First National Bank of Omaha Adjusts Stake in 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. This reduction was disclosed in the bank's latest 13F filing with the Securities and Exchange Commission. After selling 15,305 shares, the bank now holds 109,119 shares of this renowned apparel and home fashions retailer.

Currently, TJX Companies represents about 0.8% of First National Bank of Omaha's total assets, making it the bank's 25th largest holding. As of the latest reporting period, the value of First National Bank of Omaha's stake in TJX Companies amounted to approximately $12,826,000.

Changes by Other Investors

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

Furthermore, Dearborn Partners LLC increased its position by 4.0% in the previous quarter, holding 2,359 shares valued at $260,000 following the purchase of 90 additional shares. Concorde Asset Management LLC raised its stake by 2.8%, now owning 3,330 shares valued at $367,000 after purchasing 90 shares. Lastly, Signature Estate & Investment Advisors LLC expanded its position by 3.4%, owning 2,706 shares worth $318,000 after acquiring 90 more shares.

Overall, about 91.09% of TJX Companies' shares are owned by hedge funds and other institutional investors.

Analyst Perspectives

The stock of TJX Companies has recently attracted attention from research analysts. StockNews.com upgraded the company from a "hold" to a "buy" rating. On the other hand, Citigroup altered its stance, downgrading TJX from "buy" to "neutral" while raising the price target from $110.00 to $128.00. Loop Capital also increased its target price to $140.00 from $125.00, reiterating a "buy" rating.

Wells Fargo & Company elevated its price target from $100.00 to $115.00, giving it an "equal weight" rating. Additionally, Bank of America increased its price target from $115.00 to $135.00, maintaining a "buy" rating. Presently, there are three analysts who suggest holding the stock, while sixteen recommend buying it, leading to a consensus rating of "Moderate Buy" with an average price target of $130.89 according to MarketBeat.com.

Insider Activity

In insider trading news, CEO Ernie Herrman sold 15,000 shares of TJX Companies on September 10th at an average price of $117.54, totaling $1,763,100. Following this transaction, Herrman holds 536,148 shares valued at approximately $63,018,835.92, marking a 2.72% decrease in their position. This transaction was disclosed in a filing with the SEC.

Stock Performance

As of Friday, TJX Companies shares opened at $126.09. The stock has a one-year low of $88.43 and a high of $128.00. The company's fifty-day moving average is $118.09 while the two-hundred-day moving average stands at $114.30. TJX Companies has a market capitalization of $141.75 billion and a price-to-earnings ratio of 29.67.

Recently, TJX Companies reported its quarterly earnings on November 20th, revealing earnings of $1.14 per share, surpassing the consensus estimate of $1.09 by $0.05. The company also reported revenues of $14.06 billion compared to an expected $13.95 billion, reflecting a 6.0% increase from the previous year.

Dividend Information

The company has declared a quarterly dividend of $0.375, which was paid on December 5th to shareholders recorded on November 14th. This leads to an annualized dividend of $1.50, equating to a yield of 1.19%. The dividend payout ratio stands at 35.29%.

About TJX Companies

The TJX Companies, Inc. is a major off-price retailer expanding across numerous locations in the United States, Canada, Europe, and Australia. It operates via four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company focuses on offering a wide range of products including family apparel, home goods, jewelry, and more.

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