Nixon Peabody Trust Co. Has $19.82 Million Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Nixon Peabody Trust Co. cut its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 6.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 168,642 shares of the apparel and home fashions retailer's stock after selling 12,477 shares during the quarter. TJX Companies makes up approximately 1.7% of Nixon Peabody Trust Co.'s investment portfolio, making the stock its 17th largest holding. Nixon Peabody Trust Co.'s holdings in TJX Companies were worth $19,822,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TJX. Price T Rowe Associates Inc. MD boosted its position in TJX Companies by 35.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer's stock worth $1,249,237,000 after purchasing an additional 3,255,849 shares in the last quarter. PineStone Asset Management Inc. raised its stake in TJX Companies by 134.2% during the second quarter. PineStone Asset Management Inc. now owns 5,467,797 shares of the apparel and home fashions retailer's stock worth $602,004,000 after purchasing an additional 3,132,960 shares during the period. Ameriprise Financial Inc. lifted its holdings in TJX Companies by 33.4% in the second quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer's stock valued at $1,347,934,000 after acquiring an additional 3,063,318 shares during the last quarter. Capital Wealth Planning LLC acquired a new position in shares of TJX Companies in the 2nd quarter valued at $315,698,000. Finally, Los Angeles Capital Management LLC increased its position in shares of TJX Companies by 80.6% during the second quarter. Los Angeles Capital Management LLC now owns 2,943,176 shares of the apparel and home fashions retailer's stock valued at $324,044,000 after acquiring an additional 1,313,517 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. StockNews.com upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a report on Sunday, September 15th. Evercore ISI upped their target price on shares of TJX Companies from $115.00 to $126.00 and gave the company an "outperform" rating in a report on Monday, August 19th. Morgan Stanley lifted their price target on TJX Companies from $122.00 to $129.00 and gave the stock an "overweight" rating in a research report on Thursday, August 22nd. Citigroup cut shares of TJX Companies from a "buy" rating to a "neutral" rating and raised their target price for the stock from $110.00 to $128.00 in a research note on Thursday, August 22nd. Finally, TD Cowen boosted their target price on shares of TJX Companies from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Friday. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, TJX Companies currently has a consensus rating of "Moderate Buy" and a consensus target price of $127.41.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the company's stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the completion of the sale, the chief executive officer now directly owns 536,148 shares in the company, 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 Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is currently owned by insiders.

TJX Companies Trading Down 0.3 %

Shares of NYSE TJX traded down $0.30 during midday trading on Monday, hitting $119.67. The stock had a trading volume of 5,089,195 shares, compared to its average volume of 5,228,899. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60. The TJX Companies, Inc. has a fifty-two week low of $87.44 and a fifty-two week high of $122.10. The firm has a market cap of $134.97 billion, a P/E ratio of 28.98, a price-to-earnings-growth ratio of 3.04 and a beta of 0.89. The company's 50-day simple moving average is $116.33 and its 200 day simple moving average is $111.69.

TJX Companies (NYSE:TJX - Get Free Report) last posted its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.04. The company had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The business's revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period last year, the business posted $0.85 earnings per share. Research analysts anticipate that The TJX Companies, Inc. will post 4.14 EPS for the current year.

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be issued a $0.375 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.50 annualized dividend and a yield of 1.25%. TJX Companies's dividend payout ratio is currently 36.23%.

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.