Bath Savings Trust Co Sells 2,634 Shares of The TJX Companies, Inc. (NYSE:TJX)

Bath Savings Trust Co cut its stake in The TJX Companies, Inc. (NYSE:TJX) by 0.6% during the 4th quarter, HoldingsChannel reports. The fund owned 413,541 shares of the apparel and home fashions retailer’s stock after selling 2,634 shares during the period. TJX Companies comprises 5.1% of Bath Savings Trust Co’s portfolio, making the stock its 3rd largest position. Bath Savings Trust Co’s holdings in TJX Companies were worth $49,960,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Diversified Trust Co lifted its holdings in shares of TJX Companies by 11.1% in the 4th quarter. Diversified Trust Co now owns 23,895 shares of the apparel and home fashions retailer’s stock worth $2,887,000 after purchasing an additional 2,390 shares during the last quarter. Canandaigua National Trust Co of Florida boosted its position in TJX Companies by 24.8% during the 4th quarter. Canandaigua National Trust Co of Florida now owns 5,994 shares of the apparel and home fashions retailer’s stock worth $724,000 after acquiring an additional 1,192 shares during the period. Iowa State Bank increased its holdings in shares of TJX Companies by 1.7% during the fourth quarter. Iowa State Bank now owns 16,440 shares of the apparel and home fashions retailer’s stock valued at $1,986,000 after purchasing an additional 279 shares during the period. CWA Asset Management Group LLC raised its stake in shares of TJX Companies by 7.3% during the fourth quarter. CWA Asset Management Group LLC now owns 3,774 shares of the apparel and home fashions retailer’s stock valued at $456,000 after purchasing an additional 258 shares in the last quarter. Finally, Nordea Investment Management AB grew its position in TJX Companies by 13.3% in the 4th quarter. Nordea Investment Management AB now owns 7,031,237 shares of the apparel and home fashions retailer’s stock valued at $850,428,000 after buying an additional 827,103 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on TJX shares. Robert W. Baird upped their target price on TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft raised their target price on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a report on Thursday, November 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. Jefferies Financial Group increased their target price on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, TD Cowen raised their price objective on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research report 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $130.89.

TJX Companies Stock Performance

Shares of NYSE TJX traded down $0.28 during mid-day trading on Tuesday, hitting $120.60. The company had a trading volume of 1,886,989 shares, compared to its average volume of 3,778,241. The TJX Companies, Inc. has a 12 month low of $91.59 and a 12 month high of $128.00. 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 firm has a market cap of $135.57 billion, a P/E ratio of 28.38, a PEG ratio of 3.07 and a beta of 0.91. The business’s 50-day simple moving average is $121.44 and its 200-day simple moving average is $116.92.

TJX Companies (NYSE:TJX) last announced 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 for the quarter, compared to analyst estimates of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. TJX Companies’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.03 EPS. As a group, analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

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 given a dividend of $0.375 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.50 annualized dividend and a dividend yield of 1.24%. TJX Companies’s dividend payout ratio (DPR) is currently 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.