Enterprise Bank & Trust Co Sells 537 Shares of The TJX Companies, Inc. (NYSE:TJX)

Enterprise Bank & Trust Co lowered its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 31,573 shares of the apparel and home fashions retailer’s stock after selling 537 shares during the period. TJX Companies comprises approximately 1.3% of Enterprise Bank & Trust Co’s investment portfolio, making the stock its 18th biggest holding. Enterprise Bank & Trust Co’s holdings in TJX Companies were worth $3,814,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. First Trust Direct Indexing L.P. grew its holdings in TJX Companies by 12.4% during the third quarter. First Trust Direct Indexing L.P. now owns 47,104 shares of the apparel and home fashions retailer’s stock worth $5,537,000 after buying an additional 5,207 shares in the last quarter. Unigestion Holding SA purchased a new position in TJX Companies during the 3rd quarter worth $22,684,000. Nordea Investment Management AB grew its stake in shares of TJX Companies by 13.3% in the 4th quarter. Nordea Investment Management AB now owns 7,031,237 shares of the apparel and home fashions retailer’s stock worth $850,428,000 after acquiring an additional 827,103 shares in the last quarter. EP Wealth Advisors LLC raised its holdings in shares of TJX Companies by 229.8% in the second quarter. EP Wealth Advisors LLC now owns 221,497 shares of the apparel and home fashions retailer’s stock valued at $24,387,000 after purchasing an additional 154,342 shares during the last quarter. Finally, Benjamin Edwards Inc. lifted its position in shares of TJX Companies by 333.6% during the third quarter. Benjamin Edwards Inc. now owns 112,590 shares of the apparel and home fashions retailer’s stock valued at $13,240,000 after purchasing an additional 86,626 shares in the last quarter. 91.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on TJX shares. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Wells Fargo & Company boosted their price objective on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Friday. Evercore ISI raised their target price on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. TD Cowen boosted their price target on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Finally, Jefferies Financial Group increased their price target on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $131.33.

TJX Companies Stock Performance

Shares of NYSE TJX traded down $0.48 during mid-day trading on Monday, hitting $119.58. The company had a trading volume of 2,034,522 shares, compared to its average volume of 4,176,303. The stock’s 50-day moving average price is $122.06 and its 200-day moving average price is $117.21. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00. The company has a market capitalization of $134.43 billion, a price-to-earnings ratio of 28.14, a P/E/G ratio of 3.07 and a beta of 0.91. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, topping the consensus estimate of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. During the same period in the previous year, the business earned $1.03 earnings per share. The firm’s revenue was up 6.0% on a year-over-year basis. On average, sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be paid a $0.375 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a yield of 1.25%. TJX Companies’s dividend payout ratio is presently 35.29%.

About TJX Companies

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.