Cullen Frost Bankers Inc. Raises Stake in The TJX Companies, Inc. (NYSE:TJX)

Cullen Frost Bankers Inc. raised its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 143,737 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,422 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in TJX Companies were worth $17,365,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of TJX. Howard Capital Management Group LLC raised its position in shares of TJX Companies by 42.9% during the third quarter. Howard Capital Management Group LLC now owns 231,481 shares of the apparel and home fashions retailer’s stock valued at $27,208,000 after buying an additional 69,489 shares during the last quarter. Moloney Securities Asset Management LLC raised its position in shares of TJX Companies by 20.4% during the third quarter. Moloney Securities Asset Management LLC now owns 6,529 shares of the apparel and home fashions retailer’s stock valued at $767,000 after buying an additional 1,108 shares during the last quarter. Avidian Wealth Enterprises LLC raised its position in shares of TJX Companies by 2.9% during the third quarter. Avidian Wealth Enterprises LLC now owns 5,503 shares of the apparel and home fashions retailer’s stock valued at $647,000 after buying an additional 154 shares during the last quarter. Catalina Capital Group LLC raised its position in shares of TJX Companies by 3.5% during the third quarter. Catalina Capital Group LLC now owns 9,616 shares of the apparel and home fashions retailer’s stock valued at $1,130,000 after buying an additional 326 shares during the last quarter. Finally, Radnor Capital Management LLC bought a new stake in shares of TJX Companies during the third quarter valued at approximately $732,000. Institutional investors own 91.09% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Robert W. Baird lifted their price objective on shares of TJX Companies from $138.00 to $140.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Evercore ISI boosted their price target on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Jefferies Financial Group boosted their price target on shares of TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. UBS Group boosted their price target on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Finally, Barclays boosted their price target on shares of TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $135.06.

TJX Companies Stock Up 1.1 %

NYSE TJX opened at $123.08 on Thursday. 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 company has a fifty day moving average of $122.96 and a two-hundred day moving average of $120.27. The firm has a market capitalization of $138.36 billion, a price-to-earnings ratio of 28.96, a PEG ratio of 2.75 and a beta of 0.91. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $128.00.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.07. The firm had revenue of $16.35 billion during 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%. On average, analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio is currently 35.21%.

Insider Activity

In related news, Director Alan M. Bennett sold 8,000 shares of the company’s stock in a transaction dated 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 Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.13% of the company’s stock.

TJX Companies 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.