Washington Trust Bank Sells 10,974 Shares of The TJX Companies, Inc. (NYSE:TJX)

Washington Trust Bank lessened its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 6.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 147,083 shares of the apparel and home fashions retailer's stock after selling 10,974 shares during the quarter. TJX Companies accounts for approximately 1.7% of Washington Trust Bank's portfolio, making the stock its 20th largest position. Washington Trust Bank's holdings in TJX Companies were worth $17,288,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Richard W. Paul & Associates LLC purchased a new position in TJX Companies during the 2nd quarter worth $25,000. Copeland Capital Management LLC bought a new stake in TJX Companies in the 3rd quarter worth about $30,000. New Millennium Group LLC bought a new stake in TJX Companies in the 2nd quarter worth about $34,000. Northwest Investment Counselors LLC purchased a new stake in TJX Companies in the 3rd quarter valued at about $37,000. Finally, Anfield Capital Management LLC bought a new position in shares of TJX Companies during the 2nd quarter worth approximately $37,000. Institutional investors and hedge funds own 91.09% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. TD Cowen upped their target price on TJX Companies from $120.00 to $125.00 and gave the company a "buy" rating in a report on Thursday, August 22nd. BMO Capital Markets raised their target price on TJX Companies from $116.00 to $133.00 and gave the company an "outperform" rating in a research report on Thursday, August 22nd. Morgan Stanley boosted their price target 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. Barclays increased their target price on shares of TJX Companies from $114.00 to $136.00 and gave the company an "overweight" rating in a research report on Thursday, August 22nd. Finally, Citigroup cut shares of TJX Companies from a "buy" rating to a "neutral" rating and lifted their price target for the stock from $110.00 to $128.00 in a report on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, TJX Companies currently has a consensus rating of "Moderate Buy" and a consensus price target of $126.76.

TJX Companies Price Performance

NYSE TJX traded up $1.22 during trading hours on Thursday, hitting $116.85. The company had a trading volume of 5,245,171 shares, compared to its average volume of 5,235,708. 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 firm has a market capitalization of $131.79 billion, a price-to-earnings ratio of 28.37, a PEG ratio of 2.85 and a beta of 0.89. The TJX Companies, Inc. has a 52 week low of $87.26 and a 52 week high of $121.13. The firm has a 50 day simple moving average of $116.07 and a 200 day simple moving average of $110.39.

TJX Companies (NYSE:TJX - Get Free Report) last released 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. The company had revenue of $13.47 billion during 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%. TJX Companies's revenue was up 5.6% compared to the same quarter last year. During the same period last year, the business earned $0.85 earnings per share. Equities research analysts expect that The TJX Companies, Inc. will post 4.15 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 annualized dividend and a yield of 1.28%. TJX Companies's dividend payout ratio (DPR) is presently 36.23%.

Insider Activity at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction dated 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 owns 536,148 shares of the company's stock, valued at $63,018,835.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is owned by insiders.

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.