FineMark National Bank & Trust Grows Position in The TJX Companies, Inc. $TJX

FineMark National Bank & Trust raised its stake in The TJX Companies, Inc. (NYSE:TJX) by 0.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 205,668 shares of the apparel and home fashions retailer’s stock after acquiring an additional 500 shares during the period. TJX Companies makes up 0.9% of FineMark National Bank & Trust’s portfolio, making the stock its 21st largest holding. FineMark National Bank & Trust’s holdings in TJX Companies were worth $25,398,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of TJX. TCTC Holdings LLC grew its position in shares of TJX Companies by 210.1% during the first quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer’s stock valued at $26,000 after purchasing an additional 145 shares in the last quarter. Princeton Global Asset Management LLC purchased a new stake in shares of TJX Companies during the 2nd quarter valued at about $28,000. Legacy Investment Solutions LLC bought a new stake in shares of TJX Companies in the 2nd quarter valued at approximately $32,000. True Wealth Design LLC lifted its position in TJX Companies by 121.1% in the second quarter. True Wealth Design LLC now owns 272 shares of the apparel and home fashions retailer’s stock worth $34,000 after buying an additional 149 shares during the last quarter. Finally, Activest Wealth Management boosted its stake in shares of TJX Companies by 4,485.7% during the 1st quarter. Activest Wealth Management now owns 321 shares of the apparel and home fashions retailer’s stock worth $39,000 after purchasing an additional 314 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

TJX has been the subject of a number of recent analyst reports. Barclays boosted their price objective on TJX Companies from $147.00 to $155.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Wall Street Zen upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, August 23rd. Telsey Advisory Group reiterated an “outperform” rating and issued a $155.00 price target on shares of TJX Companies in a report on Wednesday, November 12th. Weiss Ratings restated a “buy (b+)” rating on shares of TJX Companies in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. raised their price objective on TJX Companies from $148.00 to $149.00 and gave the company an “overweight” rating in a research report on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, TJX Companies currently has an average rating of “Buy” and an average price target of $151.75.

TJX Companies Stock Performance

Shares of TJX opened at $145.86 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 0.52 and a debt-to-equity ratio of 0.32. The firm has a market cap of $162.34 billion, a PE ratio of 33.23, a P/E/G ratio of 3.14 and a beta of 0.90. The TJX Companies, Inc. has a 12 month low of $112.10 and a 12 month high of $148.11. The stock has a fifty day moving average price of $142.54 and a 200-day moving average price of $133.76.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.09. The company had revenue of $14.40 billion for the quarter, compared to analyst estimates of $14.12 billion. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.96 EPS. Equities research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 13th will be given a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, November 13th. TJX Companies’s dividend payout ratio (DPR) is presently 38.72%.

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.