The TJX Companies, Inc. (NYSE:TJX) is Provident Trust Co.’s 9th Largest Position

Provident Trust Co. grew its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 71.3% during the fourth quarter, Holdings Channel reports. The firm owned 2,723,149 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,133,486 shares during the period. TJX Companies makes up approximately 5.7% of Provident Trust Co.’s investment portfolio, making the stock its 9th largest position. Provident Trust Co.’s holdings in TJX Companies were worth $328,984,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. GAM Holding AG purchased a new position in shares of TJX Companies during the fourth quarter worth approximately $1,167,000. Kornitzer Capital Management Inc. KS raised its holdings in shares of TJX Companies by 2.3% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 12,449 shares of the apparel and home fashions retailer’s stock valued at $1,504,000 after buying an additional 277 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in shares of TJX Companies by 8.0% during the fourth quarter. Venturi Wealth Management LLC now owns 120,387 shares of the apparel and home fashions retailer’s stock worth $14,544,000 after buying an additional 8,883 shares during the last quarter. Fortis Group Advisors LLC acquired a new position in TJX Companies in the 4th quarter valued at about $2,060,000. Finally, Citizens & Northern Corp raised its stake in TJX Companies by 2.9% during the 4th quarter. Citizens & Northern Corp now owns 17,874 shares of the apparel and home fashions retailer’s stock valued at $2,159,000 after acquiring an additional 500 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TJX has been the subject of a number of analyst reports. Morgan Stanley upped their price objective on shares of TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. UBS Group lifted their price target on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Evercore ISI lifted their price target on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Two investment 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, TJX Companies has an average rating of “Moderate Buy” and an average target price of $133.53.

TJX Companies Trading Down 1.2 %

Shares of TJX stock opened at $124.33 on Tuesday. The stock has a fifty day moving average of $123.17 and a two-hundred day moving average of $119.19. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00. The firm has a market capitalization of $139.77 billion, a PE ratio of 29.25, a price-to-earnings-growth ratio of 2.82 and a beta of 0.91. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

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

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be given a $0.375 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a yield of 1.21%. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

TJX Companies Company 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.