UMB Bank n.a. Grows Holdings in The TJX Companies, Inc. (NYSE:TJX)

UMB Bank n.a. raised its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 9.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 480,353 shares of the apparel and home fashions retailer's stock after acquiring an additional 42,291 shares during the period. TJX Companies makes up 0.9% of UMB Bank n.a.'s portfolio, making the stock its 25th largest holding. UMB Bank n.a.'s holdings in TJX Companies were worth $58,031,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Seven Eight Capital LP bought a new position in shares of TJX Companies during the 2nd quarter valued at approximately $306,000. King Luther Capital Management Corp grew its stake in TJX Companies by 594.8% in the 2nd quarter. King Luther Capital Management Corp now owns 41,771 shares of the apparel and home fashions retailer's stock worth $4,599,000 after acquiring an additional 35,759 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of TJX Companies by 2.5% during the second quarter. Pacer Advisors Inc. now owns 133,124 shares of the apparel and home fashions retailer's stock worth $14,657,000 after acquiring an additional 3,209 shares during the period. Sei Investments Co. raised its stake in shares of TJX Companies by 6.6% during the second quarter. Sei Investments Co. now owns 684,085 shares of the apparel and home fashions retailer's stock valued at $75,312,000 after acquiring an additional 42,609 shares in the last quarter. Finally, Summit Trail Advisors LLC boosted its holdings in shares of TJX Companies by 7.1% in the second quarter. Summit Trail Advisors LLC now owns 19,440 shares of the apparel and home fashions retailer's stock valued at $2,140,000 after purchasing an additional 1,293 shares during the period. Hedge funds and other institutional investors own 91.09% of the company's stock.

TJX Companies Stock Performance

Shares of NYSE:TJX traded up $0.51 during trading on Monday, hitting $121.89. The stock had a trading volume of 4,752,383 shares, compared to its average volume of 4,388,107. 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 TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00. The stock has a 50-day simple moving average of $122.56 and a two-hundred day simple moving average of $117.56. The stock has a market capitalization of $137.03 billion, a price-to-earnings ratio of 28.68, a price-to-earnings-growth ratio of 2.94 and a beta of 0.91.

TJX Companies (NYSE:TJX - Get Free Report) last issued its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.05. The firm had revenue of $14.06 billion during the quarter, compared to analysts' expectations of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm's revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.03 earnings per share. On average, equities research analysts expect 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 announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies's dividend payout ratio (DPR) is 35.29%.

Wall Street Analyst Weigh In

TJX has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on TJX Companies from $130.00 to $131.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Guggenheim upped their price objective on shares of TJX Companies from $135.00 to $140.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Robert W. Baird raised their target price on shares of TJX Companies from $133.00 to $138.00 and gave the company an "outperform" rating in a research report on Thursday, December 5th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $134.00 price target on shares of TJX Companies in a research report on Friday, December 6th. Finally, Evercore ISI increased their target price on TJX Companies from $138.00 to $142.00 and gave the company an "outperform" rating in a research report on Thursday, November 21st. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, TJX Companies has a consensus rating of "Moderate Buy" and a consensus target price of $131.33.

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.