. (NYSE:TJX)

Ledyard National Bank decreased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 4.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 97,193 shares of the apparel and home fashions retailer’s stock after selling 4,344 shares during the period. TJX Companies accounts for 1.0% of Ledyard National Bank’s portfolio, making the stock its 29th largest position. Ledyard National Bank’s holdings in TJX Companies were worth $11,424,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in TJX. Valued Wealth Advisors LLC increased its stake in shares of 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 purchasing an additional 177 shares in the last quarter. Richard W. Paul & Associates LLC bought a new stake in shares of TJX Companies during the second quarter valued at approximately $25,000. Copeland Capital Management LLC bought a new stake in shares of TJX Companies during the third quarter valued at approximately $30,000. AlphaMark Advisors LLC increased its position in shares of TJX Companies by 58.4% during the first quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer’s stock valued at $34,000 after acquiring an additional 122 shares in the last quarter. Finally, New Millennium Group LLC bought a new stake in shares of TJX Companies during the second quarter valued at approximately $34,000. Institutional investors own 91.09% of the company’s stock.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were 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 directly owns 536,148 shares in the company, valued at approximately $63,018,835.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.13% of the stock is currently owned by insiders.

Analyst Ratings Changes

TJX has been the subject of several analyst reports. Jefferies Financial Group raised their price target on shares of 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 raised their price target on shares of TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Citigroup downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and raised their price target for the company from $110.00 to $128.00 in a research report on Thursday, August 22nd. Wells Fargo & Company lifted their target price on shares of TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 22nd. Finally, Loop Capital lifted their target price on shares of TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $126.76.

TJX Companies Stock Performance

TJX Companies stock opened at $115.66 on Tuesday. The company’s 50-day moving average price is $116.48 and its 200-day moving average price is $108.88. The TJX Companies, Inc. has a twelve month low of $86.92 and a twelve month high of $121.13. 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 company has a market cap of $130.45 billion, a PE ratio of 27.94, a price-to-earnings-growth ratio of 2.97 and a beta of 0.89.

TJX Companies (NYSE:TJX) last posted its earnings results 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 for the quarter, compared to the consensus estimate of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.85 EPS. On average, equities research analysts forecast 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 issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 annualized dividend and a yield of 1.30%. TJX Companies’s payout ratio is 36.23%.

About TJX Companies

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.