Commerce Bank Has $13.30 Million Holdings in The TJX Companies, Inc. (NYSE:TJX)

Commerce Bank raised its position in The TJX Companies, Inc. (NYSE:TJX) by 0.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 110,113 shares of the apparel and home fashions retailer’s stock after purchasing an additional 173 shares during the quarter. Commerce Bank’s holdings in TJX Companies were worth $13,303,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Bogart Wealth LLC acquired a new stake in TJX Companies in the 4th quarter valued at approximately $25,000. Trivant Custom Portfolio Group LLC acquired a new stake in shares of TJX Companies in the fourth quarter valued at approximately $26,000. SOA Wealth Advisors LLC. bought a new stake in shares of TJX Companies in the fourth quarter worth $30,000. Millstone Evans Group LLC acquired a new position in TJX Companies during the fourth quarter worth $30,000. Finally, Promus Capital LLC bought a new position in TJX Companies in the fourth quarter valued at $32,000. 91.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TJX has been the topic of several analyst reports. StockNews.com cut shares of TJX Companies from a “buy” rating to a “hold” rating in a research report on Tuesday. Barclays increased their price target on TJX Companies from $136.00 to $137.00 and gave the company an “overweight” rating in a research report on Thursday, February 27th. BMO Capital Markets boosted their price target on TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Telsey Advisory Group reissued an “outperform” rating and issued a $145.00 price objective on shares of TJX Companies in a report on Thursday, February 27th. Finally, Morgan Stanley boosted their target price on shares of TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Two analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $135.76.

TJX Companies Price Performance

TJX Companies stock opened at $127.51 on Friday. The company has a market capitalization of $142.44 billion, a price-to-earnings ratio of 30.00, a PEG ratio of 2.75 and a beta of 0.86. The stock’s 50 day moving average is $121.84 and its 200-day moving average is $121.01. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $131.30.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data 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. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm had revenue of $16.35 billion for the quarter, compared to analysts’ expectations of $16.24 billion. Equities research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be paid a $0.425 dividend. 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 1.33%. The ex-dividend date is Thursday, May 15th. TJX Companies’s payout ratio is 39.91%.

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 23,428 shares of the 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 sale, the chief executive officer now owns 484,189 shares in the company, valued at approximately $59,569,772.67. This trade represents a 4.62 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Alan M. Bennett sold 8,000 shares of the business’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. 0.13% of the stock is currently owned by company insiders.

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.