UMB Bank n.a. Buys 42,291 Shares of The TJX Companies, Inc. (NYSE:TJX)

UMB Bank n.a. grew its position in The TJX Companies, Inc. (NYSE:TJX) by 9.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 480,353 shares of the apparel and home fashions retailer’s stock after purchasing an additional 42,291 shares during the period. TJX Companies comprises about 0.9% of UMB Bank n.a.’s portfolio, making the stock its 25th largest holding. UMB Bank n.a.’s holdings in TJX Companies were worth $58,031,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Trivant Custom Portfolio Group LLC purchased a new stake in TJX Companies during the fourth quarter worth about $26,000. Capital Performance Advisors LLP bought a new position in shares of TJX Companies during the 3rd quarter valued at approximately $29,000. Truvestments Capital LLC purchased a new stake in TJX Companies in the third quarter worth $29,000. Copeland Capital Management LLC bought a new stake in shares of TJX Companies in the third quarter valued at $30,000. Finally, Legacy Investment Solutions LLC purchased a new position in shares of TJX Companies during the 3rd quarter valued at $30,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Trading Up 0.4 %

Shares of TJX stock opened at $121.89 on Monday. The business has a 50-day moving average of $122.56 and a 200 day moving average of $117.51. 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 TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00. The stock has a market capitalization of $137.03 billion, a PE ratio of 28.68, a P/E/G ratio of 2.94 and a beta of 0.91.

TJX Companies (NYSE:TJX) last released its quarterly earnings data 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 return on equity of 61.82% and a net margin of 8.63%. The firm had revenue of $14.06 billion during 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 business’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.23%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) is currently 35.29%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Jefferies Financial Group lifted their price objective on TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Telsey Advisory Group reissued an “outperform” rating and set a $134.00 price objective on shares of TJX Companies in a report on Friday, December 6th. Robert W. Baird raised their price target on shares of TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. UBS Group lifted their price objective on TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Finally, TD Cowen upped their target price 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 analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, TJX Companies currently has a consensus rating of “Moderate Buy” and an average target price of $131.33.

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.