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

First National Bank of Omaha has adjusted its investments by reducing its stake in The TJX Companies, Inc. (NYSE:TJX) by 12.3% during the third quarter. This information was revealed through their latest 13F filing with the Securities and Exchange Commission. As a result of this adjustment, the bank now holds 109,119 shares of the well-known apparel and home fashion retailer's stock, having sold 15,305 shares during the reporting period.

The TJX Companies account for approximately 0.8% of First National Bank of Omaha's total holdings, positioning it as the bank's 25th largest investment. The value of the shares held in TJX Companies is reported to be around $12,826,000 at the conclusion of the most recent reporting period.

In addition to First National Bank of Omaha, other significant investors have also modified their holdings in TJX Companies. Hartford Funds Management Co LLC increased its stake by 0.5% during the third quarter, resulting in a total of 17,926 shares worth $2,107,000 after acquiring an extra 86 shares. Similarly, Stablepoint Partners LLC raised its position by 0.3%, now owning 26,922 shares valued at $3,164,000 following the purchase of 89 additional shares.

Dearborn Partners LLC also enhanced its investment by 4.0% in the previous quarter, bringing its total holdings to 2,359 shares valued at $260,000 after acquiring an additional 90 shares. Meanwhile, Concorde Asset Management LLC boosted its stake by 2.8%, which resulted in ownership of 3,330 shares now worth $367,000 after a similar additional purchase.

Furthermore, Signature Estate & Investment Advisors LLC expanded its position by 3.4% during the third quarter, owning 2,706 shares valued at $318,000 after acquiring another 90 shares. Overall, institutional investors and hedge funds hold 91.09% of the stock in TJX Companies.

Updates from Analysts

TJX Companies has been frequently analyzed by market experts, resulting in various changes to stock ratings and price targets. StockNews.com upgraded the rating from "hold" to "buy" as of November 30th. In contrast, Citigroup adjusted its rating from "buy" to "neutral," raising its price target for the shares from $110.00 to $128.00 on August 22nd.

Additionally, Loop Capital raised its price target from $125.00 to $140.00, emphasizing a "buy" rating in a report also dated August 22nd. Wells Fargo & Company followed suit, increasing its price target for TJX shares from $100.00 to $115.00, categorizing the stock under a "equal weight" rating at the same time.

Bank of America also lifted its price target from $115.00 to $135.00 with a "buy" rating on August 22nd. In summary, three analysts have assigned a "hold" rating, while sixteen analysts have recommended buying the stock. Currently, MarketBeat.com states that TJX Companies has a consensus rating of "Moderate Buy" with an average price target of $130.89.

Insider Trading

In related news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock on September 10th for approximately $1,763,100 at an average price of $117.54 per share. As of this sale, Herrman now retains 536,148 shares, valued at around $63,018,835.92. This transaction indicates a 2.72% decrease in his position in the company. For reference, only 0.13% of the stock is owned by corporate insiders.

Recent Trading Performance

The TJX Companies stock opened at $126.09 last Friday, showcasing a 52-week range between a low of $88.43 and a high of $128.00. The average price for the last fifty days stands at $118.09, while the two-hundred day average price is $114.30. Financial indicators reflect a debt-to-equity ratio of 0.35, with a current ratio of 1.19 and a quick ratio of 0.50. The company boasts a market capitalization exceeding $141.75 billion, along with a price-to-earnings ratio of 29.67 and a PEG ratio of 3.10.

TJX Companies recently reported its quarterly earnings on November 20th, showcasing an earnings per share (EPS) of $1.14, surpassing the forecast of $1.09 by $0.05. The company noted a return on equity of 61.82% and a net margin of 8.63%. Revenue for the period was recorded at $14.06 billion, exceeding the consensus estimate of $13.95 billion, a 6.0% increase compared to the same quarter last year. Analysts anticipate the firm will achieve an EPS of 4.18 for the current fiscal year.

Dividend Announcements

The TJX Companies has recently declared a quarterly dividend, which was executed on December 5th. Shareholders on record as of November 14th were awarded a dividend of $0.375. This translates to an annualized dividend of $1.50, yielding a 1.19%. The ex-dividend date was also announced for November 14th, and the company's dividend payout ratio stands at 35.29%.

About The TJX Companies

The TJX Companies, Inc., along with its subsidiaries, operates as an off-price retailer for apparel and home fashions across several international markets, including the United States, Canada, Europe, and Australia. The company's operations are divided into four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The firm is known for selling a range of products, including family apparel, footwear, home essentials, decorative items, cookware, and even expanded gourmet food sections.

investment, bank, stock, reduction, holdings