NorthRock Partners LLC Boosts Stock Position in The TJX Companies, Inc. (NYSE:TJX)

NorthRock Partners LLC boosted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 190.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,368 shares of the apparel and home fashions retailer’s stock after purchasing an additional 6,794 shares during the period. NorthRock Partners LLC’s holdings in TJX Companies were worth $1,253,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TJX. Capital Investment Advisors LLC boosted its stake in TJX Companies by 81.8% in the fourth quarter. Capital Investment Advisors LLC now owns 4,853 shares of the apparel and home fashions retailer’s stock valued at $586,000 after acquiring an additional 2,184 shares during the last quarter. Cooper Financial Group grew its holdings in TJX Companies by 28.9% during the fourth quarter. Cooper Financial Group now owns 2,448 shares of the apparel and home fashions retailer’s stock valued at $296,000 after purchasing an additional 549 shares during the period. AdvisorNet Financial Inc grew its holdings in TJX Companies by 6.8% during the fourth quarter. AdvisorNet Financial Inc now owns 2,301 shares of the apparel and home fashions retailer’s stock valued at $278,000 after purchasing an additional 146 shares during the period. Signal Advisors Wealth LLC lifted its position in shares of TJX Companies by 17.1% during the 4th quarter. Signal Advisors Wealth LLC now owns 4,911 shares of the apparel and home fashions retailer’s stock valued at $593,000 after buying an additional 716 shares during the last quarter. Finally, Henrickson Nauta Wealth Advisors Inc. purchased a new position in shares of TJX Companies during the 4th quarter valued at $202,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Trading Up 0.3%

Shares of TJX stock opened at $131.21 on Thursday. The business’s fifty day moving average is $123.64 and its 200 day moving average is $122.63. The TJX Companies, Inc. has a 52-week low of $97.53 and a 52-week high of $132.47. The company has a market capitalization of $146.57 billion, a PE ratio of 30.87, a price-to-earnings-growth ratio of 2.75 and a beta of 0.94. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.07. The business had revenue of $16.35 billion for the quarter, compared to the consensus estimate of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. On average, equities research analysts anticipate 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. Investors 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 dividend yield of 1.30%. This is a boost from TJX Companies’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, May 15th. TJX Companies’s dividend payout ratio (DPR) is currently 39.91%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TJX shares. Telsey Advisory Group reaffirmed an “outperform” rating and set a $145.00 price target on shares of TJX Companies in a research report on Thursday, February 27th. Wells Fargo & Company upped 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 Wednesday. Robert W. Baird raised their price objective on shares of TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. BMO Capital Markets raised their price objective on shares of TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Finally, Morgan Stanley dropped their target price on TJX Companies from $136.00 to $133.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 6th. One equities research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $137.25.

Insiders Place Their Bets

In related news, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction on 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 transaction, the chief executive officer now owns 484,189 shares in the company, valued at $59,569,772.67. This trade represents a 4.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alan M. Bennett sold 8,000 shares of TJX Companies 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. Insiders own 0.13% of the company’s stock.

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.