Snowden Capital Advisors LLC Increases Position in The TJX Companies, Inc. (NYSE:TJX)

Snowden Capital Advisors LLC lifted its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 6.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,236 shares of the apparel and home fashions retailer's stock after purchasing an additional 2,702 shares during the period. Snowden Capital Advisors LLC's holdings in TJX Companies were worth $5,465,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of TJX. Norges Bank purchased a new position in TJX Companies in the 4th quarter valued at approximately $1,670,565,000. Raymond James Financial Inc. purchased a new position in TJX Companies in the 4th quarter valued at approximately $570,342,000. Capital Research Global Investors grew its stake in TJX Companies by 689.6% in the 4th quarter. Capital Research Global Investors now owns 2,595,085 shares of the apparel and home fashions retailer's stock valued at $313,512,000 after buying an additional 2,266,415 shares in the last quarter. Northern Trust Corp grew its stake in 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 grew its stake in TJX Companies by 12.9% in the 4th quarter. Royal Bank of Canada now owns 12,300,919 shares of the apparel and home fashions retailer's stock valued at $1,486,074,000 after buying an additional 1,403,561 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on TJX shares. Telsey Advisory Group reissued an "outperform" rating and issued a $145.00 price target on shares of TJX Companies in a report on Thursday, February 27th. Citigroup raised shares of TJX Companies from a "neutral" rating to a "buy" rating and raised their price target for the company from $128.00 to $140.00 in a report on Thursday, April 3rd. 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. Robert W. Baird raised their price target on shares of TJX Companies from $138.00 to $140.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Finally, TD Securities raised their price target on shares of TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a report on Tuesday. One equities research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $137.11.

TJX Companies Trading Up 0.0%

TJX Companies stock traded up $0.05 during mid-day trading on Tuesday, hitting $135.08. The company's stock had a trading volume of 7,047,080 shares, compared to its average volume of 5,347,948. 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 stock has a market cap of $150.90 billion, a price-to-earnings ratio of 31.78, a price-to-earnings-growth ratio of 2.75 and a beta of 0.94. The business has a 50 day moving average price of $124.69 and a 200-day moving average price of $123.19. The TJX Companies, Inc. has a 12 month low of $97.53 and a 12 month high of $136.63.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.07. The business had revenue of $16.35 billion during 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, analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

The company also recently disclosed 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 represents a $1.70 annualized dividend and a dividend yield of 1.26%. This is an increase from TJX Companies's previous quarterly dividend of $0.38. The ex-dividend date is Thursday, May 15th. TJX Companies's dividend payout ratio is 39.91%.

Insider Activity

In related news, CEO Ernie Herrman sold 23,428 shares of the business's stock in a transaction dated 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 transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of the business's stock in a transaction dated 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. 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.