Indiana Trust & Investment Management Co Boosts Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Indiana Trust & Investment Management Co grew its position in The TJX Companies, Inc. (NYSE:TJX) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,619 shares of the apparel and home fashions retailer’s stock after acquiring an additional 287 shares during the period. TJX Companies comprises 1.1% of Indiana Trust & Investment Management Co’s portfolio, making the stock its 17th largest holding. Indiana Trust & Investment Management Co’s holdings in TJX Companies were worth $3,337,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Trivant Custom Portfolio Group LLC purchased a new stake in shares of TJX Companies in the fourth quarter valued at $26,000. Capital Performance Advisors LLP acquired a new position in shares of TJX Companies during the third quarter worth about $29,000. Legacy Investment Solutions LLC acquired a new stake in TJX Companies in the third quarter valued at approximately $30,000. Truvestments Capital LLC acquired a new stake in shares of TJX Companies during the third quarter valued at about $29,000. Finally, SOA Wealth Advisors LLC. purchased a new position in shares of TJX Companies during the 4th quarter valued at approximately $30,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on TJX shares. UBS Group raised their price objective on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Robert W. Baird boosted their target price on shares of TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, TD Cowen raised their target price on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $133.53.

TJX Companies Trading Down 0.2 %

TJX Companies stock opened at $124.66 on Wednesday. The stock has a market cap of $140.14 billion, a P/E ratio of 29.33, a PEG ratio of 2.82 and a beta of 0.91. The firm’s 50 day moving average price is $123.23 and its 200-day moving average price is $118.85. 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 data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, beating 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 company had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. During the same quarter last year, the business posted $1.03 EPS. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, equities analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company 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 dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 annualized dividend and a yield of 1.20%. TJX Companies’s dividend payout ratio is presently 35.29%.

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.