NBC Securities Inc. Grows Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

NBC Securities Inc. raised its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 101,242.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,188 shares of the apparel and home fashions retailer's stock after purchasing an additional 14,174 shares during the period. NBC Securities Inc.'s holdings in TJX Companies were worth $1,728,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of TJX. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its stake in TJX Companies by 1.7% in the fourth 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 purchasing an additional 84 shares during the last quarter. Nwam LLC lifted its stake in shares of TJX Companies by 2.0% during the 4th quarter. Nwam LLC now owns 4,338 shares of the apparel and home fashions retailer's stock worth $524,000 after acquiring an additional 84 shares during the last quarter. One Charles Private Wealth Services LLC boosted its holdings in TJX Companies by 5.0% during the 4th 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 period. JFS Wealth Advisors LLC grew its position in TJX Companies by 0.9% in the 4th quarter. JFS Wealth Advisors LLC now owns 10,617 shares of the apparel and home fashions retailer's stock valued at $1,283,000 after acquiring an additional 99 shares during the last quarter. Finally, Osprey Private Wealth LLC lifted its position in shares of TJX Companies by 0.4% during the fourth quarter. Osprey Private Wealth LLC now owns 26,905 shares of the apparel and home fashions retailer's stock worth $3,250,000 after purchasing an additional 100 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Stock Down 0.6%

Shares of TJX Companies stock traded down $0.74 on Thursday, reaching $127.34. The stock had a trading volume of 4,643,032 shares, compared to its average volume of 5,245,626. The TJX Companies, Inc. has a 1 year low of $105.53 and a 1 year high of $135.85. The company has a 50 day moving average price of $127.41 and a 200 day moving average price of $124.00. 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 stock has a market capitalization of $142.25 billion, a P/E ratio of 29.96, a P/E/G ratio of 2.75 and a beta of 0.94.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $0.02. The business had revenue of $13.11 billion for the quarter, compared to the consensus estimate of $13.01 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business's quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.93 earnings per share. As a group, equities research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.425 per share. This is a positive change from TJX Companies's previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.34%. TJX Companies's payout ratio is presently 40.00%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Citigroup upgraded shares of TJX Companies from a "neutral" rating to a "buy" rating in a report on Wednesday, May 21st. JPMorgan Chase & Co. upped their target price on shares of TJX Companies from $130.00 to $145.00 and gave the stock an "overweight" rating in a research note on Monday. TD Securities lifted their price target on shares of TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. Morgan Stanley set a $140.00 price objective on TJX Companies and gave the stock an "overweight" rating in a research note on Thursday, May 22nd. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of TJX Companies in a research report on Wednesday, May 21st. One research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $141.53.

Insider Activity

In other news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total transaction of $121,685.50. Following the completion of the sale, the director now directly owns 22,712 shares in the company, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.13% of the company's stock.

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.