The TJX Companies, Inc. (NYSE:TJX) Shares Bought by City Holding Co.

City Holding Co. lifted its position in The TJX Companies, Inc. (NYSE:TJX) by 5.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,179 shares of the apparel and home fashions retailer’s stock after buying an additional 790 shares during the period. City Holding Co.’s holdings in TJX Companies were worth $1,539,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ballentine Partners LLC grew its stake in TJX Companies by 7.8% in the first quarter. Ballentine Partners LLC now owns 23,455 shares of the apparel and home fashions retailer’s stock valued at $2,379,000 after purchasing an additional 1,698 shares in the last quarter. Contravisory Investment Management Inc. boosted its stake in TJX Companies by 4,542.3% during the 1st quarter. Contravisory Investment Management Inc. now owns 1,207 shares of the apparel and home fashions retailer’s stock valued at $122,000 after purchasing an additional 1,181 shares during the period. Salem Investment Counselors Inc. raised its holdings in TJX Companies by 4.9% in the 1st quarter. Salem Investment Counselors Inc. now owns 4,336 shares of the apparel and home fashions retailer’s stock valued at $440,000 after acquiring an additional 203 shares in the last quarter. &PARTNERS acquired a new position in TJX Companies in the 1st quarter valued at approximately $696,000. Finally, Running Oak Capital LLC raised its holdings in shares of TJX Companies by 10.9% in the 1st quarter. Running Oak Capital LLC now owns 111,987 shares of the apparel and home fashions retailer’s stock worth $11,358,000 after buying an additional 11,036 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Price Performance

NYSE TJX traded up $0.37 on Monday, hitting $111.38. 342,031 shares of the company’s stock were exchanged, compared to its average volume of 5,504,853. The stock has a 50-day moving average of $100.73 and a 200-day moving average of $97.59. The company has a current ratio of 1.23, a quick ratio of 0.61 and a debt-to-equity ratio of 0.38. The TJX Companies, Inc. has a 52 week low of $81.65 and a 52 week high of $111.49. The stock has a market cap of $125.88 billion, a price-to-earnings ratio of 27.55, a P/E/G ratio of 2.95 and a beta of 0.87.

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

TJX Companies declared that its board has authorized a share buyback plan 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 repurchase up to 2.2% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Thursday, August 15th. TJX Companies’s payout ratio is 37.22%.

Insider Activity

In other TJX Companies news, Director Amy B. Lane sold 1,500 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total transaction of $153,105.00. Following the transaction, the director now directly owns 23,470 shares in the company, valued at approximately $2,395,582.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, EVP Louise Greenlees sold 8,171 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $101.73, for a total value of $831,235.83. Following the transaction, the executive vice president now owns 49,570 shares of the company’s stock, valued at approximately $5,042,756.10. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Amy B. Lane sold 1,500 shares of TJX Companies stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total transaction of $153,105.00. Following the transaction, the director now directly owns 23,470 shares in the company, valued at $2,395,582.90. The disclosure for this sale can be found here. Over the last quarter, insiders sold 50,003 shares of company stock valued at $5,060,941. Company insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on TJX. Deutsche Bank Aktiengesellschaft set a $114.00 price objective on TJX Companies in a research report on Tuesday, May 21st. UBS Group lifted their target price on TJX Companies from $132.00 to $134.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Evercore ISI set a $113.00 price objective on TJX Companies in a research note on Tuesday, May 21st. Robert W. Baird upped their target price on TJX Companies from $110.00 to $113.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. Finally, Sanford C. Bernstein boosted their price target on TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. Two research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $110.37.

TJX Companies Company 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.