Cullen Frost Bankers Inc. Purchases 1,422 Shares of The TJX Companies, Inc. (NYSE:TJX)

Cullen Frost Bankers Inc. boosted its position in The TJX Companies, Inc. (NYSE:TJX) by 1.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 143,737 shares of the apparel and home fashions retailer’s stock after acquiring an additional 1,422 shares during the period. Cullen Frost Bankers Inc.’s holdings in TJX Companies were worth $17,365,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Bogart Wealth LLC bought a new position in TJX Companies in the fourth quarter worth about $25,000. Trivant Custom Portfolio Group LLC acquired a new position in shares of TJX Companies during the fourth quarter valued at about $26,000. Capital Performance Advisors LLP acquired a new position in shares of TJX Companies during the third quarter valued at about $29,000. Legacy Investment Solutions LLC acquired a new position in shares of TJX Companies during the third quarter valued at about $30,000. Finally, Truvestments Capital LLC acquired a new position in shares of TJX Companies during the third quarter valued at about $29,000. 91.09% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total transaction of $988,240.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

TJX has been the topic of several recent analyst reports. Jefferies Financial Group upped their price objective on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, November 21st. TD Cowen upped their price objective on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 22nd. BMO Capital Markets upped their price objective on shares of TJX Companies from $133.00 to $145.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Finally, Guggenheim increased their price target on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $135.06.

TJX Companies Trading Up 1.1 %

TJX Companies stock opened at $123.08 on Thursday. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00. The stock’s 50 day simple moving average is $122.96 and its two-hundred day simple moving average is $120.27. The firm has a market cap of $138.36 billion, a PE ratio of 28.96, a P/E/G ratio of 2.75 and a beta of 0.91.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS 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 business had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. Analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

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

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.