First Western Trust Bank Cuts Stake in The TJX Companies, Inc. (NYSE:TJX)

First Western Trust Bank reduced its position in The TJX Companies, Inc. (NYSE:TJXFree Report) by 2.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 110,330 shares of the apparel and home fashions retailer’s stock after selling 2,675 shares during the period. TJX Companies comprises approximately 0.5% of First Western Trust Bank’s holdings, making the stock its 19th largest position. First Western Trust Bank’s holdings in TJX Companies were worth $10,350,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in TJX. Verdence Capital Advisors LLC grew its holdings in shares of TJX Companies by 7.0% in the third quarter. Verdence Capital Advisors LLC now owns 7,016 shares of the apparel and home fashions retailer’s stock worth $624,000 after acquiring an additional 456 shares during the period. Park Avenue Securities LLC grew its stake in shares of TJX Companies by 2.8% during the 3rd quarter. Park Avenue Securities LLC now owns 59,096 shares of the apparel and home fashions retailer’s stock valued at $5,252,000 after purchasing an additional 1,623 shares during the period. Catalyst Financial Partners LLC increased its position in shares of TJX Companies by 5.6% during the 3rd quarter. Catalyst Financial Partners LLC now owns 4,911 shares of the apparel and home fashions retailer’s stock valued at $436,000 after purchasing an additional 259 shares during the last quarter. Graypoint LLC lifted its stake in shares of TJX Companies by 24.9% in the 3rd quarter. Graypoint LLC now owns 6,266 shares of the apparel and home fashions retailer’s stock worth $557,000 after purchasing an additional 1,249 shares during the period. Finally, Gratus Capital LLC boosted its holdings in shares of TJX Companies by 10.8% in the third quarter. Gratus Capital LLC now owns 2,996 shares of the apparel and home fashions retailer’s stock worth $266,000 after buying an additional 293 shares during the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Trading Down 0.1 %

NYSE:TJX traded down $0.10 on Friday, reaching $98.81. The company’s stock had a trading volume of 2,904,812 shares, compared to its average volume of 5,085,951. The firm has a market cap of $111.95 billion, a price-to-earnings ratio of 25.59, a price-to-earnings-growth ratio of 2.49 and a beta of 0.87. The company has a quick ratio of 0.64, a current ratio of 1.21 and a debt-to-equity ratio of 0.39. The TJX Companies, Inc. has a 12-month low of $75.65 and a 12-month high of $102.84. The stock has a 50 day moving average price of $96.80 and a 200 day moving average price of $94.29.

TJX Companies (NYSE:TJXGet Free Report) last released its quarterly earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.10. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. The company had revenue of $16.41 billion for the quarter, compared to analysts’ expectations of $16.20 billion. During the same period in the prior year, the firm earned $0.89 earnings per share. The firm’s revenue was up 13.0% compared to the same quarter last year. On average, equities analysts anticipate that The TJX Companies, Inc. will post 4.1 EPS for the current fiscal year.

TJX Companies announced that its board has authorized a share buyback plan on Wednesday, February 28th that allows the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization allows the apparel and home fashions retailer to repurchase up to 2.2% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.

TJX Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 16th will be paid a dividend of $0.375 per share. This is an increase from TJX Companies’s previous quarterly dividend of $0.33. This represents a $1.50 annualized dividend and a yield of 1.52%. The ex-dividend date is Wednesday, May 15th. TJX Companies’s dividend payout ratio is presently 34.46%.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, EVP Louise Greenlees sold 2,694 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $98.83, for a total value of $266,248.02. Following the completion of the transaction, the executive vice president now owns 50,273 shares in the company, valued at $4,968,480.59. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Louise Greenlees sold 2,694 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $98.83, for a total transaction of $266,248.02. Following the completion of the transaction, the executive vice president now owns 50,273 shares in the company, valued at $4,968,480.59. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $98.98, for a total transaction of $1,979,600.00. Following the completion of the transaction, the chief executive officer now owns 515,801 shares of the company’s stock, valued at approximately $51,053,982.98. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

TJX has been the topic of several recent research reports. Telsey Advisory Group reiterated an “outperform” rating and issued a $105.00 price target on shares of TJX Companies in a research report on Wednesday, February 28th. UBS Group raised shares of TJX Companies from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $104.00 to $132.00 in a research report on Thursday, May 2nd. The Goldman Sachs Group raised shares of TJX Companies from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $100.00 to $110.00 in a research report on Thursday, April 25th. BMO Capital Markets boosted their price objective on shares of TJX Companies from $95.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. Finally, Redburn Atlantic downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price objective for the company. in a research report on Monday, February 5th. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $104.29.

View Our Latest Report on TJX Companies

TJX Companies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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