Fulton Bank N.A. Cuts Stake in The TJX Companies, Inc. (NYSE:TJX)

Fulton Bank N.A. cut its stake in The TJX Companies, Inc. (NYSE:TJX) by 14.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,645 shares of the apparel and home fashions retailer’s stock after selling 7,399 shares during the period. Fulton Bank N.A.’s holdings in TJX Companies were worth $5,152,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. First Trust Direct Indexing L.P. grew its position in TJX Companies by 12.4% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 47,104 shares of the apparel and home fashions retailer’s stock worth $5,537,000 after purchasing an additional 5,207 shares during the period. Unigestion Holding SA purchased a new position in TJX Companies during the third quarter valued at approximately $22,684,000. Nordea Investment Management AB increased its holdings in shares of TJX Companies by 13.3% during the 4th quarter. Nordea Investment Management AB now owns 7,031,237 shares of the apparel and home fashions retailer’s stock valued at $850,428,000 after purchasing an additional 827,103 shares in the last quarter. EP Wealth Advisors LLC lifted its stake in shares of TJX Companies by 229.8% in the 2nd quarter. EP Wealth Advisors LLC now owns 221,497 shares of the apparel and home fashions retailer’s stock valued at $24,387,000 after purchasing an additional 154,342 shares during the period. Finally, Benjamin Edwards Inc. grew its position in TJX Companies by 333.6% during the third quarter. Benjamin Edwards Inc. now owns 112,590 shares of the apparel and home fashions retailer’s stock valued at $13,240,000 after buying an additional 86,626 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on TJX shares. Robert W. Baird upped their price target on TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Evercore ISI lifted their target price on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Jefferies Financial Group increased their price target on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. TD Cowen boosted their target price on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Finally, StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $130.89.

TJX Companies Stock Performance

Shares of TJX stock traded up $0.79 during mid-day trading on Wednesday, hitting $120.93. The stock had a trading volume of 1,718,489 shares, compared to its average volume of 3,857,752. The TJX Companies, Inc. has a fifty-two week low of $92.20 and a fifty-two week high of $128.00. The company’s 50-day simple moving average is $121.56 and its 200-day simple moving average is $116.99. The firm has a market cap of $135.94 billion, a PE ratio of 28.45, a PEG ratio of 3.07 and a beta of 0.91. 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 released its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.05. The firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. TJX Companies’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.03 earnings per share. Sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently announced 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. 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%.

TJX Companies 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.