FineMark National Bank & Trust Cuts Holdings in The TJX Companies, Inc. (NYSE:TJX)

FineMark National Bank & Trust decreased its position in The TJX Companies, Inc. (NYSE:TJXGet Rating) by 0.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 233,434 shares of the apparel and home fashions retailer’s stock after selling 861 shares during the period. TJX Companies accounts for about 0.7% of FineMark National Bank & Trust’s portfolio, making the stock its 29th largest position. FineMark National Bank & Trust’s holdings in TJX Companies were worth $17,722,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TJX. Manchester Capital Management LLC boosted its holdings in shares of TJX Companies by 2.9% in the fourth quarter. Manchester Capital Management LLC now owns 5,380 shares of the apparel and home fashions retailer’s stock worth $408,000 after acquiring an additional 150 shares during the period. TrinityPoint Wealth LLC raised its position in TJX Companies by 0.5% during the third quarter. TrinityPoint Wealth LLC now owns 29,551 shares of the apparel and home fashions retailer’s stock valued at $1,950,000 after purchasing an additional 152 shares in the last quarter. CWA Asset Management Group LLC increased its holdings in shares of TJX Companies by 3.7% in the third quarter. CWA Asset Management Group LLC now owns 4,387 shares of the apparel and home fashions retailer’s stock worth $289,000 after buying an additional 156 shares during the period. Eastern Bank grew its stake in shares of TJX Companies by 0.4% in the fourth quarter. Eastern Bank now owns 45,301 shares of the apparel and home fashions retailer’s stock worth $3,439,000 after purchasing an additional 163 shares during the last quarter. Finally, Proficio Capital Partners LLC grew its stake in shares of TJX Companies by 4.0% in the third quarter. Proficio Capital Partners LLC now owns 4,383 shares of the apparel and home fashions retailer’s stock worth $289,000 after purchasing an additional 169 shares during the last quarter. 91.45% of the stock is owned by institutional investors.

In other TJX Companies news, CFO Scott Goldenberg sold 30,000 shares of the firm’s stock in a transaction dated Thursday, May 19th. The shares were sold at an average price of $62.03, for a total transaction of $1,860,900.00. Following the sale, the chief financial officer now directly owns 119,127 shares of the company’s stock, valued at approximately $7,389,447.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kenneth Canestrari sold 35,827 shares of the firm’s stock in a transaction that occurred on Thursday, May 19th. The stock was sold at an average price of $61.04, for a total transaction of $2,186,880.08. Following the completion of the sale, the executive vice president now directly owns 160,899 shares in the company, valued at $9,821,274.96. The disclosure for this sale can be found here. 0.19% of the stock is owned by corporate insiders.

Several research firms have weighed in on TJX. Wells Fargo & Company cut TJX Companies from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $75.00 to $60.00 in a research report on Tuesday, April 5th. Sanford C. Bernstein assumed coverage on shares of TJX Companies in a report on Monday, March 14th. They set a “market perform” rating and a $68.00 target price for the company. Truist Financial lowered their target price on shares of TJX Companies from $88.00 to $82.00 in a report on Thursday, February 24th. Credit Suisse Group lifted their target price on shares of TJX Companies from $73.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday. Finally, StockNews.com started coverage on shares of TJX Companies in a report on Thursday, March 31st. They issued a “buy” rating for the company. Three analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $77.60.

TJX traded down $3.54 during trading hours on Friday, hitting $57.87. 15,718,957 shares of the company’s stock were exchanged, compared to its average volume of 8,531,235. The company has a current ratio of 1.25, a quick ratio of 0.70 and a debt-to-equity ratio of 0.60. The TJX Companies, Inc. has a 12-month low of $53.69 and a 12-month high of $77.35. The firm has a market cap of $67.96 billion, a P/E ratio of 21.04, a price-to-earnings-growth ratio of 1.86 and a beta of 0.88. The firm has a 50 day moving average of $61.30 and a 200 day moving average of $66.99.

TJX Companies (NYSE:TJXGet Rating) last posted its quarterly earnings results on Wednesday, May 18th. The apparel and home fashions retailer reported $0.68 EPS for the quarter, topping the consensus estimate of $0.60 by $0.08. TJX Companies had a net margin of 6.69% and a return on equity of 61.28%. The company had revenue of $11.41 billion during the quarter, compared to analysts’ expectations of $11.58 billion. During the same quarter in the previous year, the business posted $0.44 EPS. The firm’s revenue was up 13.1% on a year-over-year basis. As a group, research analysts expect that The TJX Companies, Inc. will post 3.14 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 2nd. Investors of record on Thursday, May 12th will be paid a dividend of $0.295 per share. The ex-dividend date is Wednesday, May 11th. This represents a $1.18 dividend on an annualized basis and a yield of 2.04%. This is a boost from TJX Companies’s previous quarterly dividend of $0.26. TJX Companies’s dividend payout ratio is currently 42.91%.

TJX Companies Company Profile (Get Rating)

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; jewelry and accessories; and other merchandise.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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