Canandaigua National Trust Co of Florida Has $724,000 Stake in The TJX Companies, Inc. (NYSE:TJX)

Canandaigua National Trust Co of Florida raised its position in The TJX Companies, Inc. (NYSE:TJX) by 24.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 5,994 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,192 shares during the quarter. Canandaigua National Trust Co of Florida’s holdings in TJX Companies were worth $724,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of TJX. Ameriprise Financial Inc. lifted its stake in TJX Companies by 33.4% in the 2nd 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 purchasing an additional 3,063,318 shares during the last quarter. Capital Wealth Planning LLC acquired a new stake in shares of TJX Companies in the second quarter valued at approximately $315,698,000. International Assets Investment Management LLC boosted its stake in shares of TJX Companies by 13,309.4% during the 3rd quarter. International Assets Investment Management LLC now owns 1,191,155 shares of the apparel and home fashions retailer’s stock worth $140,008,000 after acquiring an additional 1,182,272 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of TJX Companies by 161.3% during 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 stake in TJX Companies by 281.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,235,037 shares of the apparel and home fashions retailer’s stock valued at $145,166,000 after acquiring an additional 911,351 shares during the period. Institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on TJX shares. Telsey Advisory Group reiterated an “outperform” rating and issued a $134.00 price objective on shares of TJX Companies in a report on Friday, December 6th. Jefferies Financial Group upped their price objective on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Evercore ISI lifted their target price on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft boosted their price target on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, TD Cowen upped their target price on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $130.89.

TJX Companies Trading Down 0.0 %

NYSE:TJX traded down $0.01 during mid-day trading on Monday, hitting $120.72. 5,750,402 shares of the company’s stock were exchanged, compared to its average volume of 3,458,195. The TJX Companies, Inc. has a fifty-two week low of $91.59 and a fifty-two week 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. The firm has a market capitalization of $135.71 billion, a P/E ratio of 28.40, a PEG ratio of 3.07 and a beta of 0.90. The company has a 50 day simple moving average of $121.31 and a 200-day simple moving average of $116.85.

TJX Companies (NYSE:TJX) last issued 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 analysts’ expectations of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. TJX Companies’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.03 earnings per share. As a group, research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio 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.