Associated Banc Corp Sells 301 Shares of The TJX Companies, Inc. (NYSE:TJX)

Associated Banc Corp lessened its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 36,785 shares of the apparel and home fashions retailer’s stock after selling 301 shares during the quarter. Associated Banc Corp’s holdings in TJX Companies were worth $4,324,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Gamco Investors INC. ET AL grew its stake in TJX Companies by 12.0% during the first quarter. Gamco Investors INC. ET AL now owns 2,800 shares of the apparel and home fashions retailer’s stock valued at $284,000 after acquiring an additional 300 shares in the last quarter. Empirical Capital Management LLC grew its position in shares of TJX Companies by 29.0% during the first quarter. Empirical Capital Management LLC now owns 100,000 shares of the apparel and home fashions retailer’s stock valued at $10,142,000 after purchasing an additional 22,500 shares in the last quarter. SkyView Investment Advisors LLC purchased a new position in shares of TJX Companies during the first quarter valued at about $931,000. Hancock Whitney Corp increased its holdings in shares of TJX Companies by 398.8% in the first quarter. Hancock Whitney Corp now owns 131,158 shares of the apparel and home fashions retailer’s stock worth $13,302,000 after purchasing an additional 104,861 shares during the last quarter. Finally, Comerica Bank boosted its stake in TJX Companies by 0.5% during the first quarter. Comerica Bank now owns 390,597 shares of the apparel and home fashions retailer’s stock valued at $39,614,000 after buying an additional 1,989 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Performance

Shares of TJX Companies stock opened at $124.84 on Tuesday. The TJX Companies, Inc. has a 52 week low of $87.44 and a 52 week high of $125.43. The company has a market capitalization of $140.80 billion, a PE ratio of 29.37, a price-to-earnings-growth ratio of 2.99 and a beta of 0.89. The stock’s fifty day moving average is $116.63 and its two-hundred day moving average is $112.69. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

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

TJX Companies Announces Dividend

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 paid a $0.375 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 annualized dividend and a yield of 1.20%. TJX Companies’s dividend payout ratio (DPR) is currently 35.29%.

Insiders Place Their Bets

In other news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction on 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 owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. This represents a 2.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Citigroup downgraded TJX Companies from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $110.00 to $128.00 in a research note on Thursday, August 22nd. Deutsche Bank Aktiengesellschaft upped their price target on shares of TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. TD Cowen lifted their price objective on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday. UBS Group upped their target price on shares of TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Finally, BMO Capital Markets lifted their price target on TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target 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.