The TJX Companies, Inc. (NYSE:TJX) Shares Bought by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC raised its stake in The TJX Companies, Inc. (NYSE:TJX) by 27.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,674 shares of the apparel and home fashions retailer’s stock after buying an additional 1,019 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in TJX Companies were worth $565,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in TJX Companies by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 99,314,635 shares of the apparel and home fashions retailer’s stock valued at $11,998,201,000 after buying an additional 578,948 shares during the last quarter. Geode Capital Management LLC lifted its position in TJX Companies by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 24,322,579 shares of the apparel and home fashions retailer’s stock valued at $2,930,965,000 after buying an additional 464,995 shares during the last quarter. Capital International Investors lifted its position in TJX Companies by 4.5% in the fourth quarter. Capital International Investors now owns 14,647,792 shares of the apparel and home fashions retailer’s stock valued at $1,769,600,000 after buying an additional 626,739 shares during the last quarter. Northern Trust Corp increased its stake in TJX Companies by 15.2% during the fourth quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer’s stock worth $1,689,628,000 after purchasing an additional 1,845,225 shares during the period. Finally, Norges Bank purchased a new stake in TJX Companies during the fourth quarter worth about $1,670,565,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

TJX has been the topic of a number of recent research reports. UBS Group reiterated a “buy” rating and set a $164.00 price target (up from $154.00) on shares of TJX Companies in a research note on Thursday, May 22nd. Wells Fargo & Company reiterated an “equal weight” rating on shares of TJX Companies in a research note on Wednesday, May 21st. Telsey Advisory Group reiterated an “outperform” rating and set a $145.00 price target on shares of TJX Companies in a research note on Wednesday, May 21st. BMO Capital Markets reiterated an “outperform” rating on shares of TJX Companies in a research note on Wednesday, May 21st. Finally, Cowen reiterated a “buy” rating on shares of TJX Companies in a research note on Tuesday, May 20th. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $140.65.

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. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Stock Performance

Shares of TJX opened at $127.04 on Friday. The stock has a 50 day moving average price of $126.74 and a 200 day moving average price of $123.79. 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 capitalization of $141.92 billion, a price-to-earnings ratio of 29.89, a price-to-earnings-growth ratio of 2.75 and a beta of 0.94. The TJX Companies, Inc. has a 52-week low of $101.80 and a 52-week high of $135.85.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.02. The firm had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $13.01 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.93 earnings per share. Research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be issued a $0.425 dividend. This is an increase from TJX Companies’s previous quarterly dividend of $0.38. This represents a $1.70 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend is Thursday, May 15th. TJX Companies’s dividend payout ratio is presently 40.00%.

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.