The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Farmers Trust Co.

Farmers Trust Co. reduced its position in The TJX Companies, Inc. (NYSE:TJX) by 27.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,955 shares of the apparel and home fashions retailer’s stock after selling 11,729 shares during the quarter. Farmers Trust Co.’s holdings in TJX Companies were worth $3,770,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of TJX Companies by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 99,314,635 shares of the apparel and home fashions retailer’s stock worth $11,998,201,000 after purchasing an additional 578,948 shares during the period. Geode Capital Management LLC lifted its holdings in shares of TJX Companies by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 24,322,579 shares of the apparel and home fashions retailer’s stock worth $2,930,965,000 after purchasing an additional 464,995 shares during the period. Capital International Investors lifted its holdings in shares of TJX Companies by 4.5% during the fourth quarter. Capital International Investors now owns 14,647,792 shares of the apparel and home fashions retailer’s stock worth $1,769,600,000 after purchasing an additional 626,739 shares during the period. Northern Trust Corp lifted its holdings in shares of TJX Companies by 15.2% during the fourth quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer’s stock worth $1,689,628,000 after purchasing an additional 1,845,225 shares during the period. Finally, Norges Bank acquired a new stake in shares of TJX Companies during the fourth quarter worth $1,670,565,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the sale, the chief executive officer now directly owns 484,189 shares of the company’s stock, valued at $59,569,772.67. This trade represents a 4.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on TJX. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of TJX Companies in a report on Wednesday, May 21st. Citigroup upgraded TJX Companies from a “neutral” rating to a “buy” rating in a research report on Wednesday, May 21st. Morgan Stanley set a $140.00 price objective on TJX Companies and gave the stock an “overweight” rating in a research report on Thursday, May 22nd. Wall Street Zen upgraded TJX Companies from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of TJX Companies in a research report on Wednesday, May 21st. One analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, TJX Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.65.

TJX Companies Price Performance

TJX Companies stock opened at $127.04 on Friday. The TJX Companies, Inc. has a 52 week low of $101.80 and a 52 week high of $135.85. 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’s 50-day simple moving average is $126.74 and its 200 day simple moving average is $123.79. The firm has a market capitalization of $141.92 billion, a PE ratio of 29.89, a P/E/G ratio of 2.75 and a beta of 0.94.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, topping the consensus estimate of $0.90 by $0.02. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. During the same period in the previous year, the firm earned $0.93 EPS. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, equities research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Thursday, May 15th. This is a boost from TJX Companies’s previous quarterly dividend of $0.38. TJX Companies’s dividend payout ratio (DPR) is currently 40.00%.

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.