TJX Companies Inc (TJX) Shares Bought by Rockland Trust Co.

Rockland Trust Co. grew its stake in TJX Companies Inc (NYSE:TJX) by 95.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,982 shares of the apparel and home fashions retailer’s stock after acquiring an additional 2,434 shares during the period. Rockland Trust Co.’s holdings in TJX Companies were worth $223,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Edge Wealth Management LLC grew its stake in TJX Companies by 100.0% in the 4th quarter. Edge Wealth Management LLC now owns 650 shares of the apparel and home fashions retailer’s stock worth $29,000 after acquiring an additional 325 shares in the last quarter. Lenox Wealth Advisors LLC lifted its position in shares of TJX Companies by 100.0% in the 4th quarter. Lenox Wealth Advisors LLC now owns 734 shares of the apparel and home fashions retailer’s stock worth $33,000 after purchasing an additional 367 shares during the period. First Financial Corp IN lifted its position in shares of TJX Companies by 100.0% in the 4th quarter. First Financial Corp IN now owns 1,150 shares of the apparel and home fashions retailer’s stock worth $51,000 after purchasing an additional 575 shares during the period. Dubuque Bank & Trust Co. lifted its position in shares of TJX Companies by 335.1% in the 4th quarter. Dubuque Bank & Trust Co. now owns 1,710 shares of the apparel and home fashions retailer’s stock worth $77,000 after purchasing an additional 1,317 shares during the period. Finally, Webster Bank N. A. lifted its position in shares of TJX Companies by 81.5% in the 4th quarter. Webster Bank N. A. now owns 2,218 shares of the apparel and home fashions retailer’s stock worth $100,000 after purchasing an additional 996 shares during the period. Institutional investors and hedge funds own 44.69% of the company’s stock.

TJX has been the subject of several research reports. ValuEngine cut shares of TJX Companies from a “sell” rating to a “strong sell” rating in a research report on Wednesday, November 7th. Zacks Investment Research raised shares of TJX Companies from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a research report on Friday, November 16th. Barclays set a $59.00 price target on shares of TJX Companies and gave the stock a “hold” rating in a research report on Thursday, November 8th. MKM Partners set a $58.00 target price on shares of TJX Companies and gave the company a “buy” rating in a research report on Friday, November 30th. Finally, Cowen set a $59.00 target price on shares of TJX Companies and gave the company a “buy” rating in a research report on Wednesday, November 21st. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and seventeen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $53.58.

NYSE:TJX opened at $48.00 on Friday. The firm has a market capitalization of $58.61 billion, a PE ratio of 23.76, a price-to-earnings-growth ratio of 1.75 and a beta of 0.67. TJX Companies Inc has a 1-year low of $36.41 and a 1-year high of $56.64. The company has a current ratio of 1.55, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Tuesday, November 20th. The apparel and home fashions retailer reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.02. The firm had revenue of $9.83 billion for the quarter, compared to analyst estimates of $9.50 billion. TJX Companies had a net margin of 7.98% and a return on equity of 59.74%. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.00 earnings per share. Research analysts predict that TJX Companies Inc will post 2.44 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 7th. Investors of record on Thursday, February 14th will be given a dividend of $0.195 per share. The ex-dividend date is Wednesday, February 13th. This represents a $0.78 annualized dividend and a yield of 1.63%. TJX Companies’s dividend payout ratio is presently 38.61%.

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About TJX Companies

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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, accent furniture, lamps, rugs, wall décor, decorative accessories, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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