The TJX Companies, Inc. (NYSE:TJX) Shares Acquired by Community Trust & Investment Co.

Community Trust & Investment Co. lifted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 161,568 shares of the apparel and home fashions retailer’s stock after acquiring an additional 2,331 shares during the period. TJX Companies accounts for about 1.2% of Community Trust & Investment Co.’s investment portfolio, making the stock its 24th largest holding. Community Trust & Investment Co.’s holdings in TJX Companies were worth $19,519,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in TJX. First Trust Direct Indexing L.P. lifted its holdings in shares of TJX Companies by 12.4% during the 3rd 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 acquiring an additional 5,207 shares during the period. Courier Capital LLC raised its stake in TJX Companies by 55.1% during the fourth quarter. Courier Capital LLC now owns 34,487 shares of the apparel and home fashions retailer’s stock worth $4,166,000 after purchasing an additional 12,247 shares during the period. Unigestion Holding SA purchased a new position in TJX Companies during the third quarter worth approximately $22,684,000. Nordea Investment Management AB boosted its holdings 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 valued at $850,428,000 after purchasing an additional 827,103 shares during the last quarter. Finally, Miracle Mile Advisors LLC grew its stake in shares of TJX Companies by 43.0% during the 4th quarter. Miracle Mile Advisors LLC now owns 21,102 shares of the apparel and home fashions retailer’s stock valued at $2,549,000 after buying an additional 6,344 shares during the period. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on TJX shares. Evercore ISI lifted their target price on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. UBS Group lifted their price objective on TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Guggenheim raised their price target on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Jefferies Financial Group boosted their price objective on shares of TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, Robert W. Baird raised their target price on shares of TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $131.33.

TJX Companies Stock Performance

Shares of TJX Companies stock opened at $119.29 on Wednesday. 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 1 year low of $92.35 and a 1 year high of $128.00. The firm’s 50-day simple moving average is $122.32 and its 200-day simple moving average is $117.34. The firm has a market cap of $134.10 billion, a PE ratio of 28.07, a price-to-earnings-growth ratio of 3.07 and a beta of 0.91.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data 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 firm 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%. TJX Companies’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.03 earnings per share. Equities analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share 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. Shareholders of record on Thursday, February 13th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio is presently 35.29%.

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.