Huntington National Bank Buys 18,154 Shares of The TJX Companies, Inc. (NYSE:TJX)

Huntington National Bank boosted its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 553,959 shares of the apparel and home fashions retailer's stock after buying an additional 18,154 shares during the quarter. Huntington National Bank's holdings in TJX Companies were worth $66,924,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Congress Asset Management Co. lifted its position in shares of TJX Companies by 1.1% during the 4th quarter. Congress Asset Management Co. now owns 1,228,840 shares of the apparel and home fashions retailer's stock valued at $148,456,000 after buying an additional 13,036 shares during the last quarter. Atlas Legacy Advisors LLC bought a new stake in TJX Companies in the 4th quarter valued at about $433,000. BLB&B Advisors LLC raised its stake in TJX Companies by 2.8% in the 4th quarter. BLB&B Advisors LLC now owns 81,079 shares of the apparel and home fashions retailer's stock valued at $9,795,000 after acquiring an additional 2,201 shares during the period. Empowered Funds LLC lifted its holdings in TJX Companies by 12.1% during the fourth quarter. Empowered Funds LLC now owns 34,186 shares of the apparel and home fashions retailer's stock valued at $4,130,000 after purchasing an additional 3,691 shares during the last quarter. Finally, Boyd Watterson Asset Management LLC OH bought a new position in TJX Companies during the fourth quarter worth about $604,000. Hedge funds and other institutional investors own 91.09% of the company's stock.

TJX Companies Trading Up 0.3 %

Shares of NYSE TJX traded up $0.39 during midday trading on Thursday, reaching $125.32. The company had a trading volume of 11,385,422 shares, compared to its average volume of 5,237,262. The firm's fifty day moving average price is $121.65 and its 200-day moving average price is $120.31. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a one year low of $92.35 and a one year high of $128.00. The stock has a market cap of $140.88 billion, a PE ratio of 29.49, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96.

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TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, beating analysts' consensus estimates of $1.16 by $0.07. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company had revenue of $16.35 billion during the quarter, compared to analyst estimates of $16.24 billion. On average, equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Increases Dividend

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

Analysts Set New Price Targets

A number of analysts recently commented on TJX shares. UBS Group upped their price target on shares of TJX Companies from $148.00 to $151.00 and gave the company a "buy" rating in a research note on Friday, January 10th. StockNews.com upgraded TJX Companies from a "hold" rating to a "buy" rating in a research report on Thursday, March 27th. Barclays raised their price target on TJX Companies from $136.00 to $137.00 and gave the stock an "overweight" rating in a report on Thursday, February 27th. Robert W. Baird boosted their price objective on TJX Companies from $138.00 to $140.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Finally, BMO Capital Markets increased their price objective on TJX Companies from $133.00 to $145.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $135.76.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the transaction, the chief executive officer now owns 484,189 shares in the company, valued at approximately $59,569,772.67. This represents a 4.62 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alan M. Bennett sold 8,000 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total value of $988,240.00. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

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.