Field & Main Bank Increases Holdings in The TJX Companies, Inc. (NYSE:TJX)

Field & Main Bank lifted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 2.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,440 shares of the apparel and home fashions retailer’s stock after purchasing an additional 460 shares during the period. Field & Main Bank’s holdings in TJX Companies were worth $2,107,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TJX. Trivant Custom Portfolio Group LLC bought a new position in shares of TJX Companies during the 4th quarter valued at approximately $26,000. Capital Performance Advisors LLP purchased a new stake in TJX Companies during the 3rd quarter valued at approximately $29,000. Truvestments Capital LLC bought a new stake in TJX Companies in the 3rd quarter valued at $29,000. Copeland Capital Management LLC purchased a new stake in TJX Companies in the 3rd quarter worth $30,000. Finally, Legacy Investment Solutions LLC bought a new position in shares of TJX Companies during the 3rd quarter valued at about $30,000. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Stock Up 0.1 %

TJX stock opened at $124.48 on Wednesday. The TJX Companies, Inc. has a one year low of $92.35 and a one year high of $128.00. The firm has a market cap of $139.93 billion, a PE ratio of 29.36, a PEG ratio of 3.00 and a beta of 0.91. The firm’s 50 day moving average price is $123.04 and its 200-day moving average price is $118.08. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. The company had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.03 earnings per share. On average, equities research analysts anticipate 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 paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) is 35.29%.

Wall Street Analyst Weigh In

TJX has been the topic of a number of research analyst reports. Morgan Stanley boosted their target price on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft increased their price objective on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Wells Fargo & Company boosted their price objective on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. Finally, Robert W. Baird lifted their price objective 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 analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.67.

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.