UMB Bank n.a. Buys 42,291 Shares of The TJX Companies, Inc. (NYSE:TJX)

UMB Bank n.a. raised its stake in The TJX Companies, Inc. (NYSE:TJX) by 9.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 480,353 shares of the apparel and home fashions retailer’s stock after purchasing an additional 42,291 shares during the period. TJX Companies accounts for approximately 0.9% of UMB Bank n.a.’s investment portfolio, making the stock its 25th biggest position. UMB Bank n.a.’s holdings in TJX Companies were worth $58,031,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Trivant Custom Portfolio Group LLC bought a new position in TJX Companies during the 4th quarter worth $26,000. Capital Performance Advisors LLP bought a new stake in shares of TJX Companies in the third quarter valued at approximately $29,000. Legacy Investment Solutions LLC acquired a new stake in TJX Companies during the third quarter worth approximately $30,000. Truvestments Capital LLC bought a new position in TJX Companies during the 3rd quarter worth $29,000. Finally, Copeland Capital Management LLC acquired a new position in TJX Companies in the 3rd quarter valued at $30,000. Institutional investors own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on TJX shares. Robert W. Baird raised 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. Guggenheim boosted their target price on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. UBS Group increased their price target on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Evercore ISI boosted their price objective on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Finally, StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.33.

TJX Companies Trading Up 0.4 %

NYSE TJX opened at $121.89 on Monday. The TJX Companies, Inc. has a one year low of $92.35 and a one year high of $128.00. 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 business has a 50 day simple moving average of $122.56 and a 200 day simple moving average of $117.51. The stock has a market capitalization of $137.03 billion, a P/E ratio of 28.68, a P/E/G ratio of 2.94 and a beta of 0.91.

TJX Companies (NYSE:TJX) last issued its earnings results 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. 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 analyst estimates of $13.95 billion. During the same period in the prior year, the firm earned $1.03 earnings per share. TJX Companies’s revenue was up 6.0% on a year-over-year basis. Research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) is 35.29%.

TJX Companies 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.