Heartland Bank & Trust Co Sells 125 Shares of The TJX Companies, Inc. (NYSE:TJX)

Heartland Bank & Trust Co decreased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,936 shares of the apparel and home fashions retailer’s stock after selling 125 shares during the period. Heartland Bank & Trust Co’s holdings in TJX Companies were worth $463,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Richard W. Paul & Associates LLC purchased a new stake in TJX Companies during the second quarter valued at about $25,000. Valued Wealth Advisors LLC raised its position in TJX Companies by 260.3% during the first quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock valued at $25,000 after purchasing an additional 177 shares in the last quarter. Copeland Capital Management LLC purchased a new position in shares of TJX Companies in the third quarter worth about $30,000. New Millennium Group LLC purchased a new position in shares of TJX Companies in the second quarter worth about $34,000. Finally, Northwest Investment Counselors LLC purchased a new position in shares of TJX Companies in the third quarter worth about $37,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on TJX shares. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a report on Sunday, September 15th. Evercore ISI boosted their price target on TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a report on Monday, August 19th. TD Cowen boosted their price target 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 boosted their price target on TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Finally, Bank of America boosted their price target on TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $126.76.

TJX Companies Stock Performance

Shares of TJX opened at $114.24 on Thursday. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37. The business’s 50 day moving average price is $116.67 and its 200-day moving average price is $109.05. The TJX Companies, Inc. has a 52 week low of $86.92 and a 52 week high of $121.13. The stock has a market cap of $128.85 billion, a P/E ratio of 27.59, a P/E/G ratio of 2.91 and a beta of 0.89.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The company had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.31 billion. During the same period in the previous year, the business earned $0.85 EPS. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. Equities research analysts anticipate that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be issued a $0.375 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a yield of 1.31%. TJX Companies’s payout ratio is currently 36.23%.

Insider Buying and Selling

In other TJX Companies 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 transaction 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 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is owned by company 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.