The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Raymond James Trust N.A.

Raymond James Trust N.A. trimmed its position in shares of The TJX Companies, Inc. (NYSE:TJXGet Rating) by 2.2% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,723 shares of the apparel and home fashions retailer’s stock after selling 1,235 shares during the period. Raymond James Trust N.A.’s holdings in TJX Companies were worth $3,000,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Financial Management Professionals Inc. increased its holdings in TJX Companies by 117.7% in the second quarter. Financial Management Professionals Inc. now owns 468 shares of the apparel and home fashions retailer’s stock valued at $26,000 after buying an additional 253 shares during the last quarter. Intelligent Financial Strategies acquired a new stake in shares of TJX Companies during the fourth quarter worth about $30,000. Herold Advisors Inc. acquired a new stake in shares of TJX Companies during the first quarter worth about $30,000. MCF Advisors LLC acquired a new stake in shares of TJX Companies during the first quarter worth about $33,000. Finally, James Reed Financial Services Inc. acquired a new stake in shares of TJX Companies during the fourth quarter worth about $37,000. Hedge funds and other institutional investors own 90.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TJX. JPMorgan Chase & Co. raised their price objective on shares of TJX Companies from $71.00 to $80.00 in a research report on Friday, September 16th. StockNews.com downgraded shares of TJX Companies from a “buy” rating to a “hold” rating in a research report on Thursday, July 28th. The Goldman Sachs Group began coverage on shares of TJX Companies in a research report on Tuesday, August 2nd. They issued a “neutral” rating and a $70.00 price objective for the company. Loop Capital raised their price objective on shares of TJX Companies from $60.00 to $65.00 in a research report on Friday, August 19th. Finally, Barclays raised their price objective on shares of TJX Companies from $72.00 to $76.00 and gave the company an “overweight” rating in a research report on Friday, August 19th. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $74.94.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 50,282 shares of TJX Companies stock in a transaction that occurred on Thursday, September 8th. The shares were sold at an average price of $65.90, for a total value of $3,313,583.80. Following the completion of the sale, the chief executive officer now directly owns 696,439 shares of the company’s stock, valued at approximately $45,895,330.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other TJX Companies news, Chairman Carol Meyrowitz sold 70,720 shares of TJX Companies stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $67.62, for a total value of $4,782,086.40. Following the transaction, the chairman now owns 264,967 shares in the company, valued at approximately $17,917,068.54. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Ernie Herrman sold 50,282 shares of TJX Companies stock in a transaction on Thursday, September 8th. The shares were sold at an average price of $65.90, for a total transaction of $3,313,583.80. Following the completion of the transaction, the chief executive officer now owns 696,439 shares in the company, valued at approximately $45,895,330.10. The disclosure for this sale can be found here. In the last three months, insiders sold 146,375 shares of company stock valued at $9,821,034. Company insiders own 0.19% of the company’s stock.

TJX Companies Trading Down 1.5 %

Shares of TJX opened at $62.01 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.17 and a quick ratio of 0.47. The firm has a 50 day simple moving average of $63.80 and a 200-day simple moving average of $61.65. The TJX Companies, Inc. has a 1-year low of $53.69 and a 1-year high of $77.35. The stock has a market cap of $72.00 billion, a price-to-earnings ratio of 22.15, a price-to-earnings-growth ratio of 1.93 and a beta of 0.90.

TJX Companies (NYSE:TJXGet Rating) last released its earnings results on Wednesday, August 17th. The apparel and home fashions retailer reported $0.69 EPS for the quarter, topping the consensus estimate of $0.67 by $0.02. The firm had revenue of $11.84 billion during the quarter, compared to analysts’ expectations of $12.05 billion. TJX Companies had a net margin of 6.77% and a return on equity of 61.19%. TJX Companies’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.79 EPS. Equities analysts forecast that The TJX Companies, Inc. will post 3.11 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, November 10th will be paid a $0.295 dividend. The ex-dividend date of this dividend is Wednesday, November 9th. This represents a $1.18 annualized dividend and a yield of 1.90%. TJX Companies’s payout ratio is currently 42.14%.

TJX Companies Profile

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The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer. 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.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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