Busey Bank Sells 277 Shares of The TJX Companies, Inc. (NYSE:TJX)

Busey Bank lowered its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 4.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,812 shares of the apparel and home fashions retailer’s stock after selling 277 shares during the quarter. Busey Bank’s holdings in TJX Companies were worth $702,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Trivant Custom Portfolio Group LLC bought a new position in shares of TJX Companies in the fourth quarter worth about $26,000. Capital Performance Advisors LLP purchased a new stake in TJX Companies in the 3rd quarter valued at about $29,000. Legacy Investment Solutions LLC bought a new position in TJX Companies in the 3rd quarter worth about $30,000. Truvestments Capital LLC bought a new position in TJX Companies in the 3rd quarter worth about $29,000. Finally, Copeland Capital Management LLC purchased a new position in shares of TJX Companies during the third quarter worth approximately $30,000. Institutional investors own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Robert W. Baird increased 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. Guggenheim increased their price target on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Morgan Stanley lifted their price objective on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $134.00 price objective on shares of TJX Companies in a research note on Friday, December 6th. Finally, Jefferies Financial Group raised their target price on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $131.67.

TJX Companies Stock Up 1.5 %

TJX Companies stock opened at $126.09 on Friday. The business has a fifty day moving average price of $123.13 and a 200-day moving average price of $118.13. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00. The stock has a market capitalization of $141.74 billion, a price-to-earnings ratio of 29.67, a PEG ratio of 3.04 and a beta of 0.91. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50.

TJX Companies (NYSE:TJX) last issued 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 business 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 company earned $1.03 earnings per share. The company’s quarterly revenue was up 6.0% on a year-over-year basis. Equities research 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 declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be paid a dividend of $0.375 per share. 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 1.19%. TJX Companies’s payout ratio 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.