The TJX Companies, Inc. (NYSE:TJX) Shares Acquired by First Hawaiian Bank

First Hawaiian Bank boosted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 5.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 38,130 shares of the apparel and home fashions retailer’s stock after acquiring an additional 1,802 shares during the period. First Hawaiian Bank’s holdings in TJX Companies were worth $3,867,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in TJX Companies in the 4th quarter valued at approximately $1,193,438,000. Schroder Investment Management Group boosted its stake in shares of TJX Companies by 350.9% during the third quarter. Schroder Investment Management Group now owns 2,078,244 shares of the apparel and home fashions retailer’s stock valued at $184,714,000 after acquiring an additional 1,617,367 shares during the last quarter. Qube Research & Technologies Ltd boosted its stake in shares of TJX Companies by 105.9% during the third quarter. Qube Research & Technologies Ltd now owns 2,378,802 shares of the apparel and home fashions retailer’s stock valued at $211,428,000 after acquiring an additional 1,223,303 shares during the last quarter. Nordea Investment Management AB raised its stake in TJX Companies by 23.2% in the 4th quarter. Nordea Investment Management AB now owns 5,881,507 shares of the apparel and home fashions retailer’s stock valued at $554,156,000 after purchasing an additional 1,107,937 shares during the last quarter. Finally, Canoe Financial LP lifted its holdings in TJX Companies by 22,145.7% in the 4th quarter. Canoe Financial LP now owns 1,112,287 shares of the apparel and home fashions retailer’s stock valued at $104,344,000 after purchasing an additional 1,107,287 shares in the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at TJX Companies

In other TJX Companies news, Director Amy B. Lane sold 1,500 shares of TJX Companies stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total value of $153,105.00. Following the completion of the transaction, the director now directly owns 23,470 shares in the company, valued at $2,395,582.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Kenneth Canestrari sold 20,332 shares of TJX Companies stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $100.00, for a total value of $2,033,200.00. Following the sale, the executive vice president now directly owns 110,893 shares in the company, valued at approximately $11,089,300. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Amy B. Lane sold 1,500 shares of the company’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total transaction of $153,105.00. Following the completion of the transaction, the director now owns 23,470 shares of the company’s stock, valued at approximately $2,395,582.90. The disclosure for this sale can be found here. Insiders sold a total of 50,003 shares of company stock valued at $5,060,941 in the last quarter. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TJX. The Goldman Sachs Group upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $100.00 to $110.00 in a report on Thursday, April 25th. TD Cowen lifted their target price on shares of TJX Companies from $119.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Evercore ISI set a $113.00 price target on TJX Companies in a research note on Tuesday, May 21st. UBS Group lifted their price objective on TJX Companies from $132.00 to $134.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Finally, Barclays raised their target price on shares of TJX Companies from $109.00 to $114.00 and gave the stock an “overweight” rating in a research report on Thursday, May 23rd. Two equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $110.37.

TJX Companies Stock Performance

Shares of TJX stock opened at $110.26 on Thursday. The stock has a market capitalization of $124.61 billion, a price-to-earnings ratio of 27.36, a PEG ratio of 2.95 and a beta of 0.87. The TJX Companies, Inc. has a one year low of $80.15 and a one year high of $110.71. The company’s 50-day simple moving average is $100.11 and its 200-day simple moving average is $97.21. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.61 and a current ratio of 1.23.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.06. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. The business had revenue of $12.48 billion during the quarter, compared to the consensus estimate of $12.48 billion. During the same period in the previous year, the business earned $0.76 EPS. The business’s quarterly revenue was up 5.9% on a year-over-year basis. Equities analysts anticipate that The TJX Companies, Inc. will post 4.09 earnings per share for the current fiscal year.

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

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Thursday, August 15th. TJX Companies’s dividend payout ratio (DPR) is presently 37.22%.

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.