Donaldson Capital Management LLC Acquires 1,184 Shares of The TJX Companies, Inc. (NYSE:TJX)

Donaldson Capital Management LLC raised its position in The TJX Companies, Inc. (NYSE:TJX) by 28.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,308 shares of the apparel and home fashions retailer’s stock after buying an additional 1,184 shares during the quarter. Donaldson Capital Management LLC’s holdings in TJX Companies were worth $498,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. ICA Group Wealth Management LLC bought a new stake in shares of TJX Companies during the 4th quarter valued at approximately $27,000. Anchor Investment Management LLC bought a new stake in shares of TJX Companies during the 4th quarter valued at approximately $28,000. Householder Group Estate & Retirement Specialist LLC bought a new stake in shares of TJX Companies during the 3rd quarter valued at approximately $29,000. BKM Wealth Management LLC bought a new stake in shares of TJX Companies during the 4th quarter valued at approximately $30,000. Finally, Cornerstone Planning Group LLC acquired a new stake in TJX Companies during the 2nd quarter worth approximately $33,000. 91.09% of the stock is owned by institutional investors.

Insider Buying and Selling

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

TJX Companies Stock Up 0.5 %

Shares of TJX Companies stock traded up $0.46 during trading on Tuesday, reaching $93.44. 652,993 shares of the company traded hands, compared to its average volume of 5,001,163. The firm has a market capitalization of $105.86 billion, a PE ratio of 24.09, a P/E/G ratio of 2.43 and a beta of 0.86. The company has a 50 day moving average price of $97.97 and a 200-day moving average price of $93.57. 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 TJX Companies, Inc. has a 1-year low of $75.65 and a 1-year high of $102.84.

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

TJX Companies declared that its Board of Directors has initiated a share buyback program on Wednesday, February 28th that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the apparel and home fashions retailer to buy up to 2.2% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

TJX Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 16th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date is Wednesday, May 15th. This is an increase from TJX Companies’s previous quarterly dividend of $0.33. TJX Companies’s dividend payout ratio (DPR) is 34.46%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on TJX shares. UBS Group lifted their target price on shares of 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 downgraded shares of 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 restated an “outperform” rating and issued a $105.00 price target on shares of TJX Companies in a research report on Wednesday, February 28th. Finally, BMO Capital Markets boosted their price target on shares of 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 assigned a buy rating to the company’s stock. According to MarketBeat, TJX Companies presently has an average rating of “Moderate Buy” and an average price target of $102.19.

TJX Companies Profile

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.