The TJX Companies, Inc. (NYSE:TJX) Shares Sold by First Merchants Corp

First Merchants Corp reduced its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 107,974 shares of the apparel and home fashions retailer’s stock after selling 425 shares during the quarter. First Merchants Corp’s holdings in TJX Companies were worth $13,044,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Hartford Funds Management Co LLC lifted its stake in TJX Companies by 0.5% during the 3rd quarter. Hartford Funds Management Co LLC now owns 17,926 shares of the apparel and home fashions retailer’s stock valued at $2,107,000 after acquiring an additional 86 shares in the last quarter. Signature Estate & Investment Advisors LLC raised its holdings in shares of TJX Companies by 3.4% in the third quarter. Signature Estate & Investment Advisors LLC now owns 2,706 shares of the apparel and home fashions retailer’s stock valued at $318,000 after purchasing an additional 90 shares during the last quarter. Hamilton Capital LLC lifted its position in shares of TJX Companies by 3.9% during the third quarter. Hamilton Capital LLC now owns 2,413 shares of the apparel and home fashions retailer’s stock valued at $273,000 after purchasing an additional 90 shares in the last quarter. Breakwater Capital Group boosted its holdings in TJX Companies by 1.2% during the fourth quarter. Breakwater Capital Group now owns 7,696 shares of the apparel and home fashions retailer’s stock worth $930,000 after purchasing an additional 91 shares during the last quarter. Finally, Capital Investment Advisory Services LLC grew its position in TJX Companies by 1.0% in the 4th quarter. Capital Investment Advisory Services LLC now owns 8,778 shares of the apparel and home fashions retailer’s stock worth $1,060,000 after purchasing an additional 91 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. 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 report on Thursday, December 5th. TD Cowen upped their price objective on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Deutsche Bank Aktiengesellschaft lifted their target price on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Robert W. Baird increased their price target on shares of TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Finally, UBS Group lifted their price objective on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Two analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $133.53.

TJX Companies Stock Up 1.2 %

Shares of NYSE TJX opened at $125.88 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 company has a market cap of $141.50 billion, a P/E ratio of 29.62, a P/E/G ratio of 2.82 and a beta of 0.91. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $128.00. The business has a 50-day simple moving average of $123.20 and a two-hundred day simple moving average of $118.98.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. The firm had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.03 earnings per share. Research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 1.19%. TJX Companies’s dividend payout ratio (DPR) is currently 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.