The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Camden National Bank

Camden National Bank lowered its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 4.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 110,285 shares of the apparel and home fashions retailer’s stock after selling 5,501 shares during the period. TJX Companies accounts for 1.9% of Camden National Bank’s investment portfolio, making the stock its 16th largest holding. Camden National Bank’s holdings in TJX Companies were worth $12,963,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of TJX. Price T Rowe Associates Inc. MD boosted its stake in TJX Companies by 35.9% during the 1st 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 during the period. PineStone Asset Management Inc. lifted its stake in shares of TJX Companies by 134.2% in the 2nd 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 acquiring an additional 3,132,960 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of TJX Companies by 33.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer’s stock worth $1,347,934,000 after acquiring an additional 3,063,318 shares during the period. Capital Wealth Planning LLC acquired a new stake in shares of TJX Companies in the 2nd quarter worth $315,698,000. Finally, Los Angeles Capital Management LLC lifted its stake in shares of TJX Companies by 80.6% in the 2nd quarter. Los Angeles Capital Management LLC now owns 2,943,176 shares of the apparel and home fashions retailer’s stock worth $324,044,000 after acquiring an additional 1,313,517 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Performance

NYSE:TJX opened at $121.47 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.60 and a debt-to-equity ratio of 0.35. The firm has a 50-day moving average price of $116.52 and a two-hundred day moving average price of $112.31. The TJX Companies, Inc. has a twelve month low of $87.44 and a twelve month high of $122.10. The company has a market capitalization of $137.00 billion, a P/E ratio of 28.58, a price-to-earnings-growth ratio of 3.01 and a beta of 0.89.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. During the same period last year, the firm posted $1.03 EPS. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.375 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.23%. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. This trade represents a 2.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. 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. Barclays raised their target price on shares of TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Jefferies Financial Group raised their target price on shares of TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. StockNews.com cut shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Evercore ISI increased their price target on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a report on Thursday. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, TJX Companies has a consensus rating of “Moderate Buy” and a consensus target price of $129.47.

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.