The TJX Companies, Inc. (NYSE:TJX) Shares Bought by Donaldson Capital Management LLC

Donaldson Capital Management LLC grew its stake in The TJX Companies, Inc. (NYSE:TJX) by 2.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,464 shares of the apparel and home fashions retailer’s stock after purchasing an additional 156 shares during the period. Donaldson Capital Management LLC’s holdings in TJX Companies were worth $554,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Frazier Financial Advisors LLC acquired a new position in TJX Companies during the 4th quarter worth approximately $27,000. Anchor Investment Management LLC acquired a new position in TJX Companies during the fourth quarter worth $28,000. BKM Wealth Management LLC purchased a new position in TJX Companies in the fourth quarter worth $30,000. AlphaMark Advisors LLC lifted its holdings in TJX Companies by 58.4% in the first quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer’s stock valued at $34,000 after acquiring an additional 122 shares during the period. Finally, Register Financial Advisors LLC acquired a new stake in TJX Companies in the first quarter valued at $37,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Trading Down 0.1 %

TJX stock traded down $0.06 during midday trading on Friday, hitting $96.36. The stock had a trading volume of 3,748,411 shares, compared to its average volume of 4,860,047. The company’s 50-day moving average price is $97.33 and its 200 day moving average price is $93.87. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.21 and a quick ratio of 0.64. The firm has a market cap of $109.17 billion, a PE ratio of 24.96, a price-to-earnings-growth ratio of 2.48 and a beta of 0.86. The TJX Companies, Inc. has a 12-month low of $75.65 and a 12-month high of $102.84.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.10. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. The business had revenue of $16.41 billion during the quarter, compared to the consensus estimate of $16.20 billion. During the same quarter in the previous year, the business earned $0.89 earnings per share. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. On average, equities research analysts predict that The TJX Companies, Inc. will post 4.07 earnings per share for the current fiscal year.

TJX Companies announced that its Board of Directors has authorized a share repurchase program on Wednesday, February 28th that allows the company to buyback $2.50 billion in shares. This buyback authorization allows the apparel and home fashions retailer to repurchase up to 2.2% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

TJX Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 16th will be given a $0.375 dividend. The ex-dividend date is Wednesday, May 15th. This is a boost from TJX Companies’s previous quarterly dividend of $0.33. This represents a $1.50 annualized dividend and a dividend yield of 1.56%. TJX Companies’s dividend payout ratio (DPR) is currently 38.86%.

Insider Activity at TJX Companies

In other news, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $98.98, for a total transaction of $1,979,600.00. Following the completion of the sale, the chief executive officer now directly owns 515,801 shares in the company, valued at approximately $51,053,982.98. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, EVP Louise Greenlees sold 2,694 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $98.83, for a total transaction of $266,248.02. Following the completion of the sale, the executive vice president now owns 50,273 shares of the company’s stock, valued at approximately $4,968,480.59. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Ernie Herrman sold 20,000 shares of TJX Companies stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $98.98, for a total transaction of $1,979,600.00. Following the transaction, the chief executive officer now directly owns 515,801 shares in the company, valued at $51,053,982.98. The disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

Analysts Set New Price Targets

TJX has been the subject of a number of research analyst reports. Redburn Atlantic downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price target for the company. in a report on Monday, February 5th. UBS Group lifted their price target on shares of TJX Companies from $95.00 to $104.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. Telsey Advisory Group restated an “outperform” rating and issued a $105.00 price target on shares of TJX Companies in a report on Wednesday, February 28th. BMO Capital Markets lifted their price objective on TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. Finally, The Goldman Sachs Group upgraded TJX Companies from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $100.00 to $110.00 in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.65.

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.