D.A. Davidson & CO. Increases Stock Position in The TJX Companies, Inc. (NYSE:TJX)

D.A. Davidson & CO. boosted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 18.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,307 shares of the apparel and home fashions retailer’s stock after purchasing an additional 7,821 shares during the quarter. D.A. Davidson & CO.’s holdings in TJX Companies were worth $4,626,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. WealthPlan Investment Management LLC purchased a new stake in TJX Companies during the 3rd quarter valued at approximately $334,000. Larson Financial Group LLC increased its stake in shares of TJX Companies by 76.0% during the third quarter. Larson Financial Group LLC now owns 389 shares of the apparel and home fashions retailer’s stock worth $35,000 after acquiring an additional 168 shares during the period. Signaturefd LLC lifted its position in TJX Companies by 9.9% in the third quarter. Signaturefd LLC now owns 21,730 shares of the apparel and home fashions retailer’s stock valued at $1,931,000 after purchasing an additional 1,949 shares during the period. Syon Capital LLC purchased a new position in shares of TJX Companies during the 3rd quarter worth approximately $580,000. Finally, NBC Securities Inc. purchased a new stake in shares of TJX Companies in the third quarter valued at approximately $1,169,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Performance

Shares of TJX opened at $101.12 on Thursday. The firm has a market cap of $114.57 billion, a price-to-earnings ratio of 26.20, a PEG ratio of 2.64 and a beta of 0.87. The company has a quick ratio of 0.64, a current ratio of 1.21 and a debt-to-equity ratio of 0.39. The business’s 50 day moving average is $97.15 and its two-hundred day moving average is $94.97. The TJX Companies, Inc. has a 52-week low of $75.65 and a 52-week high of $104.98.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.06. The firm had revenue of $12.48 billion for the quarter, compared to the consensus estimate of $12.48 billion. TJX Companies had a net margin of 8.25% and a return on equity of 64.18%. The firm’s revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.76 EPS. Analysts forecast that The TJX Companies, Inc. will post 4.1 EPS for the current fiscal year.

TJX Companies declared that its board has authorized a stock buyback plan 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 buy up to 2.2% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

TJX Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 16th will be given 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 annualized dividend and a dividend yield of 1.48%. TJX Companies’s dividend payout ratio (DPR) is presently 38.86%.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

TJX has been the subject of a number of research analyst reports. Redburn Atlantic cut shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 target price for the company. in a report on Monday, February 5th. Robert W. Baird upped their target price on TJX Companies from $110.00 to $113.00 and gave the company an “outperform” rating in a report on Thursday. Evercore ISI set a $113.00 price target on TJX Companies in a research note on Tuesday. TD Cowen increased their price objective on shares of TJX Companies from $119.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Finally, BMO Capital Markets lifted their target price 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. Two equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $108.67.

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.