Montecito Bank & Trust Increases Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Montecito Bank & Trust boosted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 8.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 15,917 shares of the apparel and home fashions retailer’s stock after buying an additional 1,241 shares during the period. Montecito Bank & Trust’s holdings in TJX Companies were worth $1,923,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of TJX. AQR Capital Management LLC lifted its holdings in TJX Companies by 3.2% during the 2nd quarter. AQR Capital Management LLC now owns 740,531 shares of the apparel and home fashions retailer’s stock valued at $81,532,000 after buying an additional 23,070 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of TJX Companies by 33.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer’s stock worth $1,347,934,000 after purchasing an additional 3,063,318 shares during the period. DoubleLine ETF Adviser LP bought a new position in shares of TJX Companies during the second quarter valued at approximately $3,343,000. Daymark Wealth Partners LLC raised its stake in TJX Companies by 16.9% in the second quarter. Daymark Wealth Partners LLC now owns 16,139 shares of the apparel and home fashions retailer’s stock worth $1,777,000 after buying an additional 2,334 shares in the last quarter. Finally, Dark Forest Capital Management LP purchased a new stake in TJX Companies during the second quarter worth $454,000. 91.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on TJX. 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 research report on Thursday, December 5th. Evercore ISI increased their target price on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Wells Fargo & Company lifted their price target on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. TD Cowen raised their price objective on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Finally, Robert W. Baird lifted their price target on shares of TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, TJX Companies currently has an average rating of “Moderate Buy” and an average target price of $131.67.

TJX Companies Stock Up 0.1 %

NYSE:TJX opened at $122.75 on Friday. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $128.00. The stock’s fifty day moving average is $122.73 and its two-hundred day moving average is $117.75. The stock has a market capitalization of $137.99 billion, a price-to-earnings ratio of 28.88, a price-to-earnings-growth ratio of 3.00 and a beta of 0.91. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last announced its 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 analysts’ expectations of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. TJX Companies’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period last year, the business posted $1.03 EPS. Research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.50 annualized dividend and a dividend yield of 1.22%. TJX Companies’s dividend payout ratio (DPR) is currently 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.