First National Bank of Mount Dora Trust Investment Services Has $5.94 Million Position in The TJX Companies, Inc. (NYSE:TJX)

First National Bank of Mount Dora Trust Investment Services increased its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 49,154 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,311 shares during the quarter. TJX Companies makes up approximately 1.4% of First National Bank of Mount Dora Trust Investment Services’ portfolio, making the stock its 29th largest position. First National Bank of Mount Dora Trust Investment Services’ holdings in TJX Companies were worth $5,938,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in TJX. Capital Performance Advisors LLP acquired a new stake in shares of TJX Companies during the third quarter worth approximately $29,000. Truvestments Capital LLC acquired a new stake in shares of TJX Companies during the third quarter worth approximately $29,000. Copeland Capital Management LLC acquired a new stake in shares of TJX Companies during the third quarter worth approximately $30,000. Legacy Investment Solutions LLC acquired a new stake in shares of TJX Companies during the third quarter worth approximately $30,000. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of TJX Companies during the third quarter worth approximately $37,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Trading Up 0.4 %

Shares of TJX stock opened at $121.89 on Friday. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00. The firm’s fifty day simple moving average is $122.48 and its 200 day simple moving average is $117.38. The firm has a market capitalization of $137.03 billion, a P/E ratio of 28.68, a price-to-earnings-growth ratio of 2.94 and a beta of 0.91. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. During the same quarter in the previous year, the firm posted $1.03 earnings per share. TJX Companies’s revenue was up 6.0% compared to the same quarter last year. As a group, sell-side analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be paid a dividend of $0.375 per share. The ex-dividend date 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%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Wells Fargo & Company raised their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. Guggenheim raised their price objective on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. TD Cowen raised their price objective on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $131.33.

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.