The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Hancock Whitney Corp

Hancock Whitney Corp reduced its position in The TJX Companies, Inc. (NYSE:TJX) by 0.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 131,564 shares of the apparel and home fashions retailer’s stock after selling 252 shares during the period. Hancock Whitney Corp’s holdings in TJX Companies were worth $15,464,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Truvestments Capital LLC bought a new stake in TJX Companies in the third quarter valued at about $29,000. Brown Brothers Harriman & Co. boosted its holdings in TJX Companies by 20.4% in the third quarter. Brown Brothers Harriman & Co. now owns 20,110 shares of the apparel and home fashions retailer’s stock worth $2,364,000 after purchasing an additional 3,411 shares during the period. Boston Family Office LLC increased its stake in TJX Companies by 2.0% during the third quarter. Boston Family Office LLC now owns 45,729 shares of the apparel and home fashions retailer’s stock valued at $5,375,000 after purchasing an additional 898 shares during the last quarter. Independent Advisor Alliance raised its holdings in shares of TJX Companies by 4.3% during the third quarter. Independent Advisor Alliance now owns 45,759 shares of the apparel and home fashions retailer’s stock worth $5,379,000 after purchasing an additional 1,892 shares during the period. Finally, Dynamic Technology Lab Private Ltd raised its position in shares of TJX Companies by 9.2% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 20,893 shares of the apparel and home fashions retailer’s stock worth $2,456,000 after purchasing an additional 1,760 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of TJX Companies stock opened at $121.74 on Monday. The TJX Companies, Inc. has a 52 week low of $87.44 and a 52 week high of $122.10. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The stock has a market cap of $137.31 billion, a PE ratio of 28.58, a price-to-earnings-growth ratio of 2.99 and a beta of 0.89. The company’s 50-day moving average price is $116.52 and its two-hundred day moving average price is $112.51.

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

TJX Companies Announces Dividend

The business 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 $0.375 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a yield of 1.23%. TJX Companies’s dividend payout ratio is currently 35.29%.

Wall Street Analyst Weigh In

TJX has been the subject of a number of analyst reports. Morgan Stanley boosted 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. StockNews.com downgraded shares of TJX Companies from a “buy” rating to a “hold” rating in a research report on Friday. BMO Capital Markets raised their price target on shares of TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Robert W. Baird boosted their price objective on TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Finally, Evercore ISI raised their target price on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $129.47.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total value of $1,763,100.00. Following the completion of the transaction, the chief executive officer now directly owns 536,148 shares in the company, valued at $63,018,835.92. This trade represents a 2.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.13% of the company’s stock.

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.