Fidelis Capital Partners LLC Purchases 5,224 Shares of The TJX Companies, Inc. (NYSE:TJX)

Fidelis Capital Partners LLC boosted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 58.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,104 shares of the apparel and home fashions retailer’s stock after purchasing an additional 5,224 shares during the quarter. Fidelis Capital Partners LLC’s holdings in TJX Companies were worth $1,323,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TJX. Fairfield Bush & CO. bought a new stake in TJX Companies during the 1st quarter worth about $68,000. United Bank increased its stake in shares of TJX Companies by 9.2% in the 1st quarter. United Bank now owns 15,197 shares of the apparel and home fashions retailer’s stock valued at $921,000 after acquiring an additional 1,284 shares during the last quarter. AMI Investment Management Inc. bought a new stake in shares of TJX Companies in the 1st quarter valued at about $2,780,000. Cetera Investment Advisers increased its stake in shares of TJX Companies by 69.0% in the 1st quarter. Cetera Investment Advisers now owns 38,304 shares of the apparel and home fashions retailer’s stock valued at $2,320,000 after acquiring an additional 15,644 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its stake in shares of TJX Companies by 10.0% in the 1st quarter. Sequoia Financial Advisors LLC now owns 4,396 shares of the apparel and home fashions retailer’s stock valued at $266,000 after acquiring an additional 398 shares during the last quarter. 91.09% of the stock is owned by institutional investors.

TJX Companies Stock Down 0.5 %

NYSE:TJX traded down $0.47 during trading hours on Thursday, reaching $92.66. 3,290,673 shares of the stock were exchanged, compared to its average volume of 5,024,710. The TJX Companies, Inc. has a twelve month low of $75.65 and a twelve month high of $102.84. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.21 and a quick ratio of 0.64. The firm has a 50 day moving average of $97.80 and a 200 day moving average of $93.59. The stock has a market cap of $104.98 billion, a PE ratio of 24.12, a PEG ratio of 2.40 and a beta of 0.86.

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

TJX Companies declared that its board has approved a share buyback 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 purchase up to 2.2% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors 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 given a dividend of $0.375 per share. The ex-dividend date is Wednesday, May 15th. This represents a $1.50 dividend on an annualized basis and a yield of 1.62%. This is an increase from TJX Companies’s previous quarterly dividend of $0.33. TJX Companies’s dividend payout ratio is 38.86%.

Insider Activity

In other news, 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 completion of the sale, the chief executive officer now owns 515,801 shares of the company’s stock, valued at approximately $51,053,982.98. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP Louise Greenlees sold 2,694 shares of the stock in a transaction that occurred 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 owns 50,273 shares of the company’s stock, valued at approximately $4,968,480.59. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 completion of the sale, the chief executive officer now directly owns 515,801 shares of the company’s stock, valued at approximately $51,053,982.98. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

Analyst Ratings Changes

TJX has been the subject of a number of recent analyst reports. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $105.00 price target on shares of TJX Companies in a research note on Wednesday, February 28th. BMO Capital Markets upped 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. UBS Group upped their price target on TJX Companies from $95.00 to $104.00 and gave the company a “neutral” rating in a research note on Friday, March 1st. Finally, Redburn Atlantic cut TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 target price for the company. in a research note on Monday, February 5th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $102.19.

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.