Legacy Private Trust Co. Has $3.38 Million Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Legacy Private Trust Co. grew its holdings in The TJX Companies, Inc. (NYSE:TJX) by 11.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,004 shares of the apparel and home fashions retailer’s stock after purchasing an additional 2,920 shares during the period. Legacy Private Trust Co.’s holdings in TJX Companies were worth $3,383,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. HCR Wealth Advisors acquired a new position in shares of TJX Companies during the 2nd quarter worth about $213,000. Ashton Thomas Private Wealth LLC grew its stake in TJX Companies by 19.8% in the second quarter. Ashton Thomas Private Wealth LLC now owns 7,726 shares of the apparel and home fashions retailer’s stock valued at $851,000 after purchasing an additional 1,276 shares in the last quarter. PFG Investments LLC increased its position in shares of TJX Companies by 7.8% during the 2nd quarter. PFG Investments LLC now owns 19,889 shares of the apparel and home fashions retailer’s stock worth $2,190,000 after purchasing an additional 1,435 shares during the last quarter. Prudential PLC raised its stake in shares of TJX Companies by 15.2% during the 2nd quarter. Prudential PLC now owns 94,649 shares of the apparel and home fashions retailer’s stock worth $10,421,000 after purchasing an additional 12,501 shares in the last quarter. Finally, Choreo LLC boosted its holdings in shares of TJX Companies by 1,562.4% in the 2nd quarter. Choreo LLC now owns 35,625 shares of the apparel and home fashions retailer’s stock valued at $3,938,000 after buying an additional 33,482 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on TJX shares. Guggenheim boosted their target price on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft upped their price objective on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Telsey Advisory Group reaffirmed an “outperform” rating and set a $134.00 price target on shares of TJX Companies in a report on Friday, December 6th. Jefferies Financial Group upped their price objective on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, TJX Companies has an average rating of “Moderate Buy” and an average target price of $130.89.

TJX Companies Price Performance

Shares of TJX Companies stock traded up $1.70 during trading on Wednesday, reaching $121.84. 5,193,007 shares of the company’s stock were exchanged, compared to its average volume of 4,595,677. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The TJX Companies, Inc. has a 1-year low of $92.20 and a 1-year high of $128.00. The company has a market cap of $136.97 billion, a P/E ratio of 28.67, a PEG ratio of 3.07 and a beta of 0.91. The firm’s 50-day moving average price is $121.56 and its 200 day moving average price is $116.99.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (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 previous year, the firm posted $1.03 EPS. As a group, research analysts anticipate 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. Investors of record on Thursday, February 13th will be given a dividend of $0.375 per share. 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 1.23%. TJX Companies’s dividend payout ratio is currently 35.29%.

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.