Parr Mcknight Wealth Management Group LLC Buys Shares of 36,261 The TJX Companies, Inc. (NYSE:TJX)

Parr Mcknight Wealth Management Group LLC purchased a new position in The TJX Companies, Inc. (NYSE:TJX - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 36,261 shares of the apparel and home fashions retailer's stock, valued at approximately $4,381,000.

Several other hedge funds and other institutional investors have also made changes to their positions in TJX. Norges Bank acquired a new position in TJX Companies in the fourth quarter valued at about $1,670,565,000. Raymond James Financial Inc. acquired a new stake in TJX Companies in the fourth quarter worth $570,342,000. Capital Research Global Investors boosted its position in shares of TJX Companies by 689.6% during the fourth 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 purchasing an additional 2,266,415 shares in the last quarter. Northern Trust Corp increased its position in shares of TJX Companies by 15.2% in 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 buying an additional 1,845,225 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in TJX Companies by 12.9% during the 4th quarter. Royal Bank of Canada now owns 12,300,919 shares of the apparel and home fashions retailer's stock worth $1,486,074,000 after buying an additional 1,403,561 shares during the period. 91.09% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TJX has been the subject of several recent analyst reports. Telsey Advisory Group restated an "outperform" rating and issued a $145.00 price target on shares of TJX Companies in a report on Wednesday, May 21st. Cowen reiterated a "buy" rating on shares of TJX Companies in a report on Tuesday, May 20th. Loop Capital set a $150.00 price objective on shares of TJX Companies and gave the stock a "buy" rating in a report on Thursday, May 22nd. Barclays reaffirmed an "overweight" rating and issued a $147.00 target price (up from $137.00) on shares of TJX Companies in a research note on Thursday, May 22nd. Finally, Wells Fargo & Company reissued an "equal weight" rating on shares of TJX Companies in a research note on Wednesday, May 21st. One analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $140.65.

TJX Companies Stock Performance

TJX stock traded down $0.89 during mid-day trading on Wednesday, hitting $127.07. 1,548,182 shares of the company were exchanged, compared to its average volume of 5,324,338. The TJX Companies, Inc. has a 1-year low of $101.01 and a 1-year high of $135.85. The stock has a market capitalization of $141.95 billion, a PE ratio of 29.89, a price-to-earnings-growth ratio of 2.75 and a beta of 0.94. The business has a 50 day simple moving average of $126.39 and a 200-day simple moving average of $123.71. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. During the same period in the prior year, the firm posted $0.93 EPS. The company's revenue for the quarter was up 5.1% on a year-over-year basis. On average, 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. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.425 per share. 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. This represents a $1.70 annualized dividend and a dividend yield of 1.34%. TJX Companies's dividend payout ratio (DPR) is currently 40.00%.

Insider Activity at TJX Companies

In other news, CEO Ernie Herrman sold 23,428 shares of the company'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 transaction of $2,882,346.84. Following the completion of the sale, the chief executive officer now owns 484,189 shares of the company's stock, valued at approximately $59,569,772.67. This represents a 4.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total value of $988,240.00. The disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

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.