First Western Trust Bank Sells 2,530 Shares of The TJX Companies, Inc. (NYSE:TJX)

First Western Trust Bank cut its holdings in The TJX Companies, Inc. (NYSE:TJX) by 3.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 82,168 shares of the apparel and home fashions retailer’s stock after selling 2,530 shares during the quarter. TJX Companies comprises 0.5% of First Western Trust Bank’s holdings, making the stock its 18th biggest position. First Western Trust Bank’s holdings in TJX Companies were worth $9,927,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Broderick Brian C boosted its stake in TJX Companies by 3.6% in the 4th quarter. Broderick Brian C now owns 109,629 shares of the apparel and home fashions retailer’s stock worth $13,244,000 after purchasing an additional 3,765 shares during the period. Savoir Faire Capital Management L.P. lifted its holdings in shares of TJX Companies by 131.3% in the fourth quarter. Savoir Faire Capital Management L.P. now owns 70,061 shares of the apparel and home fashions retailer’s stock valued at $8,464,000 after purchasing an additional 39,777 shares in the last quarter. Landscape Capital Management L.L.C. boosted its position in shares of TJX Companies by 7.5% during the fourth quarter. Landscape Capital Management L.L.C. now owns 22,311 shares of the apparel and home fashions retailer’s stock worth $2,695,000 after buying an additional 1,549 shares during the period. Annis Gardner Whiting Capital Advisors LLC grew its holdings in shares of TJX Companies by 7.0% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,471 shares of the apparel and home fashions retailer’s stock worth $299,000 after buying an additional 161 shares in the last quarter. Finally, Arete Wealth Advisors LLC raised its position in TJX Companies by 46.5% in the 4th quarter. Arete Wealth Advisors LLC now owns 10,348 shares of the apparel and home fashions retailer’s stock valued at $1,249,000 after buying an additional 3,284 shares during the last quarter. 91.09% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Ernie Herrman sold 23,428 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total value of $2,882,346.84. Following the transaction, the chief executive officer now directly owns 484,189 shares in the company, valued at approximately $59,569,772.67. This represents a 4.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Alan M. Bennett sold 8,000 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $123.53, for a total transaction of $988,240.00. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

Analyst Ratings Changes

TJX has been the topic of a number of recent research reports. Wells Fargo & Company lifted their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. Telsey Advisory Group reiterated an “outperform” rating and issued a $145.00 price target on shares of TJX Companies in a research note on Thursday, February 27th. UBS Group increased their price objective on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Jefferies Financial Group raised their price objective on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, BMO Capital Markets upped their target price on TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, TJX Companies currently has a consensus rating of “Moderate Buy” and an average price target of $135.76.

TJX Companies Stock Up 0.3 %

TJX opened at $125.32 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The stock’s fifty day simple moving average is $121.70 and its 200 day simple moving average is $120.35. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00. The stock has a market cap of $140.88 billion, a PE ratio of 29.49, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.07. The company had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. As a group, research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend is Thursday, May 15th. This is a boost from TJX Companies’s previous quarterly dividend of $0.38. TJX Companies’s payout ratio is currently 35.21%.

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.