BankPlus Trust Department Purchases New Position in The TJX Companies, Inc. (NYSE:TJX)

BankPlus Trust Department acquired a new position in shares of The TJX Companies, Inc. (NYSE:TJX) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 26,003 shares of the apparel and home fashions retailer’s stock, valued at approximately $3,141,000. TJX Companies comprises about 1.0% of BankPlus Trust Department’s holdings, making the stock its 16th biggest holding.

Several other hedge funds also recently modified their holdings of the company. Edge Capital Group LLC raised its position in TJX Companies by 5.1% in the 4th quarter. Edge Capital Group LLC now owns 4,916 shares of the apparel and home fashions retailer’s stock valued at $594,000 after purchasing an additional 240 shares during the last quarter. Rothschild Investment LLC raised its holdings in shares of TJX Companies by 4.3% in the fourth quarter. Rothschild Investment LLC now owns 3,976 shares of the apparel and home fashions retailer’s stock valued at $480,000 after buying an additional 164 shares during the last quarter. Wealthstream Advisors Inc. acquired a new position in TJX Companies during the 4th quarter worth about $203,000. IFP Advisors Inc grew its holdings in TJX Companies by 11.4% during the 4th quarter. IFP Advisors Inc now owns 19,302 shares of the apparel and home fashions retailer’s stock worth $2,332,000 after acquiring an additional 1,980 shares during the last quarter. Finally, J. W. Coons Advisors LLC raised its stake in shares of TJX Companies by 0.7% in the fourth quarter. J. W. Coons Advisors LLC now owns 32,398 shares of the apparel and home fashions retailer’s stock worth $3,914,000 after acquiring an additional 215 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on TJX shares. Wells Fargo & Company increased their price target on shares of TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. Evercore ISI upped their price target on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. TD Cowen boosted their price objective on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $145.00 price target on shares of TJX Companies in a research note on Wednesday, February 19th. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $134.18.

TJX Companies Price Performance

TJX Companies stock opened at $121.08 on Monday. The company has a market capitalization of $136.11 billion, a price-to-earnings ratio of 28.49, a PEG ratio of 2.75 and a beta of 0.91. The stock’s 50 day moving average is $122.86 and its 200-day moving average is $119.64. 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 TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be paid a $0.375 dividend. 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%.

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.