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

Huntington National Bank raised its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 553,959 shares of the apparel and home fashions retailer’s stock after buying an additional 18,154 shares during the period. Huntington National Bank’s holdings in TJX Companies were worth $66,924,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Howard Capital Management Group LLC increased its holdings in shares of TJX Companies by 42.9% during the third quarter. Howard Capital Management Group LLC now owns 231,481 shares of the apparel and home fashions retailer’s stock valued at $27,208,000 after acquiring an additional 69,489 shares in the last quarter. Edgestream Partners L.P. acquired a new position in TJX Companies during the 3rd quarter valued at approximately $2,047,000. Kestra Investment Management LLC purchased a new position in shares of TJX Companies in the third quarter worth $323,000. Benjamin Edwards Inc. lifted its stake in shares of TJX Companies by 333.6% during the third quarter. Benjamin Edwards Inc. now owns 112,590 shares of the apparel and home fashions retailer’s stock worth $13,240,000 after buying an additional 86,626 shares during the period. Finally, Hilltop Holdings Inc. lifted its stake in shares of TJX Companies by 81.7% during the third quarter. Hilltop Holdings Inc. now owns 32,960 shares of the apparel and home fashions retailer’s stock worth $3,874,000 after buying an additional 14,822 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

TJX has been the subject of a number of research analyst reports. Barclays raised their target price on TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a research note on Thursday, February 27th. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research note on Thursday, March 27th. Wells Fargo & Company upped their target price on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. Guggenheim lifted their price objective on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Jefferies Financial Group increased their price objective 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. Two investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.06.

Insider Activity

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of the company’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total value of $2,882,346.84. Following the completion of the sale, the chief executive officer now directly owns 484,189 shares in the company, valued at $59,569,772.67. This represents a 4.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alan M. Bennett sold 8,000 shares of the company’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 disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

TJX Companies Stock Performance

TJX opened at $122.68 on Wednesday. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00. 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’s fifty day simple moving average is $121.60 and its two-hundred day simple moving average is $120.28. The company has a market cap of $137.92 billion, a price-to-earnings ratio of 28.87, a PEG ratio of 2.75 and a beta of 0.96.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.07. The business had revenue of $16.35 billion during the quarter, compared to analysts’ expectations of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. Equities analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

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

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.