Peapack Gladstone Financial Corp Acquires 7,292 Shares of The TJX Companies, Inc. (NYSE:TJX)

Peapack Gladstone Financial Corp boosted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 1.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 463,308 shares of the apparel and home fashions retailer’s stock after buying an additional 7,292 shares during the period. Peapack Gladstone Financial Corp’s holdings in TJX Companies were worth $54,457,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Richard W. Paul & Associates LLC bought a new stake in shares of TJX Companies during the second quarter valued at approximately $25,000. Capital Performance Advisors LLP bought a new stake in shares of TJX Companies during the third quarter valued at approximately $29,000. Truvestments Capital LLC acquired a new stake in TJX Companies in the 3rd quarter valued at $29,000. Copeland Capital Management LLC acquired a new stake in TJX Companies in the 3rd quarter valued at $30,000. Finally, Legacy Investment Solutions LLC acquired a new stake in TJX Companies in the 3rd quarter valued at $30,000. 91.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on TJX. BMO Capital Markets boosted their price target on TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Evercore ISI boosted their price target on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Bank of America boosted their price target on TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. 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 research note on Thursday, December 5th. Finally, TD Cowen boosted their price objective on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $130.89.

TJX Companies Trading Down 0.3 %

Shares of TJX opened at $126.42 on Friday. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a 12-month low of $88.58 and a 12-month high of $128.00. The firm has a market capitalization of $142.12 billion, a PE ratio of 29.75, a price-to-earnings-growth ratio of 3.12 and a beta of 0.90. The stock’s fifty day simple moving average is $118.90 and its 200-day simple moving average is $114.92.

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 (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $13.95 billion. During the same quarter in the prior year, the firm posted $1.03 earnings per share. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors 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 1.19%. TJX Companies’s dividend payout ratio 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.