Crossmark Global Holdings Inc. Increases Position in The TJX Companies, Inc. (NYSE:TJX)

Crossmark Global Holdings Inc. increased its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 130.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 259,439 shares of the apparel and home fashions retailer’s stock after purchasing an additional 146,658 shares during the quarter. TJX Companies makes up 0.6% of Crossmark Global Holdings Inc.’s holdings, making the stock its 28th largest position. Crossmark Global Holdings Inc.’s holdings in TJX Companies were worth $31,343,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TJX. Ballentine Partners LLC increased its holdings in TJX Companies by 3.1% in the 4th quarter. Ballentine Partners LLC now owns 30,210 shares of the apparel and home fashions retailer’s stock worth $3,650,000 after buying an additional 914 shares during the period. Pure Financial Advisors LLC boosted its holdings in shares of TJX Companies by 5.2% in the 4th quarter. Pure Financial Advisors LLC now owns 7,592 shares of the apparel and home fashions retailer’s stock valued at $917,000 after acquiring an additional 372 shares during the last quarter. Central Bank & Trust Co. increased its stake in shares of TJX Companies by 9.1% in the fourth quarter. Central Bank & Trust Co. now owns 18,755 shares of the apparel and home fashions retailer’s stock worth $2,266,000 after acquiring an additional 1,569 shares during the period. Cove Private Wealth LLC purchased a new position in shares of TJX Companies during the fourth quarter worth $615,000. Finally, MassMutual Private Wealth & Trust FSB lifted its position in TJX Companies by 69.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 10,963 shares of the apparel and home fashions retailer’s stock valued at $1,324,000 after purchasing an additional 4,486 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TJX. Deutsche Bank Aktiengesellschaft lifted their price objective on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. UBS Group lifted their price objective on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a report on Friday, January 10th. Evercore ISI increased their target price on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Jefferies Financial Group lifted their price target on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $131.33.

TJX Companies Price Performance

TJX opened at $121.89 on Tuesday. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00. The company has a 50 day moving average of $122.56 and a two-hundred day moving average of $117.56. 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 market cap of $137.03 billion, a P/E ratio of 28.68, a P/E/G ratio of 2.98 and a beta of 0.91.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, topping the consensus estimate of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.95 billion. During the same quarter last year, the company posted $1.03 earnings per share. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Thursday, February 13th. TJX Companies’s payout ratio is 35.29%.

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.