The TJX Companies, Inc. (NYSE:TJX) Shares Purchased by National Bank of Canada FI

National Bank of Canada FI raised its holdings in The TJX Companies, Inc. (NYSE:TJX) by 2.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 934,829 shares of the apparel and home fashions retailer’s stock after acquiring an additional 21,035 shares during the quarter. National Bank of Canada FI’s holdings in TJX Companies were worth $112,944,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in TJX. Howard Capital Management Group LLC lifted 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 purchasing an additional 69,489 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in TJX Companies during the 3rd quarter worth about $2,047,000. Kestra Investment Management LLC acquired a new position in shares of TJX Companies in the third quarter worth about $323,000. Benjamin Edwards Inc. boosted its holdings in shares of TJX Companies by 333.6% in 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. increased its position in shares of TJX Companies by 81.7% in 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 acquiring an additional 14,822 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

TJX opened at $122.68 on Wednesday. The stock has a 50-day moving average of $121.60 and a 200-day moving average of $120.28. 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 TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00. The company has a market cap of $137.92 billion, a PE ratio of 28.87, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96.

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

TJX Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 1.39%. This is a boost 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%.

Analysts Set New Price Targets

A number of equities analysts recently commented on TJX shares. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $145.00 price objective on shares of TJX Companies in a research note on Thursday, February 27th. BMO Capital Markets lifted their price target on TJX Companies from $133.00 to $145.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Wells Fargo & Company upped their price target 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 raised their price objective on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Finally, UBS Group upped their target price on TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a report on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $135.06.

Insider Activity

In other news, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction that occurred 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was 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. 0.13% of the stock is currently owned by company insiders.

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.