First American Trust FSB Makes New Investment in The TJX Companies, Inc. $TJX

First American Trust FSB acquired a new position in shares of The TJX Companies, Inc. (NYSE:TJX) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,692 shares of the apparel and home fashions retailer’s stock, valued at approximately $209,000.

Several other institutional investors and hedge funds have also modified their holdings of TJX. Ignite Planners LLC raised its position in TJX Companies by 3.8% in the 2nd quarter. Ignite Planners LLC now owns 2,130 shares of the apparel and home fashions retailer’s stock valued at $260,000 after purchasing an additional 77 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of TJX Companies by 3.3% in the second quarter. Revolve Wealth Partners LLC now owns 2,453 shares of the apparel and home fashions retailer’s stock valued at $303,000 after buying an additional 79 shares during the last quarter. Roble Belko & Company Inc lifted its position in TJX Companies by 0.3% during the 2nd quarter. Roble Belko & Company Inc now owns 31,478 shares of the apparel and home fashions retailer’s stock worth $3,887,000 after buying an additional 82 shares in the last quarter. Knuff & Co LLC lifted its position in TJX Companies by 8.5% during the 1st quarter. Knuff & Co LLC now owns 1,056 shares of the apparel and home fashions retailer’s stock worth $129,000 after buying an additional 83 shares in the last quarter. Finally, 3Chopt Investment Partners LLC grew its holdings in TJX Companies by 1.6% during the 2nd quarter. 3Chopt Investment Partners LLC now owns 5,239 shares of the apparel and home fashions retailer’s stock worth $647,000 after acquiring an additional 83 shares during the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Barclays boosted their target price on shares of TJX Companies from $147.00 to $155.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Jefferies Financial Group restated a “buy” rating and issued a $170.00 price objective on shares of TJX Companies in a research report on Tuesday, November 11th. Sanford C. Bernstein upped their price objective on TJX Companies from $145.00 to $152.00 and gave the stock an “outperform” rating in a report on Thursday, August 21st. UBS Group reissued a “buy” rating and issued a $172.00 target price on shares of TJX Companies in a research note on Tuesday, November 4th. Finally, Evercore ISI boosted their target price on TJX Companies from $150.00 to $162.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, TJX Companies presently has an average rating of “Buy” and an average price target of $151.75.

TJX Companies Stock Up 0.5%

NYSE:TJX opened at $145.86 on Wednesday. The company has a quick ratio of 0.52, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. The TJX Companies, Inc. has a 12-month low of $112.10 and a 12-month high of $148.11. The stock’s fifty day simple moving average is $142.54 and its 200-day simple moving average is $133.76. The firm has a market capitalization of $162.34 billion, a P/E ratio of 33.23, a P/E/G ratio of 3.14 and a beta of 0.90.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.09. The company had revenue of $14.40 billion during the quarter, compared to analyst estimates of $14.12 billion. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.96 EPS. Equities research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, November 13th. TJX Companies’s dividend payout ratio (DPR) is currently 38.72%.

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.