National Bank of Canada FI Grows Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

National Bank of Canada FI grew its holdings in The TJX Companies, Inc. (NYSE:TJX) by 2.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 934,829 shares of the apparel and home fashions retailer’s stock after acquiring an additional 21,035 shares during the period. National Bank of Canada FI owned about 0.08% of TJX Companies worth $112,944,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TJX. Bogart Wealth LLC acquired a new stake in TJX Companies in the fourth quarter valued at approximately $25,000. Trivant Custom Portfolio Group LLC purchased a new position in shares of TJX Companies in the fourth quarter valued at $26,000. Legacy Investment Solutions LLC acquired a new stake in TJX Companies during the 3rd quarter valued at $30,000. SOA Wealth Advisors LLC. purchased a new stake in TJX Companies during the 4th quarter worth $30,000. Finally, Millstone Evans Group LLC acquired a new position in TJX Companies in the 4th quarter worth $30,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Activity at TJX Companies

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Ernie Herrman sold 23,428 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the completion of the sale, the chief executive officer now directly owns 484,189 shares of the company’s stock, valued at approximately $59,569,772.67. This represents a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

Analysts Set New Price Targets

TJX has been the topic of a number of analyst reports. Wells Fargo & Company lifted their target price on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a report on Thursday, March 27th. BMO Capital Markets increased their target price on TJX Companies from $133.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Guggenheim lifted their price target 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. Finally, UBS Group increased their price objective on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $135.06.

TJX Companies Price Performance

Shares of TJX opened at $122.68 on Wednesday. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00. 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 stock has a fifty day moving average price of $121.60 and a 200 day moving average price of $120.28. The company has a market cap of $137.92 billion, a P/E ratio of 28.87, a PEG ratio of 2.75 and a beta of 0.96.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, topping the consensus estimate of $1.16 by $0.07. The business had revenue of $16.35 billion during the quarter, compared to analyst estimates of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. On average, research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 1.39%. This is a positive change from TJX Companies’s previous quarterly dividend of $0.38. The ex-dividend date is Thursday, May 15th. TJX Companies’s dividend payout ratio is 35.21%.

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.