First National Bank of Omaha Reduces Holdings in TJX Companies

First National Bank of Omaha has reduced its stake in The TJX Companies, Inc. (NYSE:TJX) by 12.3% during the third quarter, as indicated in the company’s latest 13F filing with the Securities and Exchange Commission. After selling 15,305 shares, the fund now holds 109,119 shares of the popular apparel and home fashions retailer, which makes up approximately 0.8% of its overall portfolio. This positions TJX Companies as the 25th largest holding for First National Bank of Omaha, with a total value of $12,826,000 as of the end of the recent reporting period.

Other notable investors have also adjusted their stakes in TJX Companies. For example, Hartford Funds Management Co LLC raised its holdings by 0.5% in the third quarter and now owns 17,926 shares worth $2,107,000 after acquiring an additional 86 shares. Similarly, Stablepoint Partners LLC increased its shares by 0.3%, holding 26,922 shares valued at $3,164,000 after adding 89 shares during the same timeframe. Additionally, Dearborn Partners LLC expanded its ownership by 4.0% in the previous quarter, bringing its total to 2,359 shares, worth $260,000 with another 90 shares acquired in the last quarter. Concorde Asset Management LLC also enhanced its stake by 2.8%, holding 3,330 shares worth $367,000 after purchasing an additional 90 shares. Signature Estate & Investment Advisors LLC grew its position by 3.4%, now owning 2,706 shares valued at $318,000 after acquiring 90 shares in the third quarter. Overall, 91.09% of TJX Companies' stock is owned by hedge funds and other institutional investors.

Analysts Update Price Predictions

In regards to market assessments, TJX has drawn attention from various research analysts. StockNews.com upgraded its rating on TJX Companies from “hold” to “buy” as of the November 30 report. Citigroup shifted its stance from a “buy” rating to “neutral,” increasing the price target from $110.00 to $128.00 in their research note released on August 22. Loop Capital also raised its target price for TJX from $125.00 to $140.00 while maintaining a “buy” rating, also announced on August 22. Similarly, Wells Fargo & Company adjusted their price target up from $100.00 to $115.00, with an “equal weight” rating as of August 22. Further, Bank of America raised its price target from $115.00 to $135.00, supporting a “buy” rating on the stock during the same period. Currently, three analysts provide a hold rating for the shares, while sixteen suggest a buy. According to MarketBeat.com, the overall consensus for TJX Companies stands at “Moderate Buy” with an average price target set at $130.89.

Recent Insider Activity

In related news, TJX Companies’ CEO, Ernie Herrman, executed a sale of 15,000 shares on September 10 at an average price of $117.54, totaling around $1,763,100.00. Following this transaction, Herrman continues to hold 536,148 shares valued at approximately $63,018,835.92, reflecting a decrease of 2.72% in his holdings. This transaction has been disclosed in a legal filing with the SEC.

TJX Stock Performance

On the trading front, shares of TJX Companies opened at $126.09 recently. Over the past year, TJX has experienced 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 holds a market cap of $141.75 billion, a price-to-earnings ratio of 29.67, a PEG ratio of 3.10, and a beta of 0.90.

The TJX Companies, Inc. released its quarterly earnings results on November 20, reporting earnings per share (EPS) of $1.14, which surpassed analysts' expectations of $1.09 by $0.05. The company achieved a return on equity of 61.82% and a net margin of 8.63%, with revenues amounting to $14.06 billion in the quarter, exceeding the anticipated $13.95 billion. This improvement marks a 6.0% increase compared to the same period last year, where the EPS was recorded at $1.03. Analysts project TJX Companies to report a forecasted EPS of 4.18 for the current fiscal year.

TJX Companies Dividend Information

The company has also declared a quarterly dividend recently, which shareholders received on December 5. Shareholders who were on record as of November 14 received a dividend of $0.375, indicating an annualized dividend of $1.50 and a yield of 1.19%. The ex-dividend date was established on November 14, and the company’s dividend payout ratio is 35.29%.

About TJX Companies

TJX Companies, Inc. is a leading off-price retailer of apparel and home fashions, operating across the United States, Canada, Europe, and Australia. Their business model includes four main segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. They offer a variety of products including family apparel, footwear, accessories, home fashions like furniture and decorative items, jewelry, and more.

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