Canandaigua National Trust Co of Florida Acquires 1,192 Shares of The TJX Companies, Inc. (NYSE:TJX)

Canandaigua National Trust Co of Florida boosted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 24.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,994 shares of the apparel and home fashions retailer’s stock after acquiring an additional 1,192 shares during the quarter. Canandaigua National Trust Co of Florida’s holdings in TJX Companies were worth $724,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Capital Performance Advisors LLP bought a new stake in shares of TJX Companies during the third quarter valued at approximately $29,000. Truvestments Capital LLC bought a new position in TJX Companies in the 3rd quarter valued at $29,000. Copeland Capital Management LLC acquired a new stake in shares of TJX Companies in the 3rd quarter valued at $30,000. Legacy Investment Solutions LLC bought a new stake in shares of TJX Companies during the third quarter worth $30,000. Finally, Northwest Investment Counselors LLC acquired a new position in shares of TJX Companies during the third quarter valued at $37,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Down 0.0 %

Shares of TJX stock traded down $0.01 on Monday, hitting $120.72. 5,750,402 shares of the stock were exchanged, compared to its average volume of 3,458,195. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $135.71 billion, a P/E ratio of 28.40, a price-to-earnings-growth ratio of 3.07 and a beta of 0.90. The TJX Companies, Inc. has a fifty-two week low of $91.59 and a fifty-two week high of $128.00. The business has a 50-day moving average of $121.31 and a 200 day moving average of $116.85.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. During the same quarter in the prior year, the firm posted $1.03 EPS. The business’s revenue was up 6.0% on a year-over-year basis. Equities analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be paid a dividend of $0.375 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.24%. TJX Companies’s dividend payout ratio is 35.29%.

Analyst Ratings Changes

Several analysts have weighed in on TJX shares. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Guggenheim increased their price objective on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, December 5th. TD Cowen lifted their target price on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Telsey Advisory Group reissued an “outperform” rating and issued a $134.00 price target on shares of TJX Companies in a research note on Friday, December 6th. Finally, Robert W. Baird lifted their price objective on TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $130.89.

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.