First Western Trust Bank Sells 2,530 Shares of The TJX Companies, Inc. (NYSE:TJX)

First Western Trust Bank lowered its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 82,168 shares of the apparel and home fashions retailer's stock after selling 2,530 shares during the quarter. TJX Companies comprises approximately 0.5% of First Western Trust Bank's investment portfolio, making the stock its 18th biggest holding. First Western Trust Bank's holdings in TJX Companies were worth $9,927,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its stake in TJX Companies by 1.7% during the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,987 shares of the apparel and home fashions retailer's stock valued at $603,000 after buying an additional 84 shares during the period. Nwam LLC boosted its holdings in shares of TJX Companies by 2.0% in the fourth quarter. Nwam LLC now owns 4,338 shares of the apparel and home fashions retailer's stock valued at $524,000 after acquiring an additional 84 shares in the last quarter. One Charles Private Wealth Services LLC increased its stake in shares of TJX Companies by 5.0% during the fourth quarter. One Charles Private Wealth Services LLC now owns 1,805 shares of the apparel and home fashions retailer's stock valued at $218,000 after acquiring an additional 86 shares during the period. Hamilton Capital LLC raised its holdings in TJX Companies by 3.9% during the third quarter. Hamilton Capital LLC now owns 2,413 shares of the apparel and home fashions retailer's stock worth $273,000 after purchasing an additional 90 shares in the last quarter. Finally, Breakwater Capital Group lifted its position in TJX Companies by 1.2% in the fourth quarter. Breakwater Capital Group now owns 7,696 shares of the apparel and home fashions retailer's stock worth $930,000 after purchasing an additional 91 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

TJX Companies Stock Down 2.8 %

Shares of TJX stock traded down $3.51 on Friday, reaching $121.92. 12,959,431 shares of the company's stock traded hands, compared to its average volume of 5,264,766. The business's 50 day moving average price is $121.69 and its two-hundred day moving average price is $120.38. The company has a market capitalization of $136.20 billion, a P/E ratio of 28.69, a price-to-earnings-growth ratio of 2.75 and a beta of 0.86. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.33.

TJX Companies (NYSE:TJX - Get Free Report) last released its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.07. The company had revenue of $16.35 billion for the quarter, compared to analysts' expectations of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. On average, equities analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be paid a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 1.39%. The ex-dividend date is Thursday, May 15th. This is a positive change from TJX Companies's previous quarterly dividend of $0.38. TJX Companies's dividend payout ratio is currently 39.91%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. UBS Group lifted their price target on TJX Companies from $148.00 to $151.00 and gave the company a "buy" rating in a research report on Friday, January 10th. Wells Fargo & Company lifted their target price on TJX Companies from $115.00 to $120.00 and gave the stock an "equal weight" rating in a report on Friday, January 10th. Morgan Stanley boosted their price target on shares of TJX Companies from $130.00 to $135.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. StockNews.com lowered shares of TJX Companies from a "buy" rating to a "hold" rating in a research report on Friday. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $145.00 target price on shares of TJX Companies in a report on Thursday, February 27th. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $135.76.

Insiders Place Their Bets

In related news, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the completion of the sale, the chief executive officer now directly owns 484,189 shares in the company, valued at approximately $59,569,772.67. This trade represents a 4.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alan M. Bennett sold 8,000 shares of the business's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $123.53, for a total value of $988,240.00. The disclosure for this sale can be found here. 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.