Donaldson Capital Management LLC Has $554,000 Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Donaldson Capital Management LLC boosted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,464 shares of the apparel and home fashions retailer’s stock after purchasing an additional 156 shares during the quarter. Donaldson Capital Management LLC’s holdings in TJX Companies were worth $554,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Penobscot Investment Management Company Inc. raised its stake in shares of TJX Companies by 35.5% in the third quarter. Penobscot Investment Management Company Inc. now owns 73,466 shares of the apparel and home fashions retailer’s stock valued at $6,530,000 after purchasing an additional 19,236 shares in the last quarter. Ferguson Wellman Capital Management Inc. lifted its holdings in shares of TJX Companies by 3.7% during the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 603,482 shares of the apparel and home fashions retailer’s stock worth $56,613,000 after acquiring an additional 21,767 shares during the period. Savoir Faire Capital Management L.P. acquired a new stake in shares of TJX Companies during the 3rd quarter valued at about $3,197,000. Gateway Investment Advisers LLC increased its stake in TJX Companies by 42.9% in the fourth quarter. Gateway Investment Advisers LLC now owns 19,108 shares of the apparel and home fashions retailer’s stock valued at $1,793,000 after acquiring an additional 5,737 shares during the period. Finally, Cape Cod Five Cents Savings Bank raised its position in TJX Companies by 109.1% in the third quarter. Cape Cod Five Cents Savings Bank now owns 148,954 shares of the apparel and home fashions retailer’s stock worth $13,239,000 after purchasing an additional 77,711 shares in the last quarter. 91.09% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were 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 in the company, valued at $51,053,982.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction dated 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 in the company, valued at $51,053,982.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Louise Greenlees sold 2,694 shares of the stock in a transaction dated 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 transaction, the executive vice president now directly owns 50,273 shares in the company, valued at approximately $4,968,480.59. The disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

TJX Companies Trading Down 0.1 %

NYSE:TJX traded down $0.06 during trading hours on Friday, hitting $96.36. 3,748,411 shares of the stock were exchanged, compared to its average volume of 4,860,047. The company has a market capitalization of $109.17 billion, a P/E ratio of 24.96, a price-to-earnings-growth ratio of 2.48 and a beta of 0.86. 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 company’s 50 day moving average is $97.33 and its two-hundred day moving average is $93.87. The TJX Companies, Inc. has a twelve month low of $75.65 and a twelve month high of $102.84.

TJX Companies (NYSE:TJX) last released its 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. The company had revenue of $16.41 billion during the quarter, compared to the consensus estimate of $16.20 billion. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.89 earnings per share. On average, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.07 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 16th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.56%. 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 (DPR) is 38.86%.

TJX Companies announced that its board has authorized a stock 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 repurchase up to 2.2% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

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.