The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division lowered its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 4.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,794 shares of the apparel and home fashions retailer’s stock after selling 1,014 shares during the period. Central Pacific Bank Trust Division’s holdings in TJX Companies were worth $2,391,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Capital Performance Advisors LLP purchased a new stake in shares of TJX Companies during the third quarter worth about $29,000. Truvestments Capital LLC acquired a new position in shares of TJX Companies in the 3rd quarter valued at approximately $29,000. Copeland Capital Management LLC purchased a new position in shares of TJX Companies during the 3rd quarter valued at approximately $30,000. Legacy Investment Solutions LLC acquired a new stake in shares of TJX Companies during the third quarter worth approximately $30,000. Finally, Northwest Investment Counselors LLC bought a new stake in shares of TJX Companies in the third quarter worth $37,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on TJX. TD Cowen raised their price objective 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. Robert W. Baird lifted their target price on TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Guggenheim upped their price target on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, Evercore ISI lifted their price target on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, TJX Companies has an average rating of “Moderate Buy” and an average price target of $130.89.

TJX Companies Price Performance

NYSE TJX traded down $0.07 on Friday, reaching $121.08. The company’s stock had a trading volume of 1,725,543 shares, compared to its average volume of 2,551,659. The firm’s 50 day moving average is $121.17 and its two-hundred day moving average is $116.68. The stock has a market cap of $136.11 billion, a PE ratio of 28.49, a PEG ratio of 3.07 and a beta of 0.90. 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 $91.31 and a twelve month high of $128.00.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. The company had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.03 EPS. As a group, sell-side analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.24%. TJX Companies’s dividend payout ratio is currently 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.