Northwest Bank & Trust Co Takes $1.14 Million Position in The TJX Companies, Inc. (NYSE:TJX)

Northwest Bank & Trust Co purchased a new position in shares of The TJX Companies, Inc. (NYSE:TJX) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 12,149 shares of the apparel and home fashions retailer’s stock, valued at approximately $1,140,000. TJX Companies comprises approximately 1.0% of Northwest Bank & Trust Co’s portfolio, making the stock its 25th largest position.

A number of other large investors have also bought and sold shares of TJX. Frazier Financial Advisors LLC bought a new stake in TJX Companies during the 4th quarter worth approximately $27,000. Anchor Investment Management LLC bought a new position in TJX Companies in the 4th quarter valued at $28,000. BKM Wealth Management LLC bought a new position in TJX Companies in the 4th quarter valued at $30,000. Sachetta LLC bought a new position in TJX Companies in the 4th quarter valued at $38,000. Finally, BOK Financial Private Wealth Inc. bought a new position in TJX Companies in the 4th quarter valued at $40,000. 91.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TJX has been the topic of a number of recent research reports. BMO Capital Markets increased their price objective on TJX Companies from $110.00 to $116.00 and gave the company an “outperform” rating in a research report on Monday, June 3rd. TD Cowen increased their price objective on TJX Companies from $119.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Sanford C. Bernstein increased their price objective on TJX Companies from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. Telsey Advisory Group increased their price objective on TJX Companies from $112.00 to $115.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. Finally, Barclays increased their price target on TJX Companies from $109.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday, May 23rd. Two research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $110.37.

TJX Companies Trading Up 0.2 %

TJX Companies stock traded up $0.24 during mid-day trading on Friday, hitting $108.50. 3,698,667 shares of the company’s stock were exchanged, compared to its average volume of 7,447,975. The firm has a market capitalization of $122.62 billion, a P/E ratio of 26.92, a PEG ratio of 2.90 and a beta of 0.87. The TJX Companies, Inc. has a fifty-two week low of $79.86 and a fifty-two week high of $108.82. The company has a quick ratio of 0.61, a current ratio of 1.23 and a debt-to-equity ratio of 0.38. The company’s 50 day simple moving average is $99.28 and its 200-day simple moving average is $96.75.

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

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Thursday, August 15th. TJX Companies’s dividend payout ratio (DPR) is presently 37.22%.

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

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $102.17, for a total transaction of $2,043,400.00. Following the completion of the transaction, the chief executive officer now owns 571,148 shares in the company, valued at approximately $58,354,191.16. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, EVP Louise Greenlees sold 8,171 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $101.73, for a total value of $831,235.83. Following the completion of the transaction, the executive vice president now owns 49,570 shares in the company, valued at approximately $5,042,756.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $102.17, for a total value of $2,043,400.00. Following the completion of the transaction, the chief executive officer now owns 571,148 shares of the company’s stock, valued at approximately $58,354,191.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 70,003 shares of company stock worth $7,040,541. Corporate insiders own 0.13% of the company’s stock.

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.