Keystone Financial Group Grows Holdings in The TJX Companies, Inc. (NYSE:TJX)

Keystone Financial Group grew its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 193.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,465 shares of the apparel and home fashions retailer's stock after buying an additional 4,917 shares during the quarter. Keystone Financial Group's holdings in TJX Companies were worth $920,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Norges Bank purchased a new stake in shares of TJX Companies in the fourth quarter worth approximately $1,670,565,000. Raymond James Financial Inc. purchased a new stake in TJX Companies in the fourth quarter worth $570,342,000. DJE Kapital AG bought a new stake in shares of TJX Companies during the fourth quarter worth $140,068,000. Provident Trust Co. grew its holdings in shares of TJX Companies by 71.3% in the fourth quarter. Provident Trust Co. now owns 2,723,149 shares of the apparel and home fashions retailer's stock worth $328,984,000 after purchasing an additional 1,133,486 shares during the last quarter. Finally, Capital Wealth Planning LLC increased its stake in TJX Companies by 39.1% in the 4th quarter. Capital Wealth Planning LLC now owns 3,658,245 shares of the apparel and home fashions retailer's stock worth $441,953,000 after buying an additional 1,027,456 shares during the period. 91.09% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Alan M. Bennett sold 8,000 shares of the 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 document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ernie Herrman sold 23,428 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were 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 $59,569,772.67. This represents a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

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Analysts Set New Price Targets

A number of brokerages have commented on TJX. 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. Telsey Advisory Group restated an "outperform" rating and set a $145.00 price objective on shares of TJX Companies in a report on Thursday, February 27th. Barclays upped 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. Citigroup upgraded TJX Companies from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $128.00 to $140.00 in a report on Thursday, April 3rd. Finally, StockNews.com cut shares of TJX Companies from a "buy" rating to a "hold" rating in a report on Tuesday. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $135.76.

TJX Companies Stock Performance

TJX stock traded down $2.25 during trading on Tuesday, reaching $128.35. The company had a trading volume of 4,969,884 shares, compared to its average volume of 5,368,515. The company has a market cap of $143.38 billion, a price-to-earnings ratio of 30.20, a price-to-earnings-growth ratio of 2.75 and a beta of 0.86. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $131.37. 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 firm has a 50-day simple moving average of $121.65 and a 200-day simple moving average of $120.77.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, beating analysts' consensus estimates 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 net margin of 8.63% and a return on equity of 61.82%. As a group, sell-side 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 issued a dividend of $0.425 per share. This is an increase from TJX Companies's previous quarterly dividend of $0.38. The ex-dividend date is Thursday, May 15th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.32%. TJX Companies's payout ratio is 39.91%.

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.