Bath Savings Trust Co lifted its holdings in shares of TJX Companies Inc (NYSE:TJX) by 1.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 198,629 shares of the apparel and home fashions retailer’s stock after purchasing an additional 3,215 shares during the quarter. TJX Companies comprises approximately 3.8% of Bath Savings Trust Co’s investment portfolio, making the stock its 4th biggest position. Bath Savings Trust Co’s holdings in TJX Companies were worth $15,187,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Zions Bancorporation raised its position in TJX Companies by 185.9% in the 3rd quarter. Zions Bancorporation now owns 1,358 shares of the apparel and home fashions retailer’s stock valued at $100,000 after purchasing an additional 883 shares in the last quarter. Lenox Wealth Management Inc. acquired a new stake in TJX Companies in the 2nd quarter valued at about $141,000. Mosaic Family Wealth LLC raised its position in TJX Companies by 7.2% in the 2nd quarter. Mosaic Family Wealth LLC now owns 1,996 shares of the apparel and home fashions retailer’s stock valued at $144,000 after purchasing an additional 134 shares in the last quarter. Jacobi Capital Management LLC raised its position in TJX Companies by 20.2% in the 2nd quarter. Jacobi Capital Management LLC now owns 2,101 shares of the apparel and home fashions retailer’s stock valued at $144,000 after purchasing an additional 353 shares in the last quarter. Finally, Highlander Capital Management LLC raised its position in TJX Companies by 31.3% in the 2nd quarter. Highlander Capital Management LLC now owns 2,100 shares of the apparel and home fashions retailer’s stock valued at $150,000 after purchasing an additional 500 shares in the last quarter. Institutional investors and hedge funds own 90.40% of the company’s stock.
Several equities research analysts have recently weighed in on the company. Goldman Sachs Group lowered TJX Companies from a “conviction-buy” rating to a “buy” rating and set a $79.00 target price on the stock. in a research report on Tuesday, December 5th. Citigroup cut their target price on TJX Companies from $88.00 to $81.00 and set a “buy” rating on the stock in a research report on Wednesday, November 15th. Wells Fargo & Co set a $76.00 price target on TJX Companies and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Cowen set a $88.00 price target on TJX Companies and gave the stock a “buy” rating in a research note on Wednesday, December 13th. Finally, Buckingham Research restated a “buy” rating and set a $85.00 price target on shares of TJX Companies in a research note on Thursday, October 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the company. TJX Companies has an average rating of “Buy” and a consensus target price of $82.55.
TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.00. The firm had revenue of $8.76 billion during the quarter, compared to analysts’ expectations of $8.86 billion. TJX Companies had a return on equity of 52.79% and a net margin of 7.01%. TJX Companies’s revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.91 earnings per share. sell-side analysts anticipate that TJX Companies Inc will post 3.93 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be issued a $0.3125 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.63%. TJX Companies’s dividend payout ratio (DPR) is 33.78%.
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TJX Companies Profile
The TJX Companies, Inc (TJX) is an off-price apparel and home fashions retailer in the United States and across the world. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. T.J. Maxx and Marshalls chains in the United States were collectively the off-price retailer in the United States with a total of 2,221 stores, as of January 28, 2017.
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