445 Shares in The TJX Companies, Inc. (NYSE:TJX) Purchased by Bank of Jackson Hole Trust

Bank of Jackson Hole Trust purchased a new position in The TJX Companies, Inc. (NYSE:TJX) in the fourth quarter, Holdings Channel reports. The fund purchased 445 shares of the apparel and home fashions retailer’s stock, valued at approximately $54,000.

A number of other hedge funds have also bought and sold shares of TJX. Bogart Wealth LLC acquired a new position in TJX Companies in the fourth quarter worth about $25,000. Trivant Custom Portfolio Group LLC acquired a new position in TJX Companies in the fourth quarter worth about $26,000. Capital Performance Advisors LLP acquired a new position in TJX Companies in the third quarter worth about $29,000. Truvestments Capital LLC acquired a new position in TJX Companies in the third quarter worth about $29,000. Finally, Copeland Capital Management LLC acquired a new position in TJX Companies in the third quarter worth about $30,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $123.41 on Thursday. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00. The stock has a market cap of $138.73 billion, a price-to-earnings ratio of 29.04, a PEG ratio of 2.78 and a beta of 0.91. The stock’s 50 day moving average price is $123.00 and its 200 day moving average price is $119.37. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50.

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 (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.05. The company had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.03 earnings per share. Equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 annualized dividend and a dividend yield of 1.22%. TJX Companies’s dividend payout ratio is currently 35.29%.

Wall Street Analyst Weigh In

TJX has been the subject of a number of research reports. Wells Fargo & Company lifted their target price on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. Jefferies Financial Group lifted their target price on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Morgan Stanley lifted their target price on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Robert W. Baird lifted their target price on TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Finally, TD Cowen lifted their target price on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Two investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $134.18.

TJX Companies 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.