The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Pioneer Trust Bank N A OR

Pioneer Trust Bank N A OR lessened its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 9.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,383 shares of the apparel and home fashions retailer’s stock after selling 4,690 shares during the quarter. Pioneer Trust Bank N A OR’s holdings in TJX Companies were worth $5,362,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bogart Wealth LLC acquired a new position in shares of TJX Companies during the 4th quarter valued at $25,000. Trivant Custom Portfolio Group LLC bought a new stake in TJX Companies in the fourth quarter worth about $26,000. Legacy Investment Solutions LLC acquired a new stake in TJX Companies in the 3rd quarter valued at about $30,000. SOA Wealth Advisors LLC. bought a new position in shares of TJX Companies during the 4th quarter valued at about $30,000. Finally, Millstone Evans Group LLC acquired a new position in shares of TJX Companies in the 4th quarter worth approximately $30,000. Institutional investors own 91.09% of the company’s stock.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 23,428 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total value of $2,882,346.84. Following the sale, the chief executive officer now directly owns 484,189 shares of the company’s stock, 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 document filed with the SEC, which can be accessed through this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction that occurred on 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. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Trading Down 2.8 %

NYSE:TJX opened at $121.92 on Friday. 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 company has a market capitalization of $137.06 billion, a P/E ratio of 28.69, a P/E/G ratio of 2.75 and a beta of 0.96. The stock’s 50 day moving average price is $121.69 and its 200 day moving average price is $120.37. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $128.33.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.07. The business had revenue of $16.35 billion during the quarter, compared to analyst estimates of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. On average, research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be issued a $0.425 dividend. This is a positive change from TJX Companies’s previous quarterly dividend of $0.38. This represents a $1.70 annualized dividend and a yield of 1.39%. The ex-dividend date is Thursday, May 15th. TJX Companies’s payout ratio is 35.21%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TJX. Wells Fargo & Company raised their target price on shares of 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 lifted their target price on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Robert W. Baird upped their target price on TJX Companies from $138.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Telsey Advisory Group reissued an “outperform” rating and issued a $145.00 price target on shares of TJX Companies in a research note on Thursday, February 27th. Finally, BMO Capital Markets raised their target price on shares of TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $135.76.

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.