First National Bank of Omaha Reduces Stake in The TJX Companies, Inc.

First National Bank of Omaha has reduced its investment in shares of The TJX Companies, Inc. (NYSE:TJX) by 12.3% during the third quarter, as reported in its latest 13F filing with the U.S. Securities and Exchange Commission. After selling 15,305 shares during this period, the fund now holds a total of 109,119 shares of the renowned apparel and home fashions retailer. This investment represents approximately 0.8% of First National Bank of Omaha's entire holdings, making TJX its 25th largest investment.

As of the end of the most recent quarter, the holdings in TJX Companies were valued at $12,826,000. The company is known for offering a wide range of off-price apparel and home goods.

Other Investment Adjustments in TJX Companies

Several other large institutional investors have also adjusted their positions in The TJX Companies. Hartford Funds Management Co LLC increased its stake in TJX by 0.5% during the third quarter, now owning 17,926 shares valued at $2,107,000 after acquiring an additional 86 shares. Similarly, Stablepoint Partners LLC raised its holdings by 0.3%, owning 26,922 shares worth $3,164,000 after a purchase of 89 shares.

In addition, Dearborn Partners LLC lifted its investment by 4.0% in the previous quarter. This firm now possesses 2,359 shares valued at $260,000 after acquiring 90 more shares. Concorde Asset Management LLC also increased its stake by 2.8%, owning 3,330 shares worth $367,000 following the addition of 90 shares.

Finally, Signature Estate & Investment Advisors LLC grew its position by 3.4% during the third quarter, now holding 2,706 shares valued at $318,000 after a purchase of 90 shares. Collectively, hedge funds and other institutional investors own approximately 91.09% of TJX's stock.

Analysts Update Price Targets

Research activities concerning TJX Companies have led to new price target updates. StockNews.com upgraded TJX from a "hold" rating to a "buy" rating recently. Citigroup downgraded its rating from "buy" to "neutral," slightly raising its price target from $110.00 to $128.00.

Loop Capital elevated its price target for TJX from $125.00 to $140.00 while maintaining a "buy" rating. Meanwhile, Wells Fargo & Company raised the price target from $100.00 to $115.00, assigning it an "equal weight" rating.

Bank of America also increased their price target for shares of TJX from $115.00 to $135.00, designating it as a "buy" as well. In total, three analysts have rated the stock as a hold, while sixteen analysts consider it a buy, leading to a consensus rating of "Moderate Buy" with an average price target set at $130.89.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of TJX stock on September 10th, at an average price of $117.54. The total proceeds from this transaction amounted to $1,763,100. Following this trade, Herrman now holds 536,148 shares valued at approximately $63,018,835.92, representing a decrease of 2.72% in his position. This sale was recorded in a filing with the SEC.

TJX Companies Stock Performance

As of Friday, TJX Companies stock opened at $126.09. Over the past year, its stock has fluctuated between a low of $88.43 and a high of $128.00. The fifty-day moving average stands at $118.09, while the two-hundred-day moving average is at $114.30. The company's market capitalization totals approximately $141.75 billion. It displays a price-to-earnings ratio of 29.67, a PEG ratio of 3.10, and a beta of 0.90.

Latest Earnings Results

The TJX Companies, Inc. recently announced its quarterly earnings on November 20th, reporting earnings of $1.14 per share, exceeding expectations by $0.05. The company achieved a return on equity of 61.82% and a net profit margin of 8.63%. The quarterly revenue reached $14.06 billion, surpassing the consensus estimate of $13.95 billion. This reflects a 6.0% increase in revenue compared to the previous year, where the earnings per share stood at $1.03.

TJX Companies Dividend Announcement

The firm also declared a quarterly dividend paid out on December 5th. Shareholders recorded on November 14th received a dividend of $0.375, translating to an annualized dividend of $1.50, which provides a yield of 1.19%. The ex-dividend date was November 14th, and the resulting dividend payout ratio is 35.29%.

About TJX Companies

The TJX Companies, Inc. operates as an off-price retailer of apparel and home fashions. The company has multiple segments, including Marmaxx, HomeGoods, TJX Canada, and TJX International, offering a variety of family apparel, home goods, and other merchandise.

Investment, Retail, Stock