The TJX Companies, Inc. (NYSE:TJX) Position Lessened by Nixon Peabody Trust Co.

Nixon Peabody Trust Co. decreased its position in The TJX Companies, Inc. (NYSE:TJX) by 6.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 168,642 shares of the apparel and home fashions retailer’s stock after selling 12,477 shares during the period. TJX Companies makes up approximately 1.7% of Nixon Peabody Trust Co.’s holdings, making the stock its 17th biggest position. Nixon Peabody Trust Co.’s holdings in TJX Companies were worth $19,822,000 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. Richard W. Paul & Associates LLC bought a new stake in shares of TJX Companies during the 2nd quarter worth about $25,000. Capital Performance Advisors LLP bought a new stake in TJX Companies during the third quarter worth approximately $29,000. Copeland Capital Management LLC acquired a new stake in TJX Companies in the third quarter worth approximately $30,000. New Millennium Group LLC bought a new position in TJX Companies during the 2nd quarter valued at $34,000. Finally, Anfield Capital Management LLC acquired a new position in shares of TJX Companies during the 2nd quarter valued at $37,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Stock Up 0.5 %

NYSE:TJX traded up $0.57 during mid-day trading on Monday, reaching $120.54. The stock had a trading volume of 187,588 shares, compared to its average volume of 5,206,725. The stock has a market cap of $135.95 billion, a P/E ratio of 28.98, a PEG ratio of 3.04 and a beta of 0.89. The business’s 50 day moving average is $116.33 and its 200 day moving average is $111.69. 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.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. The business had revenue of $13.47 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 5.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 EPS. As a group, sell-side analysts predict that The TJX Companies, Inc. will post 4.14 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.375 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.50 annualized dividend and a dividend yield of 1.24%. TJX Companies’s dividend payout ratio (DPR) is presently 36.23%.

Insider Activity

In other news, CEO Ernie Herrman sold 15,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total value 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 approximately $63,018,835.92. The trade was a 2.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

TJX has been the subject of several research reports. Citigroup cut TJX Companies from a “buy” rating to a “neutral” rating and raised their target price for the company from $110.00 to $128.00 in a research note on Thursday, August 22nd. Jefferies Financial Group increased their target price on shares of TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Sunday, September 15th. Morgan Stanley increased their price objective on TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Finally, UBS Group lifted their target price on TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $127.41.

TJX Companies 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.