Cypress Advisory Group LLC Makes New $4.28 Million Investment in The TJX Companies, Inc. (NYSE:TJX)

Cypress Advisory Group LLC acquired a new position in The TJX Companies, Inc. (NYSE:TJX - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 35,437 shares of the apparel and home fashions retailer's stock, valued at approximately $4,281,000. TJX Companies accounts for approximately 3.9% of Cypress Advisory Group LLC's portfolio, making the stock its 4th biggest position.

A number of other institutional investors and hedge funds have also modified their holdings of TJX. Vanguard Group Inc. grew its stake in shares of TJX Companies by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 99,314,635 shares of the apparel and home fashions retailer's stock valued at $11,998,201,000 after purchasing an additional 578,948 shares during the period. Geode Capital Management LLC lifted its holdings in shares of TJX Companies by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 24,322,579 shares of the apparel and home fashions retailer's stock valued at $2,930,965,000 after acquiring an additional 464,995 shares during the period. Capital International Investors grew its holdings in shares of TJX Companies by 4.5% in the 4th quarter. Capital International Investors now owns 14,647,792 shares of the apparel and home fashions retailer's stock worth $1,769,600,000 after purchasing an additional 626,739 shares during the last quarter. Northern Trust Corp increased its holdings in shares of TJX Companies by 15.2% during the fourth quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer's stock worth $1,689,628,000 after buying an additional 1,845,225 shares in the last quarter. Finally, Norges Bank acquired a new stake in TJX Companies during the 4th quarter valued at $1,670,565,000. 91.09% of the stock is currently owned by institutional investors.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Ernie Herrman sold 23,428 shares of the company's stock in a transaction on 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 directly owns 484,189 shares of the company's stock, valued at $59,569,772.67. This represents a 4.62 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

TJX has been the subject of a number of research analyst reports. Morgan Stanley lifted their price target on TJX Companies from $130.00 to $135.00 and gave the company an "overweight" rating in a report on Tuesday, January 21st. Robert W. Baird upped their target price on shares of TJX Companies from $138.00 to $140.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. BMO Capital Markets raised their price target on shares of TJX Companies from $133.00 to $145.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. StockNews.com downgraded TJX Companies from a "buy" rating to a "hold" rating in a report on Thursday. Finally, Citigroup upgraded TJX Companies from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $128.00 to $140.00 in a research report on Thursday, April 3rd. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $137.06.

TJX Companies Stock Performance

Shares of TJX Companies stock traded up $1.60 on Friday, reaching $129.23. 4,720,713 shares of the company traded hands, compared to its average volume of 5,353,675. 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 market capitalization of $144.36 billion, a PE ratio of 30.41, a PEG ratio of 2.75 and a beta of 0.86. The company has a 50 day moving average of $122.53 and a 200 day moving average of $121.90. The TJX Companies, Inc. has a 52 week low of $95.38 and a 52 week high of $131.30.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $16.35 billion for the quarter, compared to analysts' expectations of $16.24 billion. Equities analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be issued a $0.425 dividend. This is a positive change from TJX Companies's previous quarterly dividend of $0.38. The ex-dividend date is Thursday, May 15th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.32%. TJX Companies's dividend payout ratio (DPR) is presently 39.91%.

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.