Commerzbank Aktiengesellschaft FI Purchases 2,222 Shares of The TJX Companies, Inc. (NYSE:TJX)

Commerzbank Aktiengesellschaft FI boosted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 51.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,516 shares of the apparel and home fashions retailer’s stock after purchasing an additional 2,222 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in TJX Companies were worth $790,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Bogart Wealth LLC bought a new position in TJX Companies during the 4th quarter valued at about $25,000. Trivant Custom Portfolio Group LLC bought a new position in TJX Companies during the 4th quarter valued at about $26,000. Capital Performance Advisors LLP bought a new position in TJX Companies during the 3rd quarter valued at about $29,000. Truvestments Capital LLC bought a new position in TJX Companies during the 3rd quarter valued at about $29,000. Finally, Legacy Investment Solutions LLC bought a new position in TJX Companies during the 3rd quarter valued at about $30,000. 91.09% of the stock is owned by institutional investors.

TJX Companies Stock Down 1.6 %

Shares of NYSE TJX opened at $121.60 on Wednesday. The stock has a market cap of $136.70 billion, a P/E ratio of 28.61, a P/E/G ratio of 2.75 and a beta of 0.91. The firm has a 50 day moving average price of $122.97 and a 200 day moving average price of $120.25. 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 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 quarterly earnings data 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 analysts’ expectations of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. Analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The company also recently disclosed 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 of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio is currently 35.21%.

Insider Activity at TJX Companies

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

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Wells Fargo & Company raised their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Telsey Advisory Group restated an “outperform” rating and issued a $145.00 price objective on shares of TJX Companies in a research report on Thursday, February 27th. Robert W. Baird raised 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. Finally, StockNews.com cut shares of TJX Companies from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $135.06.

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.