Orrstown Financial Services Inc. Buys 400 Shares of The TJX Companies, Inc. (NYSE:TJX)

Orrstown Financial Services Inc. grew its position in The TJX Companies, Inc. (NYSE:TJX) by 3.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 12,126 shares of the apparel and home fashions retailer’s stock after acquiring an additional 400 shares during the period. Orrstown Financial Services Inc.’s holdings in TJX Companies were worth $1,465,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Field & Main Bank raised its stake in shares of TJX Companies by 2.7% during the fourth quarter. Field & Main Bank now owns 17,440 shares of the apparel and home fashions retailer’s stock valued at $2,107,000 after acquiring an additional 460 shares during the last quarter. Nvest Financial LLC lifted its stake in shares of TJX Companies by 10.8% in the fourth quarter. Nvest Financial LLC now owns 23,126 shares of the apparel and home fashions retailer’s stock worth $2,794,000 after acquiring an additional 2,251 shares during the period. Foster Victor Wealth Advisors LLC increased its position in TJX Companies by 5.1% during the 4th quarter. Foster Victor Wealth Advisors LLC now owns 2,063 shares of the apparel and home fashions retailer’s stock valued at $251,000 after purchasing an additional 101 shares during the period. Smith Group Asset Management LLC lifted its position in shares of TJX Companies by 1.2% in the 4th quarter. Smith Group Asset Management LLC now owns 205,180 shares of the apparel and home fashions retailer’s stock worth $24,788,000 after purchasing an additional 2,433 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of TJX Companies by 9.7% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,355,434 shares of the apparel and home fashions retailer’s stock valued at $163,750,000 after purchasing an additional 120,397 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on TJX shares. Morgan Stanley upped their price target on shares of TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Jefferies Financial Group lifted their target price on TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Robert W. Baird raised their price objective on shares of TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Guggenheim increased their target price on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $134.00 price target on shares of TJX Companies in a research note on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $131.67.

TJX Companies Stock Up 0.2 %

Shares of NYSE TJX traded up $0.31 during trading on Wednesday, hitting $124.65. The stock had a trading volume of 156,516 shares, compared to its average volume of 4,204,539. 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 firm has a fifty day moving average of $123.04 and a two-hundred day moving average of $118.08. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00. The company has a market capitalization of $140.13 billion, a PE ratio of 29.32, a PEG ratio of 3.00 and a beta of 0.91.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, topping the consensus estimate of $1.09 by $0.05. The firm had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.03 EPS. As a group, equities research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently announced 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. The ex-dividend date is Thursday, February 13th. This represents a $1.50 annualized dividend and a yield of 1.20%. TJX Companies’s dividend payout ratio is currently 35.29%.

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.