AMG National Trust Bank Sells 21,200 Shares of The TJX Companies, Inc. (NYSE:TJX)

AMG National Trust Bank trimmed its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 27.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 57,428 shares of the apparel and home fashions retailer's stock after selling 21,200 shares during the quarter. AMG National Trust Bank's holdings in TJX Companies were worth $6,750,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. First Trust Direct Indexing L.P. boosted its position in shares of TJX Companies by 12.4% in the third quarter. First Trust Direct Indexing L.P. now owns 47,104 shares of the apparel and home fashions retailer's stock worth $5,537,000 after buying an additional 5,207 shares during the period. O Shaughnessy Asset Management LLC grew its holdings in shares of TJX Companies by 9.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 136,798 shares of the apparel and home fashions retailer's stock valued at $13,874,000 after acquiring an additional 11,447 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of TJX Companies by 35.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer's stock valued at $1,249,237,000 after acquiring an additional 3,255,849 shares in the last quarter. Swedbank AB grew its holdings in shares of TJX Companies by 45.9% during the 2nd quarter. Swedbank AB now owns 1,041,982 shares of the apparel and home fashions retailer's stock valued at $114,722,000 after acquiring an additional 327,684 shares in the last quarter. Finally, UniSuper Management Pty Ltd grew its holdings in shares of TJX Companies by 176.6% during the 1st quarter. UniSuper Management Pty Ltd now owns 25,293 shares of the apparel and home fashions retailer's stock valued at $2,565,000 after acquiring an additional 16,148 shares in the last quarter. Institutional investors own 91.09% of the company's stock.

TJX Companies Stock Performance

Shares of TJX traded down $0.30 during trading hours on Monday, reaching $119.67. 5,089,195 shares of the company traded hands, compared to its average volume of 5,228,899. The stock's fifty day moving average is $116.38 and its 200 day moving average is $111.86. The stock has a market cap of $134.97 billion, a P/E ratio of 28.91, a price-to-earnings-growth ratio of 3.04 and a beta of 0.89. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21. The TJX Companies, Inc. has a 1-year low of $87.44 and a 1-year high of $122.10.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, beating analysts' consensus estimates of $0.92 by $0.04. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The business had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.31 billion. During the same quarter in the prior year, the business earned $0.85 earnings per share. The firm's revenue for the quarter was up 5.6% on a year-over-year basis. Equities research analysts anticipate that The TJX Companies, Inc. will post 4.14 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.25%. The ex-dividend date is Thursday, November 14th. TJX Companies's dividend payout ratio (DPR) is presently 36.23%.

Analysts Set New Price Targets

TJX has been the topic of several research analyst reports. UBS Group boosted their price target on shares of TJX Companies from $134.00 to $148.00 and gave the company a "buy" rating in a report on Thursday, August 22nd. Morgan Stanley upped their price objective on shares of TJX Companies from $122.00 to $129.00 and gave the stock an "overweight" rating in a report on Thursday, August 22nd. Jefferies Financial Group upped their price objective on shares of TJX Companies from $130.00 to $140.00 and gave the stock a "buy" rating in a report on Thursday, August 22nd. Barclays upped their price objective on shares of TJX Companies from $114.00 to $136.00 and gave the stock an "overweight" rating in a report on Thursday, August 22nd. Finally, Evercore ISI upped their price objective on shares of TJX Companies from $115.00 to $126.00 and gave the stock an "outperform" rating in a report on Monday, August 19th. Three equities research 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 presently has an average rating of "Moderate Buy" and an average target price of $127.41.

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 15,000 shares of the 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 owns 536,148 shares of the company's stock, valued at $63,018,835.92. This represents a 2.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company 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.