Farmers Trust Co. Has $5.16 Million Stake in The TJX Companies, Inc. (NYSE:TJX)

Farmers Trust Co. trimmed its position in The TJX Companies, Inc. (NYSE:TJX) by 5.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,684 shares of the apparel and home fashions retailer’s stock after selling 2,225 shares during the quarter. Farmers Trust Co.’s holdings in TJX Companies were worth $5,157,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new position in TJX Companies in the 3rd quarter valued at approximately $29,000. Truvestments Capital LLC acquired a new position in TJX Companies in the third quarter valued at approximately $29,000. Copeland Capital Management LLC acquired a new position in shares of TJX Companies during the 3rd quarter valued at $30,000. Legacy Investment Solutions LLC bought a new stake in TJX Companies in the third quarter valued at $30,000. Finally, Northwest Investment Counselors LLC bought a new stake in TJX Companies in the 3rd quarter valued at about $37,000. Institutional investors own 91.09% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. 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. Evercore ISI raised their price objective on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Robert W. Baird boosted their target price 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. TD Cowen lifted their price target on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $130.89.

TJX Companies Stock Up 1.3 %

Shares of TJX stock traded up $1.61 during midday trading on Wednesday, reaching $121.75. 2,804,224 shares of the stock were exchanged, compared to its average volume of 4,075,409. 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 $92.20 and a 1 year high of $128.00. The firm has a market cap of $136.87 billion, a PE ratio of 28.65, a price-to-earnings-growth ratio of 3.07 and a beta of 0.91. The company’s 50 day moving average is $121.56 and its two-hundred day moving average is $116.99.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.05. The company had revenue of $14.06 billion during 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%. TJX Companies’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the business earned $1.03 EPS. On average, equities research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio is presently 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.