First Bank & Trust reduced its holdings in shares of TJX Companies Inc (NYSE:TJX) by 37.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,792 shares of the apparel and home fashions retailer’s stock after selling 2,274 shares during the quarter. First Bank & Trust’s holdings in TJX Companies were worth $290,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Zions Bancorporation lifted its holdings in TJX Companies by 185.9% during the third quarter. Zions Bancorporation now owns 1,358 shares of the apparel and home fashions retailer’s stock worth $100,000 after acquiring an additional 883 shares during the period. Lenox Wealth Management Inc. bought a new stake in TJX Companies during the second quarter worth $141,000. Jacobi Capital Management LLC lifted its holdings in TJX Companies by 20.2% during the second quarter. Jacobi Capital Management LLC now owns 2,101 shares of the apparel and home fashions retailer’s stock worth $144,000 after acquiring an additional 353 shares during the period. Highlander Capital Management LLC lifted its holdings in TJX Companies by 31.3% during the second quarter. Highlander Capital Management LLC now owns 2,100 shares of the apparel and home fashions retailer’s stock worth $150,000 after acquiring an additional 500 shares during the period. Finally, FTB Advisors Inc. lifted its holdings in TJX Companies by 1.6% during the second quarter. FTB Advisors Inc. now owns 2,235 shares of the apparel and home fashions retailer’s stock worth $159,000 after acquiring an additional 36 shares during the period. Institutional investors and hedge funds own 90.40% of the company’s stock.
A number of analysts have issued reports on TJX shares. Goldman Sachs Group downgraded TJX Companies from a “conviction-buy” rating to a “buy” rating and set a $79.00 target price for the company. in a research report on Tuesday, December 5th. Wells Fargo & Co downgraded TJX Companies from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $76.00 to $72.00 in a research report on Wednesday, January 3rd. Nomura reissued a “buy” rating and issued a $87.00 target price (up from $75.00) on shares of TJX Companies in a research report on Wednesday. Jefferies Group reissued a “hold” rating and issued a $75.00 target price on shares of TJX Companies in a research report on Thursday, September 28th. Finally, Cowen set a $88.00 target price on TJX Companies and gave the stock a “buy” rating in a research report on Wednesday, December 13th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $82.55.
TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.00. The company had revenue of $8.76 billion during the quarter, compared to analysts’ expectations of $8.86 billion. TJX Companies had a return on equity of 52.79% and a net margin of 7.01%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.91 earnings per share. analysts predict that TJX Companies Inc will post 3.93 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be given a $0.3125 dividend. This represents a $1.25 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend is Wednesday, February 14th. TJX Companies’s dividend payout ratio (DPR) is presently 33.78%.
TJX Companies Company Profile
The TJX Companies, Inc (TJX) is an off-price apparel and home fashions retailer in the United States and across the world. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. T.J. Maxx and Marshalls chains in the United States were collectively the off-price retailer in the United States with a total of 2,221 stores, as of January 28, 2017.
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