Simmons Bank Buys 2,292 Shares of The TJX Companies, Inc. (NYSE:TJX)

Simmons Bank grew its position in The TJX Companies, Inc. (NYSE:TJX) by 12.8% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 20,235 shares of the apparel and home fashions retailer’s stock after acquiring an additional 2,292 shares during the period. Simmons Bank’s holdings in TJX Companies were worth $2,228,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Valued Wealth Advisors LLC raised its holdings in TJX Companies by 260.3% in the 1st quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock valued at $25,000 after acquiring an additional 177 shares during the period. Richard W. Paul & Associates LLC bought a new stake in shares of TJX Companies during the second quarter worth about $25,000. Frazier Financial Advisors LLC bought a new position in shares of TJX Companies during the 4th quarter valued at approximately $27,000. First Pacific Financial purchased a new stake in TJX Companies in the 1st quarter worth approximately $29,000. Finally, OFI Invest Asset Management purchased a new stake in shares of TJX Companies during the 1st quarter valued at $30,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TJX. Deutsche Bank Aktiengesellschaft set a $114.00 target price on shares of TJX Companies in a research report on Tuesday, May 21st. UBS Group boosted their target price on shares of TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Sanford C. Bernstein boosted their target price on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. Bank of America boosted their target price on shares of TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Finally, BMO Capital Markets upped their price target on shares of TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $126.76.

TJX Companies Stock Performance

Shares of NYSE TJX traded down $0.78 during trading on Wednesday, reaching $119.28. The stock had a trading volume of 3,765,183 shares, compared to its average volume of 5,426,274. The stock has a market cap of $134.80 billion, a PE ratio of 29.80, a P/E/G ratio of 3.04 and a beta of 0.88. The firm’s 50 day moving average price is $112.28 and its two-hundred day moving average price is $103.67. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21. The TJX Companies, Inc. has a one year low of $86.71 and a one year high of $121.13.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. The company had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. TJX Companies’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.85 earnings per share. On average, research analysts forecast that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be given a $0.375 dividend. The ex-dividend date is Thursday, August 15th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.26%. TJX Companies’s dividend payout ratio is currently 37.22%.

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.