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

Donaldson Capital Management LLC raised its holdings in The TJX Companies, Inc. (NYSE:TJX) by 28.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,308 shares of the apparel and home fashions retailer’s stock after buying an additional 1,184 shares during the period. Donaldson Capital Management LLC’s holdings in TJX Companies were worth $498,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. ICA Group Wealth Management LLC purchased a new position in shares of TJX Companies during the fourth quarter worth about $27,000. Anchor Investment Management LLC purchased a new position in shares of TJX Companies during the fourth quarter worth about $28,000. Householder Group Estate & Retirement Specialist LLC purchased a new position in shares of TJX Companies during the third quarter worth about $29,000. BKM Wealth Management LLC purchased a new position in shares of TJX Companies during the fourth quarter worth about $30,000. Finally, Cornerstone Planning Group LLC purchased a new position in shares of TJX Companies during the second quarter worth about $33,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on TJX shares. UBS Group boosted their target price on TJX Companies from $95.00 to $104.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Redburn Atlantic cut TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 target price on the stock. in a research report on Monday, February 5th. Telsey Advisory Group reiterated an “outperform” rating and set a $105.00 target price on shares of TJX Companies in a research report on Wednesday, February 28th. Finally, BMO Capital Markets boosted their target price on TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $102.19.

TJX Companies Price Performance

TJX stock traded up $0.46 on Tuesday, reaching $93.44. The company had a trading volume of 652,993 shares, compared to its average volume of 5,001,163. The TJX Companies, Inc. has a 1 year low of $75.65 and a 1 year high of $102.84. The company has a market cap of $105.86 billion, a P/E ratio of 24.09, a PEG ratio of 2.43 and a beta of 0.86. The company’s fifty day moving average is $97.97 and its 200 day moving average is $93.57. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.64 and a current ratio of 1.21.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, topping 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 company had revenue of $16.41 billion for the quarter, compared to analyst estimates of $16.20 billion. During the same quarter in the prior year, the company posted $0.89 EPS. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. On average, research analysts forecast that The TJX Companies, Inc. will post 4.07 earnings per share for the current year.

TJX Companies announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 28th that authorizes the company to repurchase $2.50 billion in shares. This repurchase authorization authorizes the apparel and home fashions retailer to repurchase up to 2.2% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

TJX Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 16th 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 1.61%. The ex-dividend date of this dividend is Wednesday, May 15th. This is a positive change from TJX Companies’s previous quarterly dividend of $0.33. TJX Companies’s dividend payout ratio is currently 34.46%.

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.