The TJX Companies, Inc. (NYSE:TJX) Shares Sold by FineMark National Bank & Trust

FineMark National Bank & Trust decreased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 212,234 shares of the apparel and home fashions retailer’s stock after selling 1,748 shares during the period. TJX Companies comprises approximately 0.8% of FineMark National Bank & Trust’s investment portfolio, making the stock its 25th largest holding. FineMark National Bank & Trust’s holdings in TJX Companies were worth $19,910,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TJX. Bedel Financial Consulting Inc. increased its stake in shares of TJX Companies by 3.4% in the 4th quarter. Bedel Financial Consulting Inc. now owns 3,190 shares of the apparel and home fashions retailer’s stock worth $299,000 after acquiring an additional 104 shares during the last quarter. Tandem Investment Advisors Inc. boosted its holdings in TJX Companies by 1.8% during the 4th quarter. Tandem Investment Advisors Inc. now owns 5,846 shares of the apparel and home fashions retailer’s stock valued at $548,000 after acquiring an additional 106 shares during the period. Alhambra Investment Management LLC boosted its holdings in TJX Companies by 2.0% during the 4th quarter. Alhambra Investment Management LLC now owns 5,433 shares of the apparel and home fashions retailer’s stock valued at $510,000 after acquiring an additional 108 shares during the period. J.Safra Asset Management Corp boosted its holdings in TJX Companies by 9.9% during the 4th quarter. J.Safra Asset Management Corp now owns 1,196 shares of the apparel and home fashions retailer’s stock valued at $112,000 after acquiring an additional 108 shares during the period. Finally, BSW Wealth Partners boosted its holdings in TJX Companies by 2.0% during the 4th quarter. BSW Wealth Partners now owns 5,623 shares of the apparel and home fashions retailer’s stock valued at $528,000 after acquiring an additional 109 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Trading Down 0.9 %

TJX Companies stock traded down $0.89 during trading on Thursday, hitting $100.23. The company’s stock had a trading volume of 4,986,384 shares, compared to its average volume of 5,212,820. The stock has a market capitalization of $113.56 billion, a price-to-earnings ratio of 26.07, a P/E/G ratio of 2.64 and a beta of 0.87. The stock’s fifty day moving average is $97.15 and its 200 day moving average is $94.97. The TJX Companies, Inc. has a 1-year low of $75.65 and a 1-year high of $104.98. 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 released its earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 EPS for the quarter, beating the consensus estimate of $0.87 by $0.06. The firm had revenue of $12.48 billion during the quarter, compared to analyst estimates of $12.48 billion. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. The business’s quarterly 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 earnings per share. As a group, equities research analysts predict that The TJX Companies, Inc. will post 4.1 EPS for the current year.

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

TJX Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 16th will be paid a dividend of $0.375 per share. The ex-dividend date is Wednesday, May 15th. This is a positive change from TJX Companies’s previous quarterly dividend of $0.33. This represents a $1.50 annualized dividend and a yield of 1.50%. TJX Companies’s dividend payout ratio is currently 38.86%.

Insiders Place Their Bets

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

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. BMO Capital Markets raised their target price on TJX Companies from $95.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, February 29th. Robert W. Baird lifted their price objective on TJX Companies from $110.00 to $113.00 and gave the company an “outperform” rating in a research note on Thursday. TD Cowen lifted their price objective on TJX Companies from $119.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Barclays lifted their price objective on TJX Companies from $109.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Evercore ISI set a $113.00 price objective on TJX Companies in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $110.05.

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.