Moody National Bank Trust Division Boosts Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Moody National Bank Trust Division grew its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,090 shares of the apparel and home fashions retailer’s stock after acquiring an additional 197 shares during the period. Moody National Bank Trust Division’s holdings in TJX Companies were worth $1,429,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Frazier Financial Advisors LLC purchased a new stake in shares of TJX Companies during the fourth quarter worth $27,000. Anchor Investment Management LLC purchased a new stake in shares of TJX Companies during the fourth quarter worth $28,000. BKM Wealth Management LLC purchased a new stake in shares of TJX Companies during the fourth quarter worth $30,000. Sachetta LLC purchased a new stake in shares of TJX Companies during the fourth quarter worth $38,000. Finally, BOK Financial Private Wealth Inc. purchased a new stake in shares of TJX Companies during the fourth quarter worth $40,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

NYSE TJX opened at $110.26 on Thursday. The company has a 50-day simple moving average of $100.11 and a two-hundred day simple moving average of $97.21. The company has a quick ratio of 0.61, a current ratio of 1.23 and a debt-to-equity ratio of 0.38. The TJX Companies, Inc. has a 12-month low of $80.15 and a 12-month high of $110.71. The firm has a market cap of $124.61 billion, a price-to-earnings ratio of 27.36, a PEG ratio of 2.95 and a beta of 0.87.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.06. TJX Companies had a net margin of 8.47% and a return on equity of 64.26%. The business had revenue of $12.48 billion during the quarter, compared to analyst estimates of $12.48 billion. During the same period in the prior year, the business posted $0.76 earnings per share. The company’s revenue was up 5.9% on a year-over-year basis. On average, equities analysts forecast that The TJX Companies, Inc. will post 4.09 EPS for the current year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, August 15th. This represents a $1.50 annualized dividend and a yield of 1.36%. TJX Companies’s payout ratio is 37.22%.

TJX Companies announced that its board has authorized a share buyback program on Wednesday, February 28th that permits the company to buyback $2.50 billion in shares. This buyback authorization permits the apparel and home fashions retailer to purchase up to 2.2% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research firms have issued reports on TJX. UBS Group increased their target price on TJX Companies from $132.00 to $134.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Sanford C. Bernstein upped their price target on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. Telsey Advisory Group upped their price target on shares of TJX Companies from $112.00 to $115.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. Robert W. Baird upped their price target on shares of TJX Companies from $110.00 to $113.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. Finally, Barclays upped their price target on shares of TJX Companies from $109.00 to $114.00 and gave the stock an “overweight” rating in a report on Thursday, May 23rd. Two equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, TJX Companies has a consensus rating of “Moderate Buy” and a consensus price target of $110.37.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, EVP Louise Greenlees sold 8,171 shares of the company’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $101.73, for a total transaction of $831,235.83. Following the completion of the sale, the executive vice president now directly owns 49,570 shares in the company, valued at $5,042,756.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, EVP Louise Greenlees sold 8,171 shares of the stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $101.73, for a total transaction of $831,235.83. Following the completion of the sale, the executive vice president now directly owns 49,570 shares in the company, valued at $5,042,756.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Kenneth Canestrari sold 20,332 shares of the stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $100.00, for a total transaction of $2,033,200.00. Following the sale, the executive vice president now owns 110,893 shares of the company’s stock, valued at $11,089,300. The disclosure for this sale can be found here. Insiders sold a total of 50,003 shares of company stock worth $5,060,941 over the last three months. Company insiders own 0.13% of the company’s stock.

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.