National Bank of Canada FI Has $112.94 Million Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

National Bank of Canada FI boosted its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 934,829 shares of the apparel and home fashions retailer's stock after purchasing an additional 21,035 shares during the period. National Bank of Canada FI owned about 0.08% of TJX Companies worth $112,944,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its holdings in shares of TJX Companies by 1.7% during the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,987 shares of the apparel and home fashions retailer's stock valued at $603,000 after buying an additional 84 shares during the last quarter. Nwam LLC raised its position in TJX Companies by 2.0% during the fourth quarter. Nwam LLC now owns 4,338 shares of the apparel and home fashions retailer's stock valued at $524,000 after acquiring an additional 84 shares in the last quarter. One Charles Private Wealth Services LLC lifted its stake in TJX Companies by 5.0% in the fourth quarter. One Charles Private Wealth Services LLC now owns 1,805 shares of the apparel and home fashions retailer's stock valued at $218,000 after acquiring an additional 86 shares during the last quarter. Hamilton Capital LLC grew its position in TJX Companies by 3.9% in the third quarter. Hamilton Capital LLC now owns 2,413 shares of the apparel and home fashions retailer's stock worth $273,000 after acquiring an additional 90 shares in the last quarter. Finally, Breakwater Capital Group increased its stake in shares of TJX Companies by 1.2% during the 4th quarter. Breakwater Capital Group now owns 7,696 shares of the apparel and home fashions retailer's stock worth $930,000 after purchasing an additional 91 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

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TJX Companies Stock Performance

Shares of NYSE:TJX traded up $0.39 on Thursday, hitting $125.32. 11,385,422 shares of the company were exchanged, compared to its average volume of 5,237,258. The company's 50 day moving average price is $121.65 and its two-hundred day moving average price is $120.31. The firm has a market capitalization of $140.88 billion, a price-to-earnings ratio of 29.49, a PEG ratio of 2.75 and a beta of 0.96. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The TJX Companies, Inc. has a one year low of $92.35 and a one year high of $128.00.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.07. The firm had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. Research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share 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 $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.36%. 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. TJX Companies's dividend payout ratio is presently 35.21%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TJX. Telsey Advisory Group reiterated an "outperform" rating and issued a $145.00 price objective on shares of TJX Companies in a report on Thursday, February 27th. StockNews.com upgraded TJX Companies from a "hold" rating to a "buy" rating in a research note on Thursday, March 27th. Morgan Stanley raised their price objective on TJX Companies from $130.00 to $135.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. Robert W. Baird upped their target price on TJX Companies from $138.00 to $140.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Finally, Citigroup raised shares of TJX Companies from a "neutral" rating to a "buy" rating and lifted their price target for the company from $128.00 to $140.00 in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $135.76.

Insiders Place Their Bets

In related news, 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 value of $988,240.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ernie Herrman sold 23,428 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total value of $2,882,346.84. Following the sale, the chief executive officer now directly owns 484,189 shares in the company, valued at approximately $59,569,772.67. This represents a 4.62 % decrease in their position. The disclosure for this sale can be found here. 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.