Cullen Frost Bankers Inc. Sells 2,539 Shares of The TJX Companies, Inc. (NYSE:TJX)

Cullen Frost Bankers Inc. decreased its position in The TJX Companies, Inc. (NYSE:TJX) by 1.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 157,571 shares of the apparel and home fashions retailer’s stock after selling 2,539 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in TJX Companies were worth $14,782,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Anchor Investment Management LLC purchased a new position in TJX Companies during the 4th quarter valued at $28,000. BKM Wealth Management LLC purchased a new position in TJX Companies during the 4th quarter valued at $30,000. Larson Financial Group LLC boosted its holdings in TJX Companies by 76.0% during the 3rd quarter. Larson Financial Group LLC now owns 389 shares of the apparel and home fashions retailer’s stock valued at $35,000 after acquiring an additional 168 shares during the period. BOK Financial Private Wealth Inc. purchased a new position in TJX Companies during the 4th quarter valued at $40,000. Finally, Gradient Investments LLC lifted its holdings in shares of TJX Companies by 86.7% in the 4th quarter. Gradient Investments LLC now owns 478 shares of the apparel and home fashions retailer’s stock worth $45,000 after buying an additional 222 shares during the period. Institutional investors own 91.09% of the company’s stock.

Insiders Place Their Bets

In other TJX Companies news, EVP Louise Greenlees sold 2,694 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $98.83, for a total transaction of $266,248.02. Following the transaction, the executive vice president now owns 50,273 shares in the company, valued at $4,968,480.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction that occurred on 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 $51,053,982.98. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Louise Greenlees sold 2,694 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $98.83, for a total value of $266,248.02. Following the completion of the transaction, the executive vice president now owns 50,273 shares in the company, valued at approximately $4,968,480.59. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

TJX Companies Stock Performance

Shares of TJX traded up $0.58 during mid-day trading on Wednesday, reaching $98.50. The company had a trading volume of 4,395,622 shares, compared to its average volume of 5,084,401. The TJX Companies, Inc. has a 52-week low of $75.65 and a 52-week high of $102.84. The company has a quick ratio of 0.64, a current ratio of 1.21 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $111.60 billion, a P/E ratio of 25.52, a PEG ratio of 2.49 and a beta of 0.87. The stock has a 50 day moving average of $96.86 and a two-hundred day moving average of $94.23.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.10. The firm had revenue of $16.41 billion for the quarter, compared to the consensus estimate of $16.20 billion. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. The company’s revenue was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.89 earnings per share. On average, analysts expect that The TJX Companies, Inc. will post 4.1 earnings per share for the current year.

TJX Companies declared that its board has authorized a stock repurchase plan on Wednesday, February 28th that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the apparel and home fashions retailer to buy up to 2.2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

TJX Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 16th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.50 dividend on an annualized basis and a yield of 1.52%. This is an increase from TJX Companies’s previous quarterly dividend of $0.33. TJX Companies’s dividend payout ratio is currently 34.46%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Redburn Atlantic lowered TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 target price on the stock. in a research report on Monday, February 5th. The Goldman Sachs Group raised TJX Companies from a “neutral” rating to a “buy” rating and increased their price objective for the company from $100.00 to $110.00 in a report on Thursday, April 25th. Telsey Advisory Group reissued an “outperform” rating and issued a $105.00 price objective on shares of TJX Companies in a report on Wednesday, February 28th. UBS Group raised TJX Companies from a “neutral” rating to a “buy” rating and increased their price objective for the company from $104.00 to $132.00 in a report on Thursday, May 2nd. Finally, BMO Capital Markets increased their price objective on TJX Companies from $95.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, February 29th. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $104.29.

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.