Napa Wealth Management Takes $3.02 Million Position in The TJX Companies, Inc. (NYSE:TJX)

Napa Wealth Management acquired a new position in The TJX Companies, Inc. (NYSE:TJX - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 24,979 shares of the apparel and home fashions retailer's stock, valued at approximately $3,018,000. TJX Companies accounts for about 1.3% of Napa Wealth Management's portfolio, making the stock its 10th biggest position.

Several other institutional investors have also added to or reduced their stakes in TJX. Vanguard Group Inc. grew its position in shares of TJX Companies by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 99,314,635 shares of the apparel and home fashions retailer's stock worth $11,998,201,000 after buying an additional 578,948 shares during the period. Geode Capital Management LLC boosted its stake in 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 worth $2,930,965,000 after acquiring an additional 464,995 shares in the last quarter. Capital International Investors boosted its stake in TJX Companies by 4.5% during the fourth 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 acquiring an additional 626,739 shares in the last quarter. Northern Trust Corp grew its holdings in TJX Companies by 15.2% in 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 purchasing an additional 1,845,225 shares during the period. Finally, Norges Bank bought a new position in shares of TJX Companies during the 4th quarter worth about $1,670,565,000. 91.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. StockNews.com raised TJX Companies from a "hold" rating to a "buy" rating in a research report on Monday. Citigroup upgraded TJX Companies from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $128.00 to $140.00 in a report on Thursday, April 3rd. Morgan Stanley cut their target price on TJX Companies from $136.00 to $133.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. Wells Fargo & Company boosted their price target on shares of TJX Companies from $115.00 to $120.00 and gave the company an "equal weight" rating in a research note on Wednesday. Finally, 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 report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, TJX Companies presently has a consensus rating of "Moderate Buy" and a consensus target price of $137.25.

TJX Companies Stock Performance

NYSE TJX traded up $0.33 on Friday, hitting $133.37. 4,871,785 shares of the stock traded hands, compared to its average volume of 5,353,315. The firm has a market capitalization of $148.98 billion, a price-to-earnings ratio of 31.38, a PEG ratio of 2.75 and a beta of 0.94. The business's fifty day moving average is $123.95 and its two-hundred day moving average is $122.76. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The TJX Companies, Inc. has a 12 month low of $97.53 and a 12 month high of $133.87.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, beating the consensus estimate of $1.16 by $0.07. The business had revenue of $16.35 billion for the quarter, compared to the consensus estimate of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. As a group, equities analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 1.27%. This is a boost from TJX Companies's previous quarterly dividend of $0.38. The ex-dividend date is Thursday, May 15th. TJX Companies's payout ratio is presently 39.91%.

Insiders Place Their Bets

In related 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 value of $2,882,346.84. Following the transaction, the chief executive officer now directly owns 484,189 shares in the company, valued at approximately $59,569,772.67. This represents a 4.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 disclosure for this sale can be found here. Corporate insiders own 0.13% of the company's stock.

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.