First United Bank & Trust Decreases Position in The TJX Companies, Inc. (NYSE:TJX)

First United Bank & Trust trimmed its stake in The TJX Companies, Inc. (NYSE:TJX) by 23.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 800 shares of the apparel and home fashions retailer’s stock after selling 250 shares during the period. First United Bank & Trust’s holdings in TJX Companies were worth $97,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TJX. Crossmark Global Holdings Inc. increased its position in TJX Companies by 130.0% during the fourth quarter. Crossmark Global Holdings Inc. now owns 259,439 shares of the apparel and home fashions retailer’s stock worth $31,343,000 after buying an additional 146,658 shares during the period. Ballentine Partners LLC grew its position in shares of TJX Companies by 3.1% during the fourth quarter. Ballentine Partners LLC now owns 30,210 shares of the apparel and home fashions retailer’s stock worth $3,650,000 after acquiring an additional 914 shares during the last quarter. Pure Financial Advisors LLC raised its position in TJX Companies by 5.2% in the 4th quarter. Pure Financial Advisors LLC now owns 7,592 shares of the apparel and home fashions retailer’s stock valued at $917,000 after purchasing an additional 372 shares during the last quarter. Central Bank & Trust Co. boosted its stake in TJX Companies by 9.1% during the 4th quarter. Central Bank & Trust Co. now owns 18,755 shares of the apparel and home fashions retailer’s stock worth $2,266,000 after purchasing an additional 1,569 shares during the period. Finally, Cove Private Wealth LLC purchased a new position in TJX Companies during the 4th quarter worth $615,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on TJX shares. Deutsche Bank Aktiengesellschaft upped their target price on shares of TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, November 21st. UBS Group raised their price objective on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Robert W. Baird raised their price target on TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $134.00 price objective on shares of TJX Companies in a report on Friday, December 6th. Finally, Wells Fargo & Company raised their target price on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $131.33.

TJX Companies Stock Up 0.4 %

TJX stock opened at $121.89 on Tuesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00. The firm has a market capitalization of $137.03 billion, a PE ratio of 28.68, a P/E/G ratio of 2.98 and a beta of 0.91. The company’s 50 day simple moving average is $122.56 and its 200-day simple moving average is $117.56.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. During the same quarter last year, the business posted $1.03 earnings per share. TJX Companies’s revenue was up 6.0% compared to the same quarter last year. Equities analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be issued a $0.375 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a yield of 1.23%. TJX Companies’s dividend payout ratio (DPR) is 35.29%.

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.