5,642 Shares in The TJX Companies, Inc. (NYSE:TJX) Acquired by Dohj LLC

Dohj LLC acquired a new position in The TJX Companies, Inc. (NYSE:TJX) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,642 shares of the apparel and home fashions retailer’s stock, valued at approximately $529,000.

Several other institutional investors also recently modified their holdings of TJX. Anchor Investment Management LLC bought a new position in shares of TJX Companies in the fourth quarter worth approximately $28,000. BKM Wealth Management LLC bought a new position in shares of TJX Companies in the fourth quarter worth approximately $30,000. Larson Financial Group LLC increased its position in shares of TJX Companies by 76.0% in the third quarter. Larson Financial Group LLC now owns 389 shares of the apparel and home fashions retailer’s stock worth $35,000 after purchasing an additional 168 shares during the last quarter. BOK Financial Private Wealth Inc. bought a new position in shares of TJX Companies in the fourth quarter worth approximately $40,000. Finally, Steward Financial Group LLC increased its position in shares of TJX Companies by 56.5% in the third quarter. Steward Financial Group LLC now owns 493 shares of the apparel and home fashions retailer’s stock worth $43,000 after purchasing an additional 178 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Trading Down 0.1 %

TJX stock traded down $0.06 on Friday, reaching $96.36. The company’s stock had a trading volume of 3,748,411 shares, compared to its average volume of 4,860,047. The business has a fifty day simple moving average of $97.33 and a two-hundred day simple moving average of $93.90. The TJX Companies, Inc. has a 12-month low of $75.65 and a 12-month high of $102.84. The firm has a market cap of $109.17 billion, a PE ratio of 24.96, a PEG ratio of 2.48 and a beta of 0.86. 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 announced its quarterly earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 EPS 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 during the quarter, compared to analyst estimates of $16.20 billion. During the same quarter last year, the firm posted $0.89 earnings per share. The firm’s revenue was up 13.0% on a year-over-year basis. As a group, research analysts forecast that The TJX Companies, Inc. will post 4.07 EPS for the current year.

TJX Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 16th will be paid a $0.375 dividend. This is a positive change from TJX Companies’s previous quarterly dividend of $0.33. The ex-dividend date is Wednesday, May 15th. This represents a $1.50 dividend on an annualized basis and a yield of 1.56%. TJX Companies’s dividend payout ratio (DPR) is presently 34.46%.

TJX Companies declared that its Board of Directors has approved a stock repurchase plan on Wednesday, February 28th that permits the company to buyback $2.50 billion in shares. This buyback authorization permits the apparel and home fashions retailer to reacquire up to 2.2% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

A number of brokerages have commented on TJX. BMO Capital Markets increased their price target on shares of TJX Companies from $95.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. UBS Group increased 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 reiterated an “outperform” rating and set a $105.00 price target on shares of TJX Companies in a research report on Wednesday, February 28th. The Goldman Sachs Group upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating and increased their price target for the company from $100.00 to $110.00 in a research report on Thursday. Finally, Redburn Atlantic cut shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price target on the stock. in a research report on Monday, February 5th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $102.65.

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 20,000 shares of the firm’s 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 completion of the sale, the chief executive officer now owns 515,801 shares of the company’s stock, valued at $51,053,982.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the firm’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 transaction, the chief executive officer now owns 515,801 shares of the company’s stock, valued at $51,053,982.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Louise Greenlees sold 2,694 shares of the firm’s 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 transaction, the executive vice president now directly owns 50,273 shares of the company’s stock, valued at approximately $4,968,480.59. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

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.