BankPlus Trust Department Acquires New Shares in The TJX Companies, Inc. (NYSE:TJX)

BankPlus Trust Department bought a new position in shares of The TJX Companies, Inc. (NYSE:TJX) in the 4th quarter, HoldingsChannel.com reports. The fund bought 26,003 shares of the apparel and home fashions retailer’s stock, valued at approximately $3,141,000. TJX Companies comprises approximately 1.0% of BankPlus Trust Department’s holdings, making the stock its 16th largest position.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Provident Trust Co. lifted its stake in shares of TJX Companies by 71.3% in the 4th quarter. Provident Trust Co. now owns 2,723,149 shares of the apparel and home fashions retailer’s stock valued at $328,984,000 after acquiring an additional 1,133,486 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its holdings in TJX Companies by 161.3% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,786,652 shares of the apparel and home fashions retailer’s stock valued at $210,003,000 after buying an additional 1,102,912 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of TJX Companies by 281.6% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,235,037 shares of the apparel and home fashions retailer’s stock valued at $145,166,000 after acquiring an additional 911,351 shares during the last quarter. Canoe Financial LP lifted its holdings in shares of TJX Companies by 564.0% during the fourth quarter. Canoe Financial LP now owns 1,064,217 shares of the apparel and home fashions retailer’s stock worth $128,568,000 after purchasing an additional 903,939 shares during the period. Finally, Nordea Investment Management AB raised its position in TJX Companies by 13.3% during the 4th quarter. Nordea Investment Management AB now owns 7,031,237 shares of the apparel and home fashions retailer’s stock worth $850,428,000 after purchasing an additional 827,103 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $121.08 on Monday. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00. 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 stock has a market cap of $136.11 billion, a P/E ratio of 28.49, a P/E/G ratio of 2.75 and a beta of 0.91. The company has a 50 day moving average of $122.86 and a 200 day moving average of $119.64.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio is 35.29%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Wells Fargo & Company raised 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. Morgan Stanley increased their price target on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. TD Cowen boosted their price objective on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Robert W. Baird boosted their price target on TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Finally, Jefferies Financial Group lifted their price objective on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Two research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $134.18.

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.