Central Bank & Trust Co. Raises Holdings in The TJX Companies, Inc. (NYSE:TJX)

Central Bank & Trust Co. lifted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 9.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 18,755 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,569 shares during the quarter. Central Bank & Trust Co.’s holdings in TJX Companies were worth $2,266,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TJX. Trivant Custom Portfolio Group LLC purchased a new stake in shares of TJX Companies during the 4th quarter worth $26,000. Capital Performance Advisors LLP acquired a new stake in shares of TJX Companies in the third quarter valued at about $29,000. Truvestments Capital LLC purchased a new stake in TJX Companies during the third quarter worth about $29,000. Copeland Capital Management LLC acquired a new position in TJX Companies during the third quarter worth about $30,000. Finally, Legacy Investment Solutions LLC purchased a new position in TJX Companies in the third quarter valued at about $30,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft boosted their price target on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Wells Fargo & Company upped their target price on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. UBS Group lifted their price target on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Finally, Robert W. Baird lifted their target price on shares of TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, TJX Companies presently has a consensus rating of “Moderate Buy” and an average target price of $131.33.

TJX Companies Trading Up 0.4 %

Shares of TJX stock opened at $121.89 on Tuesday. The firm’s 50-day simple moving average is $122.56 and its 200-day simple moving average is $117.56. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00. The firm has a market cap of $137.03 billion, a P/E ratio of 28.68, a PEG ratio of 2.98 and a beta of 0.91.

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

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be paid a dividend of $0.375 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.50 annualized dividend and a yield of 1.23%. TJX Companies’s dividend payout ratio is presently 35.29%.

TJX Companies Company Profile

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.