The TJX Companies, Inc. (NYSE:TJX) Shares Purchased by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. raised its holdings in shares of The TJX Companies, Inc. (NYSE:TJXFree Report) by 20.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,265 shares of the apparel and home fashions retailer’s stock after buying an additional 727 shares during the period. First Citizens Bank & Trust Co.’s holdings in TJX Companies were worth $400,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TJX. Prio Wealth Limited Partnership lifted its position in shares of TJX Companies by 3.7% during the fourth quarter. Prio Wealth Limited Partnership now owns 116,850 shares of the apparel and home fashions retailer’s stock worth $10,962,000 after purchasing an additional 4,157 shares in the last quarter. Pine Haven Investment Counsel Inc lifted its position in shares of TJX Companies by 3.6% during the fourth quarter. Pine Haven Investment Counsel Inc now owns 10,431 shares of the apparel and home fashions retailer’s stock worth $979,000 after purchasing an additional 361 shares in the last quarter. SNS Financial Group LLC acquired a new position in shares of TJX Companies during the fourth quarter worth $200,000. Sigma Investment Counselors Inc. lifted its position in shares of TJX Companies by 3.4% during the fourth quarter. Sigma Investment Counselors Inc. now owns 81,028 shares of the apparel and home fashions retailer’s stock worth $7,601,000 after purchasing an additional 2,652 shares in the last quarter. Finally, Durante & Waters LLC acquired a new position in shares of TJX Companies during the fourth quarter worth $293,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TJX. Telsey Advisory Group reissued an “outperform” rating and set a $105.00 target price on shares of TJX Companies in a research report on Wednesday, February 28th. Redburn Atlantic lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price target for the company. in a research note on Monday, February 5th. BMO Capital Markets lifted their price target on shares of TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, February 29th. Finally, UBS Group lifted their price target on shares of TJX Companies from $95.00 to $104.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $102.19.

Read Our Latest Stock Report on TJX Companies

Insider Activity

In other news, EVP Louise Greenlees sold 2,694 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $98.83, for a total transaction of $266,248.02. Following the completion of the transaction, the executive vice president now owns 50,273 shares of the company’s stock, valued at $4,968,480.59. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, EVP Louise Greenlees sold 2,694 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $98.83, for a total transaction of $266,248.02. Following the completion of the transaction, the executive vice president now owns 50,273 shares of the company’s stock, valued at $4,968,480.59. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $98.98, for a total transaction of $1,979,600.00. Following the transaction, the chief executive officer now directly owns 515,801 shares of the company’s stock, valued at approximately $51,053,982.98. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Stock Down 2.2 %

TJX stock opened at $97.28 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.21 and a quick ratio of 0.64. The TJX Companies, Inc. has a 1-year low of $75.65 and a 1-year high of $102.84. The firm has a fifty day moving average price of $98.08 and a two-hundred day moving average price of $93.19. The firm has a market cap of $110.28 billion, a price-to-earnings ratio of 25.20, a PEG ratio of 2.56 and a beta of 0.86.

TJX Companies (NYSE:TJXGet Free Report) last released its earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.10. TJX Companies had a net margin of 8.25% and a return on equity of 64.18%. The firm had revenue of $16.41 billion during the quarter, compared to analyst estimates of $16.20 billion. During the same quarter in the previous year, the firm earned $0.89 earnings per share. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. Research analysts predict that The TJX Companies, Inc. will post 4.06 EPS for the current year.

TJX Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 16th will be issued a dividend of $0.375 per share. This is an increase from TJX Companies’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.50 annualized dividend and a dividend yield of 1.54%. TJX Companies’s payout ratio is 34.46%.

TJX Companies announced that its board has authorized a stock repurchase program on Wednesday, February 28th that authorizes the company to repurchase $2.50 billion in shares. This repurchase authorization authorizes the apparel and home fashions retailer to reacquire up to 2.2% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

About TJX Companies

(Free Report)

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.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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