First Hawaiian Bank Trims Holdings in The TJX Companies, Inc. (NYSE:TJX)

First Hawaiian Bank trimmed its holdings in The TJX Companies, Inc. (NYSE:TJX) by 1.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,154 shares of the apparel and home fashions retailer’s stock after selling 398 shares during the quarter. First Hawaiian Bank’s holdings in TJX Companies were worth $4,489,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of TJX. Capital Performance Advisors LLP purchased a new position in TJX Companies in the 3rd quarter worth approximately $29,000. Truvestments Capital LLC bought a new stake in shares of TJX Companies in the 3rd quarter worth $29,000. Copeland Capital Management LLC purchased a new position in shares of TJX Companies in the third quarter worth $30,000. Legacy Investment Solutions LLC bought a new position in shares of TJX Companies during the third quarter valued at $30,000. Finally, Northwest Investment Counselors LLC purchased a new stake in shares of TJX Companies during the third quarter valued at $37,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on TJX shares. Robert W. Baird boosted their target price on 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 increased their price objective on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Guggenheim lifted their target price on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Telsey Advisory Group reissued an “outperform” rating and set a $134.00 price target on shares of TJX Companies in a report on Friday, December 6th. Finally, StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $130.89.

TJX Companies Price Performance

TJX traded up $1.70 on Wednesday, hitting $121.84. 5,193,007 shares of the company’s stock traded hands, compared to its average volume of 4,595,677. The TJX Companies, Inc. has a one year low of $92.20 and a one year high of $128.00. 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 $136.97 billion, a price-to-earnings ratio of 28.67, a P/E/G ratio of 3.07 and a beta of 0.91. The company’s 50 day simple moving average is $121.56 and its 200-day simple moving average is $116.99.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. 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 company posted $1.03 earnings per share. TJX Companies’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, research 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 $0.375 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.50 annualized dividend and a yield of 1.23%. 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.