Sanibel Captiva Trust Company Inc. Purchases 8,659 Shares of The TJX Companies, Inc. (NYSE:TJX)

Sanibel Captiva Trust Company Inc. boosted its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 5.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 165,201 shares of the apparel and home fashions retailer's stock after purchasing an additional 8,659 shares during the quarter. Sanibel Captiva Trust Company Inc.'s holdings in TJX Companies were worth $19,958,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. State Street Corp increased its stake in shares of TJX Companies by 1.0% in the 3rd quarter. State Street Corp now owns 47,556,435 shares of the apparel and home fashions retailer's stock worth $5,589,783,000 after acquiring an additional 469,287 shares in the last quarter. Geode Capital Management LLC grew its holdings in TJX Companies by 1.5% in the third quarter. Geode Capital Management LLC now owns 23,857,584 shares of the apparel and home fashions retailer's stock worth $2,795,121,000 after purchasing an additional 363,707 shares during the period. Ameriprise Financial Inc. increased its stake in shares of TJX Companies by 33.4% during the second quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer's stock valued at $1,347,934,000 after purchasing an additional 3,063,318 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of TJX Companies by 7.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,182,564 shares of the apparel and home fashions retailer's stock valued at $1,079,319,000 after purchasing an additional 643,833 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of TJX Companies by 9.9% in the 3rd quarter. Franklin Resources Inc. now owns 7,271,499 shares of the apparel and home fashions retailer's stock worth $837,951,000 after purchasing an additional 657,529 shares in the last quarter. Institutional investors own 91.09% of the company's stock.

TJX Companies Stock Performance

TJX Companies stock traded up $0.51 during mid-day trading on Friday, reaching $121.89. 4,752,383 shares of the stock traded hands, compared to its average volume of 4,388,107. The stock has a market capitalization of $137.03 billion, a PE ratio of 28.68, a price-to-earnings-growth ratio of 2.94 and a beta of 0.91. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The business's 50-day moving average is $122.56 and its 200-day moving average is $117.51. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, beating the consensus estimate 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 net margin of 8.63% and a return on equity of 61.82%. The business's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.03 EPS. As a group, sell-side analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be issued a $0.375 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a yield of 1.23%. TJX Companies's dividend payout ratio is currently 35.29%.

Wall Street Analysts Forecast Growth

Several research firms have commented on TJX. Telsey Advisory Group reissued an "outperform" rating and issued a $134.00 target price on shares of TJX Companies in a report on Friday, December 6th. Robert W. Baird upped their price target on shares of TJX Companies from $133.00 to $138.00 and gave the stock an "outperform" rating in a research note on Thursday, December 5th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of TJX Companies from $130.00 to $131.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Jefferies Financial Group upped their target price on shares of TJX Companies from $140.00 to $145.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Finally, TD Cowen raised their price target on shares of TJX Companies from $130.00 to $132.00 and gave the company a "buy" rating in a research report on Friday, November 22nd. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, TJX Companies presently has an average rating of "Moderate Buy" and an average price target of $131.33.

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.