PNC Financial Services Group Inc. Increases Holdings in The TJX Companies, Inc. (NYSE:TJX)

PNC Financial Services Group Inc. boosted its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,788,966 shares of the apparel and home fashions retailer's stock after purchasing an additional 21,262 shares during the period. PNC Financial Services Group Inc. owned about 0.16% of TJX Companies worth $216,125,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Bank Julius Baer & Co. Ltd Zurich lifted its position in TJX Companies by 7.4% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 7,249 shares of the apparel and home fashions retailer's stock valued at $966,000 after purchasing an additional 501 shares in the last quarter. Machina Capital S.A.S. lifted its position in TJX Companies by 98.1% during the fourth quarter. Machina Capital S.A.S. now owns 16,199 shares of the apparel and home fashions retailer's stock valued at $1,957,000 after purchasing an additional 8,020 shares in the last quarter. Mesirow Financial Investment Management Inc. lifted its position in shares of TJX Companies by 0.4% in the fourth quarter. Mesirow Financial Investment Management Inc. now owns 29,217 shares of the apparel and home fashions retailer's stock valued at $3,529,000 after acquiring an additional 127 shares in the last quarter. Value Star Asset Management Hong Kong Ltd purchased a new position in shares of TJX Companies in the fourth quarter valued at about $1,208,000. Finally, EFG Asset Management Americas Corp. lifted its position in shares of TJX Companies by 5.1% in the fourth quarter. EFG Asset Management Americas Corp. now owns 16,548 shares of the apparel and home fashions retailer's stock valued at $1,999,000 after acquiring an additional 805 shares in the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Several brokerages have recently commented on TJX. Barclays boosted their price objective on TJX Companies from $136.00 to $137.00 and gave the company an "overweight" rating in a research report on Thursday, February 27th. Telsey Advisory Group restated an "outperform" rating and issued a $145.00 price objective on shares of TJX Companies in a research report on Thursday, February 27th. StockNews.com downgraded TJX Companies from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. Deutsche Bank Aktiengesellschaft boosted their price objective on TJX Companies from $130.00 to $131.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Finally, Evercore ISI boosted their price objective on TJX Companies from $138.00 to $142.00 and gave the company an "outperform" rating in a research report on Thursday, November 21st. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $135.06.

Insiders Place Their Bets

In other 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 of the company's stock, valued at approximately $59,569,772.67. This represents a 4.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Alan M. Bennett sold 8,000 shares of the company'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.

TJX Companies Trading Down 1.2 %

NYSE TJX traded down $1.47 during trading hours on Friday, hitting $119.18. 6,230,022 shares of the company were exchanged, compared to its average volume of 4,864,261. The stock has a 50-day moving average price of $122.77 and a 200 day moving average price of $120.36. 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 52 week low of $92.35 and a 52 week high of $128.00. The stock has a market cap of $133.98 billion, a PE ratio of 28.04, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company had revenue of $16.35 billion for the quarter, compared to analysts' expectations of $16.24 billion. Analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th were paid a dividend of $0.375 per share. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.50 annualized dividend and a yield of 1.26%. TJX Companies's payout ratio is currently 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.