First National Bank of Omaha Reduces Its Stake in TJX Companies

First National Bank of Omaha has decreased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 12.3% during the third quarter. This information comes from the bank's latest 13F filing with the Securities & Exchange Commission. As a result of the sale, the bank now owns 109,119 shares of the popular apparel and home fashions retailer after selling 15,305 shares within this period. The TJX Companies constitutes approximately 0.8% of First National Bank of Omaha's total investments, making it the bank's 25th largest holding. By the end of the most recent reporting period, the value of First National Bank of Omaha's holdings in TJX Companies was estimated at $12,826,000.

Changes in Large Investor Positions

Other significant investors have also made modifications to their stakes in the company. For instance, Hartford Funds Management Co LLC increased its holdings in TJX Companies by 0.5% during the third quarter, now owning 17,926 shares valued at $2,107,000 after purchasing an extra 86 shares. Similarly, Stablepoint Partners LLC raised its holdings by 0.3% and currently possesses 26,922 shares worth $3,164,000 following an addition of 89 shares. Furthermore, Dearborn Partners LLC boosted its position by 4.0% in the second quarter, owning 2,359 shares valued at $260,000 after acquiring another 90 shares. Concorde Asset Management LLC and Signature Estate & Investment Advisors LLC also increased their stakes slightly in the second quarter, adding to their respective holdings during the period. Overall, hedge funds and institutional investors own about 91.09% of the stock.

Analysts' Rating Updates

The TJX Companies has been analyzed by various research firms recently. StockNews.com upgraded its rating for TJX from "hold" to "buy" on November 30th. Citigroup, however, downgraded the stock from "buy" to "neutral," while also raising its price target from $110 to $128. Loop Capital increased its target from $125 to $140 and maintained its "buy" status for the stock. Wells Fargo & Company also raised its target price from $100 to $115, rating the stock as "equal weight." Lastly, Bank of America increased its target on the stock from $115 to $135, affirming a "buy" rating. Currently, three analysts recommend holding the stock, while sixteen suggest buying it. According to MarketBeat.com, TJX Companies has a consensus rating of "Moderate Buy" with an average price target of $130.89.

CEO Transaction Details

In other news, CEO Ernie Herrman sold 15,000 shares of the company on September 10th at an average price of $117.54, totaling around $1,763,100. Following this sale, Herrman retains 536,148 shares in the company, which are valued at approximately $63,018,835.92. This transaction represents a 2.72% reduction in his position. Information about this sale has been disclosed in legal filings with the SEC.

TJX Companies Stock Performance

As of Friday, TJX Companies stock opened at $126.09. The company's one-year low is $88.43, while the high is $128.00. With a market capitalization of $141.75 billion, TJX Companies has a price-to-earnings ratio of 29.67. The company's current ratio stands at 1.19 and it has a quick ratio of 0.50. Recent quarterly earnings showed an earnings per share (EPS) of $1.14, surpassing estimates of $1.09, with net revenue reported at $14.06 billion, a growth of 6% year-over-year.

Dividend Payments

The TJX Companies has recently declared a quarterly dividend of $0.375, which was paid on December 5th to shareholders on record as of November 14th. This represents an annualized dividend of $1.50, translating to a yield of 1.19%. The dividend payout ratio stands at 35.29%.

About TJX Companies

The TJX Companies, Inc. operates as a retailer focused on off-price apparel and home fashions across various regions including the U.S., Canada, Europe, and Australia. The company has four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. Products include family apparel, home fashions, footwear, accessories, and decorative home products.

bank, shares, dividends