Captrust Financial Advisors Has $38.67 Million Holdings in The TJX Companies, Inc. (NYSE:TJX)

Captrust Financial Advisors boosted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 320,108 shares of the apparel and home fashions retailer's stock after purchasing an additional 8,823 shares during the period. Captrust Financial Advisors' holdings in TJX Companies were worth $38,672,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of TJX Companies during the 4th quarter worth about $1,670,565,000. Raymond James Financial Inc. bought a new position in shares of TJX Companies in the fourth quarter valued at approximately $570,342,000. Capital Research Global Investors grew its position in TJX Companies by 689.6% during the 4th quarter. Capital Research Global Investors now owns 2,595,085 shares of the apparel and home fashions retailer's stock worth $313,512,000 after acquiring an additional 2,266,415 shares during the last quarter. Northern Trust Corp increased its holdings in TJX Companies by 15.2% during the 4th quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer's stock valued at $1,689,628,000 after purchasing an additional 1,845,225 shares in the last quarter. Finally, DJE Kapital AG bought a new position in shares of TJX Companies in the fourth quarter valued at about $140,068,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at TJX Companies

In related news, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction that occurred on 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 document filed with the SEC, which is available at this link. Also, CEO Ernie Herrman sold 23,428 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 484,189 shares in the company, 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 insiders.

TJX Companies Trading Up 0.1 %

Shares of TJX traded up $0.07 during trading hours on Friday, reaching $128.16. The stock had a trading volume of 4,131,085 shares, compared to its average volume of 5,332,622. The company has a market cap of $143.17 billion, a P/E ratio of 30.16, a P/E/G ratio of 2.75 and a beta of 0.94. The TJX Companies, Inc. has a 52 week low of $97.53 and a 52 week high of $131.30. 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 firm has a 50-day moving average of $122.89 and a 200 day moving average of $122.19.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. On average, sell-side analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share 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. Stockholders of record on Thursday, May 15th will be issued a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Thursday, May 15th. This is a boost from TJX Companies's previous quarterly dividend of $0.38. TJX Companies's dividend payout ratio is 39.91%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on TJX shares. Morgan Stanley lowered their price objective on shares of TJX Companies from $136.00 to $133.00 and set an "overweight" rating for the company in a research report on Tuesday. UBS Group raised their price target on shares of TJX Companies from $148.00 to $151.00 and gave the company a "buy" rating in a report on Friday, January 10th. Wells Fargo & Company dropped their price objective on shares of TJX Companies from $125.00 to $115.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 30th. Robert W. Baird lifted their target price on TJX Companies from $138.00 to $140.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Finally, StockNews.com lowered TJX Companies from a "buy" rating to a "hold" rating in a research note on Thursday, May 1st. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $136.94.

TJX Companies Company 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.