National Bank of Canada FI Boosts Stake in The TJX Companies, Inc. (NYSE:TJX)

National Bank of Canada FI lifted its stake in The TJX Companies, Inc. (NYSE:TJX) by 15.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 913,794 shares of the apparel and home fashions retailer’s stock after acquiring an additional 124,986 shares during the period. National Bank of Canada FI’s holdings in TJX Companies were worth $107,371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the company. EP Wealth Advisors LLC boosted its holdings in TJX Companies by 12.9% in the 3rd quarter. EP Wealth Advisors LLC now owns 250,142 shares of the apparel and home fashions retailer’s stock worth $29,402,000 after buying an additional 28,645 shares during the period. Worldquant Millennium Advisors LLC boosted its holdings in TJX Companies by 146.0% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 950,064 shares of the apparel and home fashions retailer’s stock worth $111,671,000 after buying an additional 563,912 shares during the period. Wahed Invest LLC boosted its holdings in TJX Companies by 9.7% in the 3rd quarter. Wahed Invest LLC now owns 27,525 shares of the apparel and home fashions retailer’s stock worth $3,235,000 after buying an additional 2,433 shares during the period. Weiss Asset Management LP bought a new position in TJX Companies in the 3rd quarter worth $14,034,000. Finally, Two Sigma Advisers LP boosted its holdings in TJX Companies by 121.6% in the 3rd quarter. Two Sigma Advisers LP now owns 599,598 shares of the apparel and home fashions retailer’s stock worth $70,477,000 after buying an additional 328,998 shares during the period. Institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TJX. Citigroup downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and upped their target price for the stock from $110.00 to $128.00 in a report on Thursday, August 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $134.00 target price on shares of TJX Companies in a report on Friday. Morgan Stanley increased their price objective on shares of TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. UBS Group increased their price objective on shares of TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Finally, BMO Capital Markets increased their price objective on shares of TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, TJX Companies currently has an average rating of “Moderate Buy” and a consensus price target of $130.89.

Insider Transactions at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the transaction, the chief executive officer now directly owns 536,148 shares in the company, valued at approximately $63,018,835.92. This trade represents a 2.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Stock Performance

TJX Companies stock opened at $126.07 on Friday. 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 TJX Companies, Inc. has a 1-year low of $88.43 and a 1-year high of $128.00. The firm has a market capitalization of $142.19 billion, a P/E ratio of 29.66, a price-to-earnings-growth ratio of 3.09 and a beta of 0.90. The company’s 50-day moving average is $117.92 and its 200 day moving average is $113.99.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. During the same period in the prior year, the company posted $1.03 EPS. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. Research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 14th were given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend was Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is currently 35.29%.

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.