First Hawaiian Bank Decreases Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

First Hawaiian Bank lowered its holdings in The TJX Companies, Inc. (NYSE:TJX) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,154 shares of the apparel and home fashions retailer’s stock after selling 398 shares during the period. First Hawaiian Bank’s holdings in TJX Companies were worth $4,489,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Ameriprise Financial Inc. increased its stake in shares of TJX Companies by 33.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer’s stock worth $1,347,934,000 after purchasing an additional 3,063,318 shares during the last quarter. Capital Wealth Planning LLC purchased a new stake in TJX Companies in the second quarter worth $315,698,000. International Assets Investment Management LLC raised its stake in shares of TJX Companies by 13,309.4% in the third quarter. International Assets Investment Management LLC now owns 1,191,155 shares of the apparel and home fashions retailer’s stock valued at $140,008,000 after buying an additional 1,182,272 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of TJX Companies by 161.3% during 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. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of TJX Companies by 281.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,235,037 shares of the apparel and home fashions retailer’s stock worth $145,166,000 after acquiring an additional 911,351 shares during the period. Institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

TJX has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Evercore ISI lifted their price objective on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. TD Cowen lifted their price target on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Jefferies Financial Group increased their price objective on TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, Guggenheim upped their price target on TJX Companies from $135.00 to $140.00 and gave the company 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 issued a buy rating to the company. According to data from MarketBeat, TJX Companies currently has an average rating of “Moderate Buy” and a consensus price target of $130.89.

TJX Companies Trading Up 1.4 %

NYSE:TJX traded up $1.70 during midday trading on Wednesday, reaching $121.84. 5,193,007 shares of the stock traded hands, compared to its average volume of 4,595,677. The stock has a market capitalization of $136.97 billion, a P/E ratio of 28.67, a PEG ratio of 3.07 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. The company has a fifty day moving average of $121.56 and a 200 day moving average of $116.99. The TJX Companies, Inc. has a 12 month low of $92.20 and a 12 month high of $128.00.

TJX Companies (NYSE:TJX) last posted 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. 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 analysts’ expectations of $13.95 billion. During the same period last year, the firm earned $1.03 earnings per share. TJX Companies’s quarterly revenue was up 6.0% on a year-over-year basis. On average, research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

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

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.