Farmers Trust Co. Lowers Holdings in The TJX Companies, Inc. (NYSE:TJX)

Farmers Trust Co. lowered its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 5.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,684 shares of the apparel and home fashions retailer’s stock after selling 2,225 shares during the period. Farmers Trust Co.’s holdings in TJX Companies were worth $5,157,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of TJX. First Trust Direct Indexing L.P. boosted its holdings in shares of TJX Companies by 12.4% in 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 shares of TJX Companies during the third quarter worth approximately $22,684,000. Nordea Investment Management AB boosted its holdings in shares of TJX Companies by 13.3% in the fourth 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 during the period. EP Wealth Advisors LLC raised its position in TJX Companies by 229.8% during 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 in the last quarter. Finally, Benjamin Edwards Inc. grew its position in shares of TJX Companies by 333.6% during the 3rd quarter. Benjamin Edwards Inc. now owns 112,590 shares of the apparel and home fashions retailer’s stock worth $13,240,000 after buying an additional 86,626 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

TJX Companies stock traded up $1.61 during trading on Wednesday, reaching $121.75. The company had a trading volume of 2,804,224 shares, compared to its average volume of 4,075,409. 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 firm has a market capitalization of $136.87 billion, a PE ratio of 28.65, a price-to-earnings-growth ratio of 3.07 and a beta of 0.91. The TJX Companies, Inc. has a 1-year low of $92.20 and a 1-year high of $128.00. The firm’s 50-day simple moving average is $121.56 and its 200 day simple moving average is $116.99.

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

TJX Companies Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 1.23%. TJX Companies’s dividend payout ratio (DPR) is 35.29%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on TJX shares. Guggenheim raised their target price 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. Evercore ISI increased their target price on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Telsey Advisory Group reiterated an “outperform” rating and set a $134.00 price objective on shares of TJX Companies in a report on Friday, December 6th. TD Cowen upped their price objective 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, Jefferies Financial Group raised their price target on shares of TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $130.89.

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.