The TJX Companies, Inc. (NYSE:TJX) Position Trimmed by American Trust

American Trust trimmed its stake in The TJX Companies, Inc. (NYSE:TJX) by 20.7% in the third quarter, Holdings Channel.com reports. The firm owned 57,713 shares of the apparel and home fashions retailer’s stock after selling 15,071 shares during the quarter. TJX Companies comprises 0.6% of American Trust’s portfolio, making the stock its 26th largest holding. American Trust’s holdings in TJX Companies were worth $6,784,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in TJX. Richard W. Paul & Associates LLC purchased a new stake in TJX Companies in the 2nd quarter worth approximately $25,000. Capital Performance Advisors LLP purchased a new stake in shares of TJX Companies during the third quarter worth $29,000. Truvestments Capital LLC acquired a new stake in TJX Companies during the third quarter valued at $29,000. Copeland Capital Management LLC acquired a new stake in TJX Companies during the third quarter valued at $30,000. Finally, Legacy Investment Solutions LLC purchased a new position in TJX Companies in the third quarter valued at about $30,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TJX. Morgan Stanley lifted their price target on TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Jefferies Financial Group boosted their target price on shares of TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Robert W. Baird raised their price target on shares of TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Bank of America lifted their price objective on shares of TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Finally, BMO Capital Markets increased their target price on shares of TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, TJX Companies currently has an average rating of “Moderate Buy” and an average price target of $130.89.

TJX Companies Trading Down 0.3 %

TJX stock opened at $126.42 on Friday. The business’s 50 day moving average is $118.90 and its 200-day moving average is $114.92. 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 firm has a market cap of $142.12 billion, a P/E ratio of 29.75, a P/E/G ratio of 3.12 and a beta of 0.90. The TJX Companies, Inc. has a 1-year low of $88.58 and a 1-year high of $128.00.

TJX Companies (NYSE:TJX) last issued 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 analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. During the same period last year, the business earned $1.03 earnings per share. The business’s revenue was up 6.0% on a year-over-year basis. Equities analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 annualized dividend and a yield of 1.19%. TJX Companies’s dividend payout ratio is 35.29%.

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.