The TJX Companies, Inc. (NYSE:TJX) Shares Acquired by Park National Corp OH

Park National Corp OH increased its stake in The TJX Companies, Inc. (NYSE:TJX) by 7.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 262,080 shares of the apparel and home fashions retailer’s stock after purchasing an additional 17,337 shares during the quarter. Park National Corp OH’s holdings in TJX Companies were worth $26,580,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in TJX Companies by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 96,206,766 shares of the apparel and home fashions retailer’s stock worth $9,025,157,000 after purchasing an additional 1,071,078 shares during the period. Morgan Stanley lifted its holdings in TJX Companies by 1.5% in the third quarter. Morgan Stanley now owns 24,752,978 shares of the apparel and home fashions retailer’s stock worth $2,200,045,000 after purchasing an additional 371,163 shares during the period. Royal Bank of Canada lifted its holdings in TJX Companies by 7.9% in the fourth quarter. Royal Bank of Canada now owns 14,219,312 shares of the apparel and home fashions retailer’s stock worth $1,333,913,000 after purchasing an additional 1,046,148 shares during the period. Northern Trust Corp lifted its holdings in TJX Companies by 2.3% in the 3rd quarter. Northern Trust Corp now owns 13,734,141 shares of the apparel and home fashions retailer’s stock valued at $1,220,690,000 after acquiring an additional 313,530 shares during the last quarter. Finally, Norges Bank acquired a new stake in TJX Companies in the 4th quarter valued at about $1,193,438,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on TJX. Telsey Advisory Group upped their price target on shares of TJX Companies from $112.00 to $115.00 and gave the company an “outperform” rating in a report on Thursday, May 23rd. Barclays upped their price target on shares of TJX Companies from $109.00 to $114.00 and gave the company an “overweight” rating in a report on Thursday, May 23rd. BMO Capital Markets boosted their price objective on TJX Companies from $110.00 to $116.00 and gave the stock an “outperform” rating in a report on Monday, June 3rd. Robert W. Baird boosted their price objective on TJX Companies from $110.00 to $113.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. Finally, Evercore ISI set a $113.00 price objective on TJX Companies in a report on Tuesday, May 21st. Two analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $110.37.

TJX Companies Stock Performance

Shares of TJX traded up $0.24 during mid-day trading on Tuesday, hitting $110.46. The company’s stock had a trading volume of 1,435,288 shares, compared to its average volume of 5,470,547. The TJX Companies, Inc. has a one year low of $80.15 and a one year high of $110.58. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.61 and a current ratio of 1.23. The firm has a market capitalization of $124.84 billion, a PE ratio of 27.35, a price-to-earnings-growth ratio of 2.90 and a beta of 0.87. The stock’s 50-day moving average is $99.56 and its two-hundred day moving average is $96.97.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.06. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. The business had revenue of $12.48 billion during the quarter, compared to analyst estimates of $12.48 billion. During the same period in the prior year, the company posted $0.76 earnings per share. TJX Companies’s revenue was up 5.9% on a year-over-year basis. As a group, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.09 EPS for the current year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.50 annualized dividend and a yield of 1.36%. TJX Companies’s dividend payout ratio is currently 37.22%.

TJX Companies announced that its board has approved a share buyback program on Wednesday, February 28th that allows the company to buyback $2.50 billion in outstanding shares. This buyback authorization allows the apparel and home fashions retailer to reacquire up to 2.2% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other TJX Companies news, EVP Kenneth Canestrari sold 20,332 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $100.00, for a total transaction of $2,033,200.00. Following the completion of the transaction, the executive vice president now directly owns 110,893 shares in the company, valued at $11,089,300. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Kenneth Canestrari sold 20,332 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $100.00, for a total value of $2,033,200.00. Following the transaction, the executive vice president now owns 110,893 shares in the company, valued at $11,089,300. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $98.98, for a total value of $1,979,600.00. Following the transaction, the chief executive officer now owns 515,801 shares in the company, valued at approximately $51,053,982.98. The disclosure for this sale can be found here. Insiders sold 70,003 shares of company stock worth $7,040,541 over the last three months. 0.13% of the stock is currently owned by corporate 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.