Headinvest LLC Purchases 670 Shares of The TJX Companies, Inc. (NYSE:TJX)

Headinvest LLC increased its position in The TJX Companies, Inc. (NYSE:TJX) by 3.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,703 shares of the apparel and home fashions retailer’s stock after purchasing an additional 670 shares during the period. Headinvest LLC’s holdings in TJX Companies were worth $2,622,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Norges Bank purchased a new stake in TJX Companies in the 4th quarter valued at $1,670,565,000. Raymond James Financial Inc. purchased a new stake in TJX Companies in the 4th quarter valued at $570,342,000. Capital Research Global Investors raised its position in TJX Companies by 689.6% in the 4th quarter. Capital Research Global Investors now owns 2,595,085 shares of the apparel and home fashions retailer’s stock valued at $313,512,000 after buying an additional 2,266,415 shares during the last quarter. Northern Trust Corp raised its position in TJX Companies by 15.2% in the 4th quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer’s stock valued at $1,689,628,000 after buying an additional 1,845,225 shares during the last quarter. Finally, Royal Bank of Canada raised its position in TJX Companies by 12.9% in the 4th quarter. Royal Bank of Canada now owns 12,300,919 shares of the apparel and home fashions retailer’s stock valued at $1,486,074,000 after buying an additional 1,403,561 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on TJX shares. Wells Fargo & Company reissued an “equal weight” rating on shares of TJX Companies in a research report on Wednesday. Citigroup raised TJX Companies from a “neutral” rating to a “buy” rating in a research report on Wednesday. Telsey Advisory Group reissued an “outperform” rating and issued a $145.00 price target on shares of TJX Companies in a research report on Wednesday. Morgan Stanley decreased their target price on TJX Companies from $136.00 to $133.00 and set an “overweight” rating for the company in a research report on Tuesday, May 6th. Finally, Barclays raised their target price on TJX Companies from $136.00 to $137.00 and gave the company an “overweight” rating in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, TJX Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $137.11.

TJX Companies Stock Down 2.9%

Shares of NYSE TJX opened at $130.97 on Thursday. The TJX Companies, Inc. has a 52 week low of $99.22 and a 52 week high of $135.85. The business has a 50-day simple moving average of $125.49 and a two-hundred day simple moving average of $123.32. 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 company has a market cap of $146.31 billion, a P/E ratio of 30.82, a P/E/G ratio of 2.75 and a beta of 0.94.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, topping the consensus estimate of $0.90 by $0.02. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $13.01 billion. During the same quarter last year, the company earned $0.93 EPS. The firm’s revenue was up 5.1% compared to the same quarter last year. Research 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 declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date is Thursday, May 15th. This is an increase from TJX Companies’s previous quarterly dividend of $0.38. TJX Companies’s dividend payout ratio (DPR) is 39.91%.

Insider Activity

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

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.