Norway Savings Bank Boosts Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Norway Savings Bank increased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 8.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 12,978 shares of the apparel and home fashions retailer’s stock after acquiring an additional 1,037 shares during the period. Norway Savings Bank’s holdings in TJX Companies were worth $1,568,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in TJX. Ameriprise Financial Inc. raised its position in shares of TJX Companies by 33.4% in the second quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer’s stock valued at $1,347,934,000 after buying an additional 3,063,318 shares during the last quarter. Capital Wealth Planning LLC purchased a new position in TJX Companies during the second quarter worth approximately $315,698,000. International Assets Investment Management LLC grew its holdings in TJX Companies by 13,309.4% in the 3rd quarter. International Assets Investment Management LLC now owns 1,191,155 shares of the apparel and home fashions retailer’s stock valued at $140,008,000 after buying an additional 1,182,272 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of TJX Companies by 161.3% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,786,652 shares of the apparel and home fashions retailer’s stock worth $210,003,000 after acquiring an additional 1,102,912 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of TJX Companies by 281.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,235,037 shares of the apparel and home fashions retailer’s stock worth $145,166,000 after acquiring an additional 911,351 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Stock Down 0.3 %

Shares of TJX traded down $0.34 during midday trading on Tuesday, reaching $120.54. The stock had a trading volume of 2,392,278 shares, compared to its average volume of 3,882,476. The company’s fifty day simple moving average is $121.44 and its two-hundred day simple moving average is $116.92. The company has a market cap of $135.51 billion, a price-to-earnings ratio of 28.36, a PEG ratio of 3.07 and a beta of 0.91. The TJX Companies, Inc. has a 1-year low of $91.59 and a 1-year 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.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, beating 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 net margin of 8.63% and a return on equity of 61.82%. The firm’s revenue 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. Equities research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be given 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 1.24%. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

Analysts Set New Price Targets

TJX has been the subject of a number of analyst reports. 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 price target on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Jefferies Financial Group upped their price target on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Robert W. Baird upped their target price 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, Deutsche Bank Aktiengesellschaft boosted their target price on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $130.89.

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.