The TJX Companies, Inc. (NYSE:TJX) Shares Sold by German American Bancorp Inc.

German American Bancorp Inc. cut its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.9% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 6,317 shares of the apparel and home fashions retailer’s stock after selling 255 shares during the period. German American Bancorp Inc.’s holdings in TJX Companies were worth $742,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its position in shares of 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 valued at $1,249,237,000 after buying an additional 3,255,849 shares during the period. PineStone Asset Management Inc. boosted its position in shares of TJX Companies by 134.2% during 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 in the last quarter. Ameriprise Financial Inc. boosted its holdings 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 valued at $1,347,934,000 after buying an additional 3,063,318 shares in the last quarter. Capital Wealth Planning LLC purchased a new position in TJX Companies during the 2nd quarter worth approximately $315,698,000. Finally, Los Angeles Capital Management LLC grew its position in TJX Companies by 80.6% during 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 purchasing an additional 1,313,517 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Transactions at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $63,018,835.92. This represents a 2.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.13% of the company’s stock.

TJX Companies Price Performance

Shares of NYSE TJX opened at $119.74 on Thursday. 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 firm has a market capitalization of $135.05 billion, a PE ratio of 28.92, a P/E/G ratio of 3.03 and a beta of 0.89. The TJX Companies, Inc. has a 1-year low of $87.44 and a 1-year high of $122.10. The business’s fifty day moving average price is $116.46 and its two-hundred day moving average price is $112.09.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data 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 8.56% and a return on equity of 63.19%. The firm had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. During the same period last year, the firm posted $1.03 EPS. TJX Companies’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, research analysts expect that The TJX Companies, Inc. will post 4.14 EPS for the current year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 annualized dividend and a yield of 1.25%. TJX Companies’s payout ratio is 36.23%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TJX. Morgan Stanley boosted their price target on shares of TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. BMO Capital Markets increased their price target on shares of TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. TD Cowen raised their target price on shares of TJX Companies from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, November 15th. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Sunday, September 15th. Finally, Citigroup lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and upped their target price for the company from $110.00 to $128.00 in a research note on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $127.41.

About TJX Companies

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.