1,660 Shares in The TJX Companies, Inc. (NYSE:TJX) Bought by Cercano Management LLC

Cercano Management LLC purchased a new stake in The TJX Companies, Inc. (NYSE:TJX) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,660 shares of the apparel and home fashions retailer’s stock, valued at approximately $201,000.

Several other large investors also recently bought and sold shares of the stock. Principal Financial Group Inc. increased its position in TJX Companies by 3.6% during the third quarter. Principal Financial Group Inc. now owns 1,964,220 shares of the apparel and home fashions retailer’s stock worth $230,874,000 after buying an additional 69,064 shares during the period. Nordea Investment Management AB increased its holdings in shares of TJX Companies by 13.3% in the 4th quarter. Nordea Investment Management AB now owns 7,031,237 shares of the apparel and home fashions retailer’s stock valued at $850,428,000 after acquiring an additional 827,103 shares during the period. CWA Asset Management Group LLC raised its position in TJX Companies by 7.3% in the 4th quarter. CWA Asset Management Group LLC now owns 3,774 shares of the apparel and home fashions retailer’s stock valued at $456,000 after purchasing an additional 258 shares during the last quarter. Iowa State Bank boosted its stake in TJX Companies by 1.7% during the 4th quarter. Iowa State Bank now owns 16,440 shares of the apparel and home fashions retailer’s stock worth $1,986,000 after purchasing an additional 279 shares during the period. Finally, Canandaigua National Trust Co of Florida increased its stake in TJX Companies by 24.8% in the fourth quarter. Canandaigua National Trust Co of Florida now owns 5,994 shares of the apparel and home fashions retailer’s stock valued at $724,000 after purchasing an additional 1,192 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on TJX shares. Robert W. Baird boosted their target price on TJX Companies from $138.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Citigroup raised shares of 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 research note on Thursday, April 3rd. BMO Capital Markets raised their target price on shares of TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Barclays boosted their price target on shares of TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a research note on Thursday, February 27th. Finally, UBS Group raised their price objective on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $137.06.

TJX Companies Trading Down 0.2 %

Shares of TJX stock opened at $128.95 on Tuesday. The stock has a market cap of $144.04 billion, a P/E ratio of 30.34, a P/E/G ratio of 2.75 and a beta of 0.94. 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 TJX Companies, Inc. has a fifty-two week low of $95.38 and a fifty-two week high of $131.30. The business has a fifty day simple moving average of $122.62 and a 200-day simple moving average of $122.01.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.07. The firm 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%. On average, analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The business 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 dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date is Thursday, May 15th. This is a boost from TJX Companies’s previous quarterly dividend of $0.38. TJX Companies’s dividend payout ratio is 39.91%.

Insiders Place Their Bets

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of the firm’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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction dated 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 sale, the chief executive officer now owns 484,189 shares of the company’s stock, valued at approximately $59,569,772.67. This trade represents a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company 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.