Dohj LLC Makes New Investment in The TJX Companies, Inc. (NYSE:TJX)

Dohj LLC acquired a new position in The TJX Companies, Inc. (NYSE:TJX) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 5,642 shares of the apparel and home fashions retailer’s stock, valued at approximately $529,000.

A number of other large investors have also added to or reduced their stakes in TJX. FMR LLC increased its stake in TJX Companies by 13.1% in the 3rd quarter. FMR LLC now owns 52,008,484 shares of the apparel and home fashions retailer’s stock worth $4,622,514,000 after acquiring an additional 6,036,764 shares during the last quarter. Schroder Investment Management Group increased its stake in TJX Companies by 350.9% in the 3rd quarter. Schroder Investment Management Group now owns 2,078,244 shares of the apparel and home fashions retailer’s stock worth $184,714,000 after acquiring an additional 1,617,367 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in TJX Companies by 225.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 2,137,256 shares of the apparel and home fashions retailer’s stock worth $189,959,000 after acquiring an additional 1,480,837 shares during the last quarter. TD Asset Management Inc increased its stake in TJX Companies by 93.2% in the 3rd quarter. TD Asset Management Inc now owns 2,949,415 shares of the apparel and home fashions retailer’s stock worth $262,144,000 after acquiring an additional 1,423,004 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new stake in TJX Companies in the 3rd quarter worth approximately $115,982,000. Institutional investors own 91.09% of the company’s stock.

TJX Companies Trading Down 0.1 %

TJX Companies stock traded down $0.06 during mid-day trading on Friday, hitting $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 company has a 50 day moving average of $97.33 and a 200-day moving average of $93.90. The stock has a market cap of $109.17 billion, a PE ratio of 24.96, a P/E/G 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. The TJX Companies, Inc. has a one year low of $75.65 and a one year high of $102.84.

TJX Companies (NYSE:TJX) last issued its earnings results 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. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. The business had revenue of $16.41 billion during the quarter, compared to analysts’ expectations of $16.20 billion. During the same period in the prior year, the business earned $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 anticipate that The TJX Companies, Inc. will post 4.07 EPS for the current year.

TJX Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 16th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.56%. This is a boost from TJX Companies’s previous quarterly dividend of $0.33. The ex-dividend date is Wednesday, May 15th. TJX Companies’s dividend payout ratio is currently 34.46%.

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. BMO Capital Markets boosted their target price on TJX Companies from $95.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. The Goldman Sachs Group raised TJX Companies from a “neutral” rating to a “buy” rating and boosted their target price for the company from $100.00 to $110.00 in a research report on Thursday. Telsey Advisory Group reissued an “outperform” rating and set a $105.00 target price on shares of TJX Companies in a research report on Wednesday, February 28th. UBS Group boosted their target price on TJX Companies from $95.00 to $104.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. Finally, Redburn Atlantic downgraded 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. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, TJX Companies presently has an average rating of “Moderate Buy” and a consensus price target of $102.65.

Insiders Place Their Bets

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

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.