Community Trust & Investment Co. Decreases Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Community Trust & Investment Co. lowered its position in The TJX Companies, Inc. (NYSE:TJX) by 1.0% during the second quarter, Holdings Channel reports. The institutional investor owned 187,255 shares of the apparel and home fashions retailer’s stock after selling 1,864 shares during the quarter. TJX Companies comprises approximately 1.3% of Community Trust & Investment Co.’s investment portfolio, making the stock its 29th largest holding. Community Trust & Investment Co.’s holdings in TJX Companies were worth $15,877,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. BlackRock Inc. raised its position in shares of TJX Companies by 3.3% in the 1st quarter. BlackRock Inc. now owns 79,610,111 shares of the apparel and home fashions retailer’s stock valued at $6,238,248,000 after purchasing an additional 2,579,986 shares during the last quarter. FMR LLC raised its holdings in shares of TJX Companies by 11.0% in the first quarter. FMR LLC now owns 48,901,281 shares of the apparel and home fashions retailer’s stock worth $3,831,904,000 after buying an additional 4,862,540 shares during the last quarter. Morgan Stanley lifted its stake in shares of TJX Companies by 88.1% during the fourth quarter. Morgan Stanley now owns 26,619,778 shares of the apparel and home fashions retailer’s stock worth $2,118,935,000 after buying an additional 12,468,119 shares during the period. Geode Capital Management LLC grew its holdings in shares of TJX Companies by 1.0% during the first quarter. Geode Capital Management LLC now owns 20,891,507 shares of the apparel and home fashions retailer’s stock valued at $1,632,900,000 after buying an additional 209,152 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC increased its position in shares of TJX Companies by 90,089.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 19,788,543 shares of the apparel and home fashions retailer’s stock valued at $1,575,168,000 after acquiring an additional 19,766,602 shares during the period. Institutional investors own 89.28% of the company’s stock.

Insider Transactions at TJX Companies

In other TJX Companies news, Chairman Carol Meyrowitz sold 64,817 shares of the firm’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $91.13, for a total value of $5,906,773.21. Following the transaction, the chairman now owns 135,050 shares in the company, valued at approximately $12,307,106.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Kenneth Canestrari sold 4,197 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $90.00, for a total transaction of $377,730.00. Following the completion of the sale, the executive vice president now owns 115,223 shares of the company’s stock, valued at approximately $10,370,070. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Carol Meyrowitz sold 64,817 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $91.13, for a total transaction of $5,906,773.21. Following the completion of the transaction, the chairman now directly owns 135,050 shares in the company, valued at $12,307,106.50. The disclosure for this sale can be found here. Insiders have sold 114,014 shares of company stock valued at $10,291,303 over the last ninety days. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the company. Loop Capital lifted their price target on TJX Companies from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, September 6th. Morgan Stanley increased their price target on shares of TJX Companies from $93.00 to $99.00 and gave the stock an “overweight” rating in a report on Thursday, August 17th. Telsey Advisory Group lifted their price objective on shares of TJX Companies from $95.00 to $100.00 in a research note on Thursday, August 17th. Bank of America increased their price objective on shares of TJX Companies from $94.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, August 17th. Finally, Barclays boosted their target price on shares of TJX Companies from $95.00 to $101.00 and gave the company an “overweight” rating in a research report on Tuesday, August 15th. Three analysts have rated the stock with a hold rating and seventeen have issued 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 target price of $95.42.

TJX Companies Price Performance

NYSE TJX traded down $0.92 on Tuesday, hitting $91.02. The company had a trading volume of 930,801 shares, compared to its average volume of 4,956,843. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.20 and a quick ratio of 0.56. The company has a market capitalization of $104.13 billion, a PE ratio of 26.95, a PEG ratio of 2.24 and a beta of 0.89. The TJX Companies, Inc. has a 12-month low of $59.78 and a 12-month high of $93.78. The company’s fifty day moving average price is $88.20 and its 200-day moving average price is $81.86.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, August 16th. The apparel and home fashions retailer reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.08. TJX Companies had a net margin of 7.77% and a return on equity of 62.61%. The firm had revenue of $12.76 billion during the quarter, compared to the consensus estimate of $12.45 billion. During the same quarter in the prior year, the firm earned $0.69 EPS. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. As a group, analysts predict that The TJX Companies, Inc. will post 3.71 earnings per share for the current year.

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, kids, and gourmet food departments; jewelry and accessories; and other merchandise.