City Holding Co. Purchases 811 Shares of The TJX Companies, Inc. (NYSE:TJX)

City Holding Co. lifted its position in The TJX Companies, Inc. (NYSE:TJX) by 4.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,683 shares of the apparel and home fashions retailer’s stock after acquiring an additional 811 shares during the quarter. City Holding Co.’s holdings in TJX Companies were worth $2,136,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Seven Eight Capital LP bought a new position in TJX Companies in the 2nd quarter valued at $306,000. King Luther Capital Management Corp grew its holdings in shares of TJX Companies by 594.8% in the second quarter. King Luther Capital Management Corp now owns 41,771 shares of the apparel and home fashions retailer’s stock worth $4,599,000 after purchasing an additional 35,759 shares during the last quarter. Pacer Advisors Inc. increased its stake in TJX Companies by 2.5% in the 2nd quarter. Pacer Advisors Inc. now owns 133,124 shares of the apparel and home fashions retailer’s stock worth $14,657,000 after buying an additional 3,209 shares during the period. Sei Investments Co. boosted its position in TJX Companies by 6.6% in the 2nd quarter. Sei Investments Co. now owns 684,085 shares of the apparel and home fashions retailer’s stock valued at $75,312,000 after buying an additional 42,609 shares during the period. Finally, Summit Trail Advisors LLC grew its stake in TJX Companies by 7.1% in the 2nd quarter. Summit Trail Advisors LLC now owns 19,440 shares of the apparel and home fashions retailer’s stock worth $2,140,000 after acquiring an additional 1,293 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TJX. Guggenheim boosted their price target on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, December 5th. TD Cowen increased their price target on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Evercore ISI lifted their price objective on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Telsey Advisory Group reiterated an “outperform” rating and set a $134.00 target price on shares of TJX Companies in a report on Friday, December 6th. Finally, Robert W. Baird boosted 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. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, TJX Companies presently has a consensus rating of “Moderate Buy” and an average target price of $131.33.

TJX Companies Stock Performance

TJX opened at $121.89 on Monday. 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 12-month low of $92.35 and a 12-month high of $128.00. The firm has a 50 day moving average of $122.56 and a two-hundred day moving average of $117.51. The firm has a market capitalization of $137.03 billion, a PE ratio of 28.68, a P/E/G ratio of 2.94 and a beta of 0.91.

TJX Companies (NYSE:TJX) last issued its 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 firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.03 earnings per share. On average, analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.23%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio is currently 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.