Rockland Trust Co. Has $27.90 Million Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Rockland Trust Co. reduced its stake in The TJX Companies, Inc. (NYSE:TJX) by 0.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 230,928 shares of the apparel and home fashions retailer’s stock after selling 609 shares during the quarter. TJX Companies comprises 1.4% of Rockland Trust Co.’s holdings, making the stock its 22nd largest position. Rockland Trust Co.’s holdings in TJX Companies were worth $27,898,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Ratings Changes

TJX has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft raised their price target 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. Wells Fargo & Company raised their target price on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. TD Cowen boosted their price target on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Robert W. Baird raised their price objective on TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $134.00 price objective on shares of TJX Companies in a report on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $131.33.

TJX Companies Trading Down 0.5 %

Shares of TJX Companies stock opened at $119.29 on Wednesday. The firm’s 50 day moving average is $122.32 and its 200 day moving average is $117.34. The firm has a market capitalization of $134.10 billion, a PE ratio of 28.07, a price-to-earnings-growth ratio of 3.07 and a beta of 0.91. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 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.

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

TJX Companies Announces Dividend

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 of this dividend is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a yield of 1.26%. TJX Companies’s payout ratio is presently 35.29%.

About TJX Companies

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.