Nicolet Advisory Services LLC Has $3.11 Million Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Nicolet Advisory Services LLC raised its stake in The TJX Companies, Inc. (NYSE:TJX) by 2.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,880 shares of the apparel and home fashions retailer’s stock after purchasing an additional 721 shares during the period. Nicolet Advisory Services LLC’s holdings in TJX Companies were worth $3,107,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of TJX. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its holdings in TJX Companies by 1.7% during the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,987 shares of the apparel and home fashions retailer’s stock worth $603,000 after buying an additional 84 shares in the last quarter. Nwam LLC lifted its stake in shares of TJX Companies by 2.0% during the fourth quarter. Nwam LLC now owns 4,338 shares of the apparel and home fashions retailer’s stock valued at $524,000 after acquiring an additional 84 shares during the period. One Charles Private Wealth Services LLC boosted its holdings in TJX Companies by 5.0% in the fourth quarter. One Charles Private Wealth Services LLC now owns 1,805 shares of the apparel and home fashions retailer’s stock valued at $218,000 after acquiring an additional 86 shares during the last quarter. Hamilton Capital LLC increased its position in TJX Companies by 3.9% in the third quarter. Hamilton Capital LLC now owns 2,413 shares of the apparel and home fashions retailer’s stock worth $273,000 after purchasing an additional 90 shares during the period. Finally, Breakwater Capital Group raised its stake in shares of TJX Companies by 1.2% during the fourth quarter. Breakwater Capital Group now owns 7,696 shares of the apparel and home fashions retailer’s stock worth $930,000 after buying an additional 91 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Morgan Stanley increased their price target on shares of TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. BMO Capital Markets boosted their price objective on shares of TJX Companies from $133.00 to $145.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Jefferies Financial Group lifted their target price on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Wells Fargo & Company lifted their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. Finally, StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Thursday, March 27th. Two investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, TJX Companies currently has a consensus rating of “Moderate Buy” and an average price target of $135.06.

Insider Activity at TJX Companies

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

TJX Companies Stock Performance

Shares of TJX stock opened at $124.99 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The firm has a 50-day moving average of $121.65 and a 200-day moving average of $120.31. The TJX Companies, Inc. has a one year low of $92.35 and a one year high of $128.00. The company has a market cap of $140.51 billion, a P/E ratio of 29.41, a P/E/G ratio of 2.75 and a beta of 0.96.

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

TJX Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date is Thursday, May 15th. This is a boost from TJX Companies’s previous quarterly dividend of $0.38. TJX Companies’s payout ratio is 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.