The TJX Companies, Inc. (NYSE:TJX) TEU Sells $321,891.00 in Stock

TJX, Inc. companies (NYSE: TJXGet a rating) EVP Kenneth Canestrari sold 4,100 shares of the company in a transaction dated Friday, November 18. The shares were sold at an average price of $78.51, for a total transaction of $321,891.00. Following the transaction, the executive vice president now owns 126,822 shares of the company, valued at approximately $9,956,795.22. The transaction was disclosed in an SEC filing, available at this link.

TJX Companies Sourcing Up 1.1%

NYSE: TJX traded at $0.84 in midday trading on Monday, reaching $79.00. The stock had a trading volume of 5,492,225 shares, compared to an average volume of 6,496,364. The company’s 50-day moving average is $67.62 and its 200-day moving average is 63 $.42. The TJX Companies, Inc. has a fifty-two week minimum of $53.69 and a fifty-two week maximum of $79.99. The stock has a market capitalization of $91.72 billion, a P/E ratio of 27.23, a PEG ratio of 2.39 and a beta of 0.90. The company has a debt ratio of 0.50, a current ratio of 1.16 and a quick ratio of 0.41.

TJX Company Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1. Investors of record on Thursday, November 10 will receive a dividend of $0.295. The ex-date of this dividend is Wednesday, November 9. This represents a dividend of $1.18 on an annualized basis and a dividend yield of 1.49%. TJX Companies’ dividend payout ratio is 41.11%.

Wall Street analysts predict growth

Several research companies have recently weighed in on TJX. Goldman Sachs Group raised its price target on TJX Companies shares from $71.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday. Cowen raised his price target on TJX Companies stock from $78.00 to $84.00 and gave the company an “outperform” rating in a research note on Thursday. Wells Fargo & Company raised its price target on TJX Companies stock from $70.00 to $74.00 and gave the company an “equal weight” rating in a research note on Thursday. Barclays raised its price target on TJX Companies shares from $76.00 to $94.00 and gave the company an “overweight” rating in a research note on Friday. Finally, TheStreet downgraded the shares of TJX Companies from a “c+” rating to a “b” rating in a Thursday, August 18 research note. Four investment analysts gave the stock a hold rating and fourteen gave the company a buy rating. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $82.42.

Institutional Trading of TJX Companies

A number of hedge funds and other institutional investors have recently increased or reduced their stake in TJX. National Pension Service increased its holdings of TJX Companies stock by 1.9% during the third quarter. National Pension Service now owns 1,804,561 shares of the homewear and fashion retailer’s stock worth $110,692,000 after buying 34,370 more shares last quarter. CENTRAL TRUST Co increased its equity stake in TJX Companies by 2.6% during Q3. CENTRAL TRUST Co now owns 48,865 shares of the clothing and home fashion retailer worth $3,036,000 after acquiring 1,253 additional shares in the last quarter. IMS Capital Management increased its equity stake in TJX Companies by 6.3% during the third quarter. IMS Capital Management now owns 5,725 shares of the homewear and fashion retailer worth $356,000 after acquiring 339 additional shares in the last quarter. Cape Cod Five Cents Savings Bank increased its holdings of TJX Companies stock by 3.2% in Q3. Cape Cod Five Cents Savings Bank now owns 91,162 shares of the clothing and home fashion retailer worth $5,663,000 after acquiring an additional 2,850 shares in the last quarter. Finally, Warther Private Wealth LLC acquired a new stock position in TJX Companies during Q3 worth approximately $363,000. 90.42% of the shares are currently held by institutional investors and hedge funds.

Company Profile TJX Companies

(Get a rating)

The TJX Companies, Inc., together with its subsidiaries, operates as a low-cost home fashion and apparel retailer. It operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. The company sells family clothing, including shoes and accessories; home fashion items, such as home staples, furniture, rugs, lighting products, gift items, home products, decorative accessories, table tops and kitchen utensils, as well as expanded departments for pets, children and gourmet foods; jewelry and accessories; and other goods.

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