Dubuque Bank & Trust Co. lessened its holdings in shares of TJX Companies Inc (NYSE:TJX) by 37.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,066 shares of the apparel and home fashions retailer’s stock after selling 644 shares during the quarter. Dubuque Bank & Trust Co.’s holdings in TJX Companies were worth $57,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. GSA Capital Partners LLP bought a new stake in shares of TJX Companies in the 3rd quarter worth $413,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of TJX Companies in the 3rd quarter worth $217,000. LPL Financial LLC grew its position in TJX Companies by 12.9% during the third quarter. LPL Financial LLC now owns 78,972 shares of the apparel and home fashions retailer’s stock valued at $8,846,000 after buying an additional 9,051 shares during the period. Capital Guardian Trust Co. bought a new position in TJX Companies during the third quarter valued at about $109,000. Finally, Bell Rock Capital LLC bought a new position in TJX Companies during the third quarter valued at about $139,000. Institutional investors and hedge funds own 89.88% of the company’s stock.

In other news, EVP Richard Sherr sold 43,000 shares of the stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $54.08, for a total value of $2,325,440.00. Following the sale, the executive vice president now directly owns 118,708 shares of the company’s stock, valued at $6,419,728.64. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Amy B. Lane sold 1,625 shares of the stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $53.00, for a total transaction of $86,125.00. Following the completion of the sale, the director now directly owns 29,467 shares in the company, valued at $1,561,751. The disclosure for this sale can be found here. Over the last three months, insiders sold 47,250 shares of company stock worth $2,551,105. Insiders own 0.20% of the company’s stock.

TJX has been the subject of several research reports. Zacks Investment Research lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a research report on Monday, February 11th. Morgan Stanley increased their price target on shares of TJX Companies from $56.00 to $58.00 and gave the company an “overweight” rating in a research report on Thursday, February 28th. ValuEngine upgraded shares of TJX Companies from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Barclays set a $56.00 price target on shares of TJX Companies and gave the company a “hold” rating in a research report on Thursday, February 28th. Finally, Telsey Advisory Group upgraded shares of TJX Companies from a “market perform” rating to an “outperform” rating and increased their price target for the company from $51.00 to $56.00 in a research report on Thursday, January 31st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and seventeen have issued a buy rating to the stock. TJX Companies currently has an average rating of “Buy” and an average target price of $55.06.

NYSE TJX opened at $54.44 on Thursday. The stock has a market cap of $66.04 billion, a price-to-earnings ratio of 25.80, a price-to-earnings-growth ratio of 1.90 and a beta of 0.66. TJX Companies Inc has a 52 week low of $40.47 and a 52 week high of $56.64. The company has a current ratio of 1.53, a quick ratio of 0.70 and a debt-to-equity ratio of 0.44.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, February 27th. The apparel and home fashions retailer reported $0.68 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.68. The business had revenue of $11.13 billion for the quarter, compared to the consensus estimate of $11.01 billion. TJX Companies had a net margin of 7.85% and a return on equity of 57.42%. The company’s revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.30 earnings per share. On average, analysts anticipate that TJX Companies Inc will post 2.61 earnings per share for the current fiscal year.

TJX Companies announced that its Board of Directors has initiated a share repurchase program on Wednesday, February 27th that permits the company to repurchase $2.25 billion in outstanding shares. This repurchase authorization permits the apparel and home fashions retailer to purchase up to 3.6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 16th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.69%. This is an increase from TJX Companies’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Wednesday, May 15th. TJX Companies’s dividend payout ratio is presently 36.97%.

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About TJX Companies

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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, accent furniture, lamps, rugs, wall d├ęcor, decorative accessories, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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