Simmons Bank Sells 310 Shares of The TJX Companies, Inc. (NYSE:TJX)

Simmons Bank trimmed its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,925 shares of the apparel and home fashions retailer’s stock after selling 310 shares during the quarter. Simmons Bank’s holdings in TJX Companies were worth $2,342,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of TJX. Avantax Advisory Services Inc. lifted its holdings in TJX Companies by 2.6% during the 1st quarter. Avantax Advisory Services Inc. now owns 24,337 shares of the apparel and home fashions retailer’s stock valued at $2,468,000 after purchasing an additional 607 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised its stake in shares of TJX Companies by 4.6% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 8,709 shares of the apparel and home fashions retailer’s stock valued at $883,000 after acquiring an additional 380 shares during the last quarter. Banco BTG Pactual S.A. acquired a new position in shares of TJX Companies in the 1st quarter worth approximately $3,318,000. Motco grew its position in TJX Companies by 0.7% during the 1st quarter. Motco now owns 112,586 shares of the apparel and home fashions retailer’s stock worth $11,418,000 after acquiring an additional 815 shares during the last quarter. Finally, J.Safra Asset Management Corp increased its holdings in TJX Companies by 15.5% during the 1st quarter. J.Safra Asset Management Corp now owns 1,381 shares of the apparel and home fashions retailer’s stock valued at $140,000 after purchasing an additional 185 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Price Performance

Shares of TJX opened at $121.19 on Thursday. The stock has a market cap of $136.69 billion, a P/E ratio of 29.27, a price-to-earnings-growth ratio of 3.03 and a beta of 0.89. The TJX Companies, Inc. has a 1 year low of $87.26 and a 1 year high of $121.92. The stock’s 50-day moving average price is $116.13 and its two-hundred day moving average price is $111.14. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37.

TJX Companies (NYSE:TJX) last announced 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 period last year, the company posted $0.85 EPS. On average, equities analysts predict that The TJX Companies, Inc. will post 4.14 earnings per share for the current year.

TJX Companies Announces Dividend

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 $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is 36.23%.

Insider Activity at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.13% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on TJX shares. Telsey Advisory Group reissued an “outperform” rating and issued a $134.00 price objective on shares of TJX Companies in a research note on Wednesday. Loop Capital increased their price objective on shares of TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. UBS Group boosted their target price on shares of TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Citigroup cut shares of TJX Companies from a “buy” rating to a “neutral” rating and increased their price target for the company from $110.00 to $128.00 in a research note on Thursday, August 22nd. Finally, Evercore ISI boosted their price objective on shares of TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $127.12.

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.