Nicolet Advisory Services LLC Increases Holdings in The TJX Companies, Inc. (NYSE:TJX)

Nicolet Advisory Services LLC grew its holdings in The TJX Companies, Inc. (NYSE:TJX) by 2.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 25,880 shares of the apparel and home fashions retailer’s stock after acquiring an additional 721 shares during the period. Nicolet Advisory Services LLC’s holdings in TJX Companies were worth $3,107,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Biltmore Family Office LLC boosted its holdings in TJX Companies by 13.9% in the fourth quarter. Biltmore Family Office LLC now owns 2,179 shares of the apparel and home fashions retailer’s stock worth $263,000 after acquiring an additional 266 shares in the last quarter. OneAscent Financial Services LLC grew its stake in shares of TJX Companies by 28.6% during the 4th quarter. OneAscent Financial Services LLC now owns 3,408 shares of the apparel and home fashions retailer’s stock valued at $412,000 after acquiring an additional 758 shares during the period. Cinctive Capital Management LP raised its position in shares of TJX Companies by 0.6% during the 4th quarter. Cinctive Capital Management LP now owns 68,673 shares of the apparel and home fashions retailer’s stock valued at $8,296,000 after purchasing an additional 397 shares during the period. Bryce Point Capital LLC purchased a new position in shares of TJX Companies in the fourth quarter valued at about $543,000. Finally, Huntington National Bank boosted its stake in TJX Companies by 3.4% in the 4th quarter. Huntington National Bank now owns 553,959 shares of the apparel and home fashions retailer’s stock worth $66,924,000 after purchasing an additional 18,154 shares during the period. Institutional investors own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on TJX shares. Barclays lifted their target price on TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a report on Thursday, March 27th. UBS Group upped their target price on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Robert W. Baird boosted their price target on shares of TJX Companies from $138.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Finally, Jefferies Financial Group raised their price objective on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Two investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $135.06.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 484,189 shares of the company’s stock, valued at $59,569,772.67. This trade represents a 4.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Alan M. Bennett sold 8,000 shares of the business’s stock in a transaction on Thursday, February 27th. The stock was 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 owned by corporate insiders.

TJX Companies Price Performance

Shares of TJX opened at $124.99 on Thursday. The firm has a 50-day simple moving average of $121.65 and a two-hundred day simple moving average of $120.31. The stock has a market cap of $140.51 billion, a PE ratio of 29.41, a P/E/G ratio of 2.75 and a beta of 0.96. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.07. The firm had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. As a group, analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be paid a dividend of $0.425 per share. This is a positive change from TJX Companies’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.70 annualized dividend and a yield of 1.36%. TJX Companies’s dividend payout ratio is presently 35.21%.

TJX Companies Company 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.