Independence Bank of Kentucky Has $2.63 Million Holdings in The TJX Companies, Inc. (NYSE:TJX)

Independence Bank of Kentucky increased its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 13.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 21,795 shares of the apparel and home fashions retailer’s stock after acquiring an additional 2,620 shares during the period. Independence Bank of Kentucky’s holdings in TJX Companies were worth $2,633,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Trivant Custom Portfolio Group LLC bought a new position in shares of TJX Companies in the fourth quarter valued at approximately $26,000. Capital Performance Advisors LLP bought a new position in TJX Companies in the 3rd quarter worth $29,000. Legacy Investment Solutions LLC bought a new position in TJX Companies in the 3rd quarter worth $30,000. Truvestments Capital LLC acquired a new position in TJX Companies during the 3rd quarter worth $29,000. Finally, Copeland Capital Management LLC bought a new stake in TJX Companies during the third quarter valued at about $30,000. 91.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TJX. TD Cowen increased their target price on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. UBS Group boosted their price objective on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Deutsche Bank Aktiengesellschaft increased their target price on shares of TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $134.00 price objective on shares of TJX Companies in a research report on Friday, December 6th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.67.

TJX Companies Trading Down 1.0 %

Shares of TJX Companies stock opened at $124.83 on Friday. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00. The stock has a market capitalization of $140.33 billion, a P/E ratio of 29.37, a price-to-earnings-growth ratio of 3.04 and a beta of 0.91. The company has a 50-day simple moving average of $123.32 and a 200 day simple moving average of $118.26. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

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 for the quarter, topping the consensus estimate of $1.09 by $0.05. The company had revenue of $14.06 billion during 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 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. Research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be paid 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 dividend yield of 1.20%. TJX Companies’s dividend payout ratio (DPR) is presently 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.