BTC Capital Management Inc. Has $10.66 Million Holdings in The TJX Companies, Inc. (NYSE:TJX)

BTC Capital Management Inc. boosted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 4.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 88,281 shares of the apparel and home fashions retailer’s stock after buying an additional 3,367 shares during the quarter. TJX Companies makes up approximately 1.0% of BTC Capital Management Inc.’s investment portfolio, making the stock its 28th largest position. BTC Capital Management Inc.’s holdings in TJX Companies were worth $10,661,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of TJX. Trivant Custom Portfolio Group LLC bought a new stake in shares of TJX Companies during the fourth quarter worth approximately $26,000. Capital Performance Advisors LLP bought a new stake in shares of TJX Companies during the third quarter worth approximately $29,000. Truvestments Capital LLC bought a new stake in shares of TJX Companies during the third quarter worth approximately $29,000. Copeland Capital Management LLC bought a new stake in shares of TJX Companies during the third quarter worth approximately $30,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of TJX Companies during the third quarter worth approximately $30,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on TJX shares. Wells Fargo & Company boosted their price objective on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. Jefferies Financial Group boosted their price target on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Guggenheim boosted their price target on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Finally, TD Cowen boosted their price target on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, TJX Companies currently has a consensus rating of “Moderate Buy” and an average target price of $131.67.

TJX Companies Price Performance

TJX stock opened at $126.09 on Friday. The stock has a market capitalization of $141.74 billion, a PE ratio of 29.67, a price-to-earnings-growth ratio of 3.04 and a beta of 0.91. The company’s 50-day moving average is $123.25 and its 200-day moving average is $118.18. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00.

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 for the quarter, beating the consensus estimate 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 analysts’ expectations of $13.95 billion. During the same quarter last year, the firm earned $1.03 EPS. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. Equities research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be given a $0.375 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.50 annualized dividend and a yield of 1.19%. TJX Companies’s payout ratio is 35.29%.

About TJX Companies

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.