First American Bank Acquires 2,504 Shares of The TJX Companies, Inc. (NYSE:TJX)

First American Bank boosted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 1.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 131,604 shares of the apparel and home fashions retailer’s stock after buying an additional 2,504 shares during the period. TJX Companies makes up about 1.1% of First American Bank’s investment portfolio, making the stock its 23rd largest position. First American Bank’s holdings in TJX Companies were worth $15,899,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of TJX. Howard Capital Management Group LLC raised its position in shares of TJX Companies by 42.9% during the third quarter. Howard Capital Management Group LLC now owns 231,481 shares of the apparel and home fashions retailer’s stock valued at $27,208,000 after buying an additional 69,489 shares during the last quarter. Integrated Advisors Network LLC raised its stake in shares of TJX Companies by 11.1% in the third quarter. Integrated Advisors Network LLC now owns 5,384 shares of the apparel and home fashions retailer’s stock valued at $633,000 after purchasing an additional 538 shares in the last quarter. Mutual Advisors LLC raised its stake in shares of TJX Companies by 5.0% in the 3rd quarter. Mutual Advisors LLC now owns 20,852 shares of the apparel and home fashions retailer’s stock valued at $2,381,000 after buying an additional 985 shares in the last quarter. Pinnacle Associates Ltd. increased its stake in TJX Companies by 7.2% in the third quarter. Pinnacle Associates Ltd. now owns 44,538 shares of the apparel and home fashions retailer’s stock valued at $5,235,000 after acquiring an additional 3,009 shares during the period. Finally, JFS Wealth Advisors LLC boosted its holdings in TJX Companies by 34.3% during the third quarter. JFS Wealth Advisors LLC now owns 10,518 shares of the apparel and home fashions retailer’s stock valued at $1,236,000 after purchasing an additional 2,689 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Stock Down 1.1 %

TJX Companies stock opened at $123.49 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00. The company has a fifty day simple moving average of $122.92 and a 200 day simple moving average of $119.86. The company has a market cap of $138.82 billion, a P/E ratio of 29.06, a price-to-earnings-growth ratio of 2.75 and a beta of 0.91.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.07. The firm had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. 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 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 $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio is currently 35.29%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on TJX shares. TD Cowen upped their target price 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. Wells Fargo & Company increased their price target on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. Jefferies Financial Group lifted their price objective on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Guggenheim increased their target price on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, UBS Group lifted their price target on TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a report on Friday, January 10th. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, TJX Companies currently has a consensus rating of “Moderate Buy” and an average price target of $135.06.

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.