Fulton Bank N.A. Trims Position in The TJX Companies, Inc. (NYSE:TJX)

Fulton Bank N.A. lowered its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 14.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,645 shares of the apparel and home fashions retailer’s stock after selling 7,399 shares during the period. Fulton Bank N.A.’s holdings in TJX Companies were worth $5,152,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of TJX. Norway Savings Bank raised its position in shares of TJX Companies by 8.7% in the fourth quarter. Norway Savings Bank now owns 12,978 shares of the apparel and home fashions retailer’s stock worth $1,568,000 after buying an additional 1,037 shares in the last quarter. Diversified Trust Co boosted its position in shares of TJX Companies by 11.1% during the 4th quarter. Diversified Trust Co now owns 23,895 shares of the apparel and home fashions retailer’s stock valued at $2,887,000 after acquiring an additional 2,390 shares during the last quarter. Canandaigua National Trust Co of Florida grew its holdings in shares of TJX Companies by 24.8% during the fourth quarter. Canandaigua National Trust Co of Florida now owns 5,994 shares of the apparel and home fashions retailer’s stock worth $724,000 after purchasing an additional 1,192 shares in the last quarter. Iowa State Bank raised its stake in TJX Companies by 1.7% in the fourth quarter. Iowa State Bank now owns 16,440 shares of the apparel and home fashions retailer’s stock valued at $1,986,000 after purchasing an additional 279 shares in the last quarter. Finally, CWA Asset Management Group LLC grew its stake in TJX Companies by 7.3% in the 4th quarter. CWA Asset Management Group LLC now owns 3,774 shares of the apparel and home fashions retailer’s stock worth $456,000 after buying an additional 258 shares in the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Price Performance

Shares of TJX stock traded up $0.79 during mid-day trading on Wednesday, hitting $120.93. The company had a trading volume of 1,718,489 shares, compared to its average volume of 3,857,752. The company has a market capitalization of $135.94 billion, a P/E ratio of 28.45, a P/E/G ratio of 3.07 and a beta of 0.91. The stock’s 50 day moving average price is $121.56 and its 200-day moving average price is $116.99. 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 52-week low of $92.20 and a 52-week 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 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. The company had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm’s revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.03 earnings per share. Equities research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders 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 dividend yield of 1.24%. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on TJX shares. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Guggenheim increased their price objective on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Evercore ISI boosted their target price on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Telsey Advisory Group reiterated an “outperform” rating and set a $134.00 price target on shares of TJX Companies in a research report on Friday, December 6th. Finally, Jefferies Financial Group boosted their price objective 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 research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, TJX Companies has an average rating of “Moderate Buy” and a consensus price target of $130.89.

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.