Sanibel Captiva Trust Company Inc. Grows Position in The TJX Companies, Inc. (NYSE:TJX)

Sanibel Captiva Trust Company Inc. raised its position in The TJX Companies, Inc. (NYSE:TJX) by 5.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 165,201 shares of the apparel and home fashions retailer’s stock after purchasing an additional 8,659 shares during the quarter. Sanibel Captiva Trust Company Inc.’s holdings in TJX Companies were worth $19,958,000 as of its most recent SEC filing.

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 fourth quarter valued at approximately $26,000. Capital Performance Advisors LLP purchased a new position in TJX Companies during the 3rd quarter valued at $29,000. Legacy Investment Solutions LLC bought a new position in TJX Companies in the 3rd quarter valued at $30,000. Truvestments Capital LLC purchased a new stake in TJX Companies in the third quarter worth $29,000. Finally, Copeland Capital Management LLC purchased a new stake in TJX Companies in the third quarter worth $30,000. Institutional investors own 91.09% of the company’s stock.

TJX Companies Trading Up 0.4 %

Shares of NYSE:TJX opened at $121.89 on Friday. The business’s 50-day moving average is $122.48 and its 200 day moving average is $117.38. 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 1 year low of $92.35 and a 1 year high of $128.00. The firm has a market capitalization of $137.03 billion, a P/E ratio of 28.68, a P/E/G ratio of 2.94 and a beta of 0.91.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.05. The firm had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.03 earnings per share. On average, research analysts predict 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. Investors of record on Thursday, February 13th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Thursday, February 13th. TJX Companies’s payout ratio is 35.29%.

Analyst Upgrades and Downgrades

TJX has been the subject of a number of recent analyst reports. Jefferies Financial Group boosted their target price on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Robert W. Baird boosted 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. Guggenheim increased their price objective on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, TJX Companies presently has an average rating of “Moderate Buy” and a consensus target price of $131.33.

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.