Raymond James Trust N.A. Sells 1,235 Shares of The TJX Companies, Inc. (NYSE:TJX)

Raymond James Trust N.A. cut its position in shares of The TJX Companies, Inc. (NYSE:TJXGet Rating) by 2.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,723 shares of the apparel and home fashions retailer’s stock after selling 1,235 shares during the quarter. Raymond James Trust N.A.’s holdings in TJX Companies were worth $3,000,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in TJX. Gotham Asset Management LLC bought a new stake in TJX Companies in the fourth quarter worth $856,000. Mutual Advisors LLC boosted its holdings in TJX Companies by 2.6% in the fourth quarter. Mutual Advisors LLC now owns 13,937 shares of the apparel and home fashions retailer’s stock worth $1,058,000 after acquiring an additional 358 shares in the last quarter. Enterprise Financial Services Corp bought a new stake in TJX Companies in the fourth quarter worth $210,000. Blair William & Co. IL boosted its holdings in TJX Companies by 8.0% in the fourth quarter. Blair William & Co. IL now owns 178,955 shares of the apparel and home fashions retailer’s stock worth $13,586,000 after acquiring an additional 13,212 shares in the last quarter. Finally, Clearstead Advisors LLC boosted its holdings in TJX Companies by 3.6% in the fourth quarter. Clearstead Advisors LLC now owns 24,353 shares of the apparel and home fashions retailer’s stock worth $1,849,000 after acquiring an additional 853 shares in the last quarter. 90.42% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Chairman Carol Meyrowitz sold 70,720 shares of the firm’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $67.62, for a total value of $4,782,086.40. Following the completion of the sale, the chairman now directly owns 264,967 shares of the company’s stock, valued at approximately $17,917,068.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Ernie Herrman sold 50,282 shares of the firm’s stock in a transaction that occurred on Thursday, September 8th. The stock was sold at an average price of $65.90, for a total value of $3,313,583.80. Following the completion of the sale, the chief executive officer now directly owns 696,439 shares of the company’s stock, valued at approximately $45,895,330.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Carol Meyrowitz sold 70,720 shares of the firm’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $67.62, for a total value of $4,782,086.40. Following the sale, the chairman now directly owns 264,967 shares of the company’s stock, valued at $17,917,068.54. The disclosure for this sale can be found here. Insiders sold 146,375 shares of company stock valued at $9,821,034 in the last ninety days. Insiders own 0.19% of the company’s stock.

TJX Companies Price Performance

Shares of TJX Companies stock opened at $62.01 on Friday. The stock has a 50 day moving average of $63.80 and a 200 day moving average of $61.65. The TJX Companies, Inc. has a 12 month low of $53.69 and a 12 month high of $77.35. The firm has a market cap of $72.00 billion, a PE ratio of 22.15, a PEG ratio of 1.93 and a beta of 0.90. The company has a current ratio of 1.17, a quick ratio of 0.47 and a debt-to-equity ratio of 0.53.

TJX Companies (NYSE:TJXGet Rating) last announced its quarterly earnings results on Wednesday, August 17th. The apparel and home fashions retailer reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.02. TJX Companies had a return on equity of 61.19% and a net margin of 6.77%. The company had revenue of $11.84 billion during the quarter, compared to analyst estimates of $12.05 billion. During the same period in the prior year, the company earned $0.79 earnings per share. The firm’s revenue was down 1.9% on a year-over-year basis. On average, research analysts expect that The TJX Companies, Inc. will post 3.11 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, November 10th will be paid a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Wednesday, November 9th. TJX Companies’s payout ratio is 42.14%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TJX. StockNews.com downgraded TJX Companies from a “buy” rating to a “hold” rating in a report on Thursday, July 28th. Loop Capital upped their price objective on TJX Companies from $60.00 to $65.00 in a research report on Friday, August 19th. Cowen upped their price objective on TJX Companies from $72.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday, August 18th. Robert W. Baird upped their price objective on TJX Companies from $74.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday, August 18th. Finally, Cowen upped their price objective on TJX Companies from $72.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday, August 18th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $74.94.

TJX Companies Profile

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The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer. 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, kids, 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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