Stock Yards Bank & Trust Co. Sells 2,008 Shares of The TJX Companies, Inc. (NYSE:TJX)

Stock Yards Bank & Trust Co. lessened its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 4.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 44,305 shares of the apparel and home fashions retailer’s stock after selling 2,008 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in TJX Companies were worth $4,878,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in TJX. Dearborn Partners LLC boosted its position in TJX Companies by 4.0% during the 2nd quarter. Dearborn Partners LLC now owns 2,359 shares of the apparel and home fashions retailer’s stock valued at $260,000 after buying an additional 90 shares during the period. Wambolt & Associates LLC raised its stake in shares of TJX Companies by 1.4% during the second quarter. Wambolt & Associates LLC now owns 6,791 shares of the apparel and home fashions retailer’s stock valued at $751,000 after acquiring an additional 94 shares during the last quarter. Armbruster Capital Management Inc. boosted its holdings in shares of TJX Companies by 4.9% during the second quarter. Armbruster Capital Management Inc. now owns 2,097 shares of the apparel and home fashions retailer’s stock worth $231,000 after purchasing an additional 97 shares during the period. Aprio Wealth Management LLC grew its stake in shares of TJX Companies by 4.8% in the second quarter. Aprio Wealth Management LLC now owns 2,176 shares of the apparel and home fashions retailer’s stock worth $240,000 after purchasing an additional 99 shares during the last quarter. Finally, Mcdonald Partners LLC increased its holdings in TJX Companies by 4.4% during the 2nd quarter. Mcdonald Partners LLC now owns 2,344 shares of the apparel and home fashions retailer’s stock valued at $258,000 after purchasing an additional 99 shares during the period. Institutional investors own 91.09% of the company’s stock.

Insider Activity

In related news, CEO Ernie Herrman sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total value of $1,763,100.00. Following the completion of the transaction, the chief executive officer now directly owns 536,148 shares in the company, valued at approximately $63,018,835.92. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Trading Down 0.2 %

TJX Companies stock opened at $119.60 on Tuesday. The TJX Companies, Inc. has a 12 month low of $86.71 and a 12 month high of $121.13. The company has a market capitalization of $135.17 billion, a price-to-earnings ratio of 29.68, a price-to-earnings-growth ratio of 2.99 and a beta of 0.89. The business’s fifty day simple moving average is $114.48 and its two-hundred day simple moving average is $105.71. 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. The company had revenue of $13.47 billion for the quarter, compared to analysts’ expectations 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 was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.85 EPS. As a group, equities analysts predict that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TJX. TD Cowen increased their price objective on TJX Companies from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Citigroup lowered TJX Companies from a “buy” rating to a “neutral” rating and raised their price target for the stock from $110.00 to $128.00 in a research note on Thursday, August 22nd. Robert W. Baird boosted their price objective on shares of TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Sanford C. Bernstein upped their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. Finally, Bank of America lifted their target price on shares of TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $126.76.

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.