Norway Savings Bank Raises Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Norway Savings Bank increased its holdings in The TJX Companies, Inc. (NYSE:TJX) by 8.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,978 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,037 shares during the period. Norway Savings Bank’s holdings in TJX Companies were worth $1,568,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of TJX. Private Advisor Group LLC boosted its holdings in shares of TJX Companies by 11.5% in the 2nd quarter. Private Advisor Group LLC now owns 89,568 shares of the apparel and home fashions retailer’s stock worth $9,861,000 after purchasing an additional 9,227 shares during the period. Advisor OS LLC raised its stake in shares of TJX Companies by 6.7% in the second quarter. Advisor OS LLC now owns 2,644 shares of the apparel and home fashions retailer’s stock valued at $291,000 after acquiring an additional 166 shares during the period. Norden Group LLC lifted its holdings in shares of TJX Companies by 36.5% in the 2nd quarter. Norden Group LLC now owns 3,883 shares of the apparel and home fashions retailer’s stock worth $427,000 after acquiring an additional 1,038 shares during the last quarter. Ballentine Partners LLC lifted its holdings in shares of TJX Companies by 1.4% in the 2nd quarter. Ballentine Partners LLC now owns 23,778 shares of the apparel and home fashions retailer’s stock worth $2,618,000 after acquiring an additional 323 shares during the last quarter. Finally, First Foundation Advisors lifted its stake in TJX Companies by 2.3% in the second quarter. First Foundation Advisors now owns 49,459 shares of the apparel and home fashions retailer’s stock worth $5,445,000 after purchasing an additional 1,120 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on TJX shares. TD Cowen increased their target price on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Robert W. Baird increased their price target on TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Telsey Advisory Group restated an “outperform” rating and issued a $134.00 price objective on shares of TJX Companies in a report on Friday, December 6th. Finally, Jefferies Financial Group increased their target price 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 investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $130.89.

TJX Companies Stock Performance

Shares of TJX Companies stock traded down $0.34 during midday trading on Tuesday, hitting $120.54. The company had a trading volume of 2,392,278 shares, compared to its average volume of 3,882,476. The company has a fifty day simple moving average of $121.44 and a 200 day simple moving average of $116.92. The stock has a market cap of $135.51 billion, a price-to-earnings ratio of 28.36, a PEG ratio of 3.07 and a beta of 0.91. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a 12-month low of $91.59 and a 12-month 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 (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.05. The firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the business posted $1.03 earnings per share. As a group, 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 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. This represents a $1.50 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio is currently 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.