The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Busey Bank

Busey Bank reduced its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 4.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,812 shares of the apparel and home fashions retailer’s stock after selling 277 shares during the period. Busey Bank’s holdings in TJX Companies were worth $702,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Wells Fargo & Company boosted their price target on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. Telsey Advisory Group reissued an “outperform” rating and set a $134.00 target price on shares of TJX Companies in a report on Friday, December 6th. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. TD Cowen upped their price target on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, TJX Companies has an average rating of “Moderate Buy” and a consensus target price of $131.67.

TJX Companies Price Performance

TJX stock opened at $126.09 on Friday. The company has a market capitalization of $141.74 billion, a PE ratio of 29.67, a P/E/G ratio of 3.04 and a beta of 0.91. 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 business’s fifty day moving average price is $123.13 and its 200 day moving average price is $118.13. The TJX Companies, Inc. has a 12-month low of $92.35 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 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 firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. During the same quarter in the previous year, the business posted $1.03 earnings per share. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The business 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 $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s 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.