Silvercrest Asset Management Group LLC Boosts Holdings in The TJX Companies, Inc. (NYSE:TJX)

Silvercrest Asset Management Group LLC increased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 66,378 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,732 shares during the period. Silvercrest Asset Management Group LLC’s holdings in TJX Companies were worth $8,019,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in TJX. Vanguard Group Inc. grew its stake in shares of TJX Companies by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 99,314,635 shares of the apparel and home fashions retailer’s stock worth $11,998,201,000 after acquiring an additional 578,948 shares in the last quarter. Geode Capital Management LLC boosted its holdings in TJX Companies by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 24,322,579 shares of the apparel and home fashions retailer’s stock valued at $2,930,965,000 after purchasing an additional 464,995 shares during the period. Capital International Investors grew its stake in TJX Companies by 4.5% during the 4th quarter. Capital International Investors now owns 14,647,792 shares of the apparel and home fashions retailer’s stock worth $1,769,600,000 after purchasing an additional 626,739 shares in the last quarter. Northern Trust Corp increased its holdings in TJX Companies by 15.2% during the 4th quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer’s stock worth $1,689,628,000 after purchasing an additional 1,845,225 shares during the period. Finally, Norges Bank purchased a new stake in TJX Companies during the 4th quarter worth about $1,670,565,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total value of $2,882,346.84. Following the transaction, the chief executive officer now directly owns 484,189 shares of the company’s stock, valued at $59,569,772.67. The trade was a 4.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Alan M. Bennett sold 8,000 shares of the company’s stock in a transaction 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. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on TJX shares. Wells Fargo & Company lifted their price objective on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 14th. Barclays raised their target price on shares of TJX Companies from $136.00 to $137.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. Telsey Advisory Group reiterated an “outperform” rating and set 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 increased their price objective for the company from $128.00 to $140.00 in a research report on Thursday, April 3rd. Finally, Robert W. Baird lifted their price objective on shares of TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. One analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $137.25.

TJX Companies Price Performance

Shares of TJX opened at $133.37 on Monday. The TJX Companies, Inc. has a 1-year low of $97.53 and a 1-year high of $133.90. The stock has a market cap of $148.98 billion, a PE ratio of 31.38, a price-to-earnings-growth ratio of 2.75 and a beta of 0.94. 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 firm has a fifty day moving average price of $124.30 and a 200 day moving average price of $123.03.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $16.35 billion for the quarter, compared to analysts’ expectations of $16.24 billion. As a group, sell-side analysts anticipate 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. Shareholders of record on Thursday, May 15th will be paid a $0.425 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.70 dividend on an annualized basis and a yield of 1.27%. This is a boost from TJX Companies’s previous quarterly dividend of $0.38. TJX Companies’s payout ratio is currently 39.91%.

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.