Wesbanco Bank Inc. Has $4.86 Million Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Wesbanco Bank Inc. lowered its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.3% in the fourth quarter, HoldingsChannel reports. The firm owned 40,236 shares of the apparel and home fashions retailer’s stock after selling 540 shares during the period. Wesbanco Bank Inc.’s holdings in TJX Companies were worth $4,861,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TJX. Trivant Custom Portfolio Group LLC acquired a new stake in TJX Companies in the 4th quarter valued at about $26,000. Capital Performance Advisors LLP acquired a new stake in TJX Companies in the 3rd quarter valued at about $29,000. Truvestments Capital LLC acquired a new stake in TJX Companies in the 3rd quarter valued at about $29,000. Copeland Capital Management LLC acquired a new stake in TJX Companies in the 3rd quarter valued at about $30,000. Finally, Legacy Investment Solutions LLC acquired a new stake in TJX Companies in the 3rd quarter valued at about $30,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Performance

Shares of TJX opened at $122.56 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00. The firm’s 50 day moving average price is $122.70 and its two-hundred day moving average price is $117.72. The firm has a market cap of $137.77 billion, a P/E ratio of 28.84, a PEG ratio of 3.02 and a beta of 0.91.

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

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio is presently 35.29%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Morgan Stanley raised their price objective on shares of TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday. Guggenheim lifted their price target on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Robert W. Baird lifted their price target 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. UBS Group lifted their price target on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Finally, StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $131.67.

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.