The TJX Companies, Inc. (NYSE:TJX) Shares Bought by 1ST Source Bank

1ST Source Bank grew its position in The TJX Companies, Inc. (NYSE:TJX) by 1.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 59,355 shares of the apparel and home fashions retailer’s stock after acquiring an additional 698 shares during the period. 1ST Source Bank’s holdings in TJX Companies were worth $6,977,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Richard W. Paul & Associates LLC purchased a new stake in TJX Companies during the second quarter worth about $25,000. Capital Performance Advisors LLP acquired a new position in shares of TJX Companies in the third quarter valued at approximately $29,000. Truvestments Capital LLC purchased a new stake in TJX Companies during the 3rd quarter worth approximately $29,000. Copeland Capital Management LLC acquired a new stake in TJX Companies during the 3rd quarter worth approximately $30,000. Finally, Legacy Investment Solutions LLC purchased a new position in TJX Companies in the third quarter valued at $30,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

NYSE TJX traded down $0.52 during mid-day trading on Friday, hitting $125.90. The stock had a trading volume of 578,600 shares, compared to its average volume of 5,223,482. The company has a 50 day simple moving average of $118.90 and a 200 day simple moving average of $114.92. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The company has a market cap of $141.53 billion, a price-to-earnings ratio of 29.75, a P/E/G ratio of 3.12 and a beta of 0.90. The TJX Companies, Inc. has a 52-week low of $88.58 and a 52-week 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 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.95 billion. During the same period in the prior year, the company earned $1.03 EPS. The firm’s revenue was up 6.0% on a year-over-year basis. Equities analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on TJX. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Wells Fargo & Company lifted their target price on shares of TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a report on Thursday, August 22nd. BMO Capital Markets increased their price target on shares of TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Barclays raised their price objective on shares of TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Finally, Guggenheim upped their target price on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, TJX Companies presently has a consensus rating of “Moderate Buy” and an average target price of $130.89.

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.