Indiana Trust & Investment Management Co Has $3.34 Million Position in The TJX Companies, Inc. (NYSE:TJX)

Indiana Trust & Investment Management Co boosted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,619 shares of the apparel and home fashions retailer’s stock after purchasing an additional 287 shares during the quarter. TJX Companies comprises approximately 1.1% of Indiana Trust & Investment Management Co’s investment portfolio, making the stock its 17th biggest position. Indiana Trust & Investment Management Co’s holdings in TJX Companies were worth $3,337,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Trivant Custom Portfolio Group LLC bought a new stake in shares of TJX Companies during the 4th quarter valued at approximately $26,000. Capital Performance Advisors LLP acquired a new stake in TJX Companies during the 3rd quarter valued at approximately $29,000. Truvestments Capital LLC bought a new position in TJX Companies during the third quarter worth $29,000. Copeland Capital Management LLC acquired a new stake in TJX Companies during the third quarter worth approximately $30,000. Finally, Legacy Investment Solutions LLC bought a new position in TJX Companies during the third quarter worth $30,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. TD Cowen raised their price objective on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Guggenheim lifted their target price on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. UBS Group raised their target price on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Finally, Jefferies Financial Group lifted their price target on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Two equities 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.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $133.53.

TJX Companies Trading Down 0.2 %

Shares of TJX Companies stock opened at $124.66 on Wednesday. The firm’s 50 day simple moving average is $123.23 and its two-hundred day simple moving average is $118.85. The firm has a market capitalization of $140.14 billion, a price-to-earnings ratio of 29.33, a PEG ratio of 2.82 and a beta of 0.91. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

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, beating analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. During the same period last year, the company posted $1.03 EPS. TJX Companies’s quarterly revenue was up 6.0% compared to the same quarter last year. Analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The business also recently disclosed 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. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio is presently 35.29%.

About TJX Companies

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.