The TJX Companies, Inc. (NYSE:TJX) Shares Purchased by Peapack Gladstone Financial Corp

Peapack Gladstone Financial Corp boosted its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 1.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 463,308 shares of the apparel and home fashions retailer's stock after purchasing an additional 7,292 shares during the quarter. Peapack Gladstone Financial Corp's holdings in TJX Companies were worth $54,457,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in TJX. Synovus Financial Corp increased its stake in TJX Companies by 2.6% during the third quarter. Synovus Financial Corp now owns 111,005 shares of the apparel and home fashions retailer's stock worth $13,048,000 after acquiring an additional 2,830 shares during the last quarter. Wilmington Savings Fund Society FSB increased its stake in TJX Companies by 28.7% during the third quarter. Wilmington Savings Fund Society FSB now owns 238,649 shares of the apparel and home fashions retailer's stock worth $28,051,000 after acquiring an additional 53,264 shares during the last quarter. World Investment Advisors LLC increased its stake in TJX Companies by 691.6% during the third quarter. World Investment Advisors LLC now owns 71,837 shares of the apparel and home fashions retailer's stock worth $8,444,000 after acquiring an additional 62,762 shares during the last quarter. Sanctuary Advisors LLC increased its stake in TJX Companies by 53.5% during the third quarter. Sanctuary Advisors LLC now owns 205,156 shares of the apparel and home fashions retailer's stock worth $24,920,000 after acquiring an additional 71,480 shares during the last quarter. Finally, Wealthquest Corp acquired a new stake in TJX Companies during the third quarter worth about $238,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Stock Performance

NYSE:TJX traded down $1.57 during trading hours on Friday, reaching $124.85. 4,160,277 shares of the stock were exchanged, compared to its average volume of 5,238,747. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The firm has a 50 day simple moving average of $118.90 and a 200-day simple moving average of $114.92. The TJX Companies, Inc. has a 52 week low of $88.58 and a 52 week high of $128.00. The stock has a market capitalization of $140.35 billion, a P/E ratio of 29.75, a P/E/G ratio of 3.12 and a beta of 0.90.

TJX Companies (NYSE:TJX - Get Free Report) last released its earnings results 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. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. During the same quarter last year, the business posted $1.03 EPS. TJX Companies's quarterly revenue was up 6.0% compared to the same quarter last year. As a group, sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The business also recently declared 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. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies's payout ratio is 35.29%.

Analysts Set New Price Targets

Several brokerages have commented on TJX. Bank of America upped their price target on TJX Companies from $115.00 to $135.00 and gave the stock a "buy" rating in a research note on Thursday, August 22nd. UBS Group upped their price target on TJX Companies from $134.00 to $148.00 and gave the stock a "buy" rating in a research note on Thursday, August 22nd. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $134.00 target price on shares of TJX Companies in a research report on Friday, December 6th. StockNews.com raised TJX Companies from a "hold" rating to a "buy" rating in a research report on Saturday, November 30th. Finally, Jefferies Financial Group upped their target price on TJX Companies from $140.00 to $145.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, TJX Companies currently has an average rating of "Moderate Buy" and an average target price of $130.89.

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.