Fidelis Capital Partners LLC Has $1.32 Million Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Fidelis Capital Partners LLC boosted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 58.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 14,104 shares of the apparel and home fashions retailer’s stock after acquiring an additional 5,224 shares during the period. Fidelis Capital Partners LLC’s holdings in TJX Companies were worth $1,323,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Penobscot Investment Management Company Inc. raised its holdings in shares of TJX Companies by 35.5% in the third quarter. Penobscot Investment Management Company Inc. now owns 73,466 shares of the apparel and home fashions retailer’s stock valued at $6,530,000 after purchasing an additional 19,236 shares during the last quarter. Ferguson Wellman Capital Management Inc. raised its holdings in shares of TJX Companies by 3.7% in the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 603,482 shares of the apparel and home fashions retailer’s stock valued at $56,613,000 after purchasing an additional 21,767 shares during the last quarter. Savoir Faire Capital Management L.P. purchased a new stake in shares of TJX Companies in the third quarter valued at about $3,197,000. Gateway Investment Advisers LLC raised its holdings in shares of TJX Companies by 42.9% in the fourth quarter. Gateway Investment Advisers LLC now owns 19,108 shares of the apparel and home fashions retailer’s stock valued at $1,793,000 after purchasing an additional 5,737 shares during the last quarter. Finally, Cape Cod Five Cents Savings Bank raised its holdings in shares of TJX Companies by 109.1% in the third quarter. Cape Cod Five Cents Savings Bank now owns 148,954 shares of the apparel and home fashions retailer’s stock valued at $13,239,000 after purchasing an additional 77,711 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Redburn Atlantic downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 target price for the company. in a report on Monday, February 5th. UBS Group raised their price objective on shares of TJX Companies from $95.00 to $104.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Telsey Advisory Group restated an “outperform” rating and set a $105.00 price objective on shares of TJX Companies in a report on Wednesday, February 28th. Finally, BMO Capital Markets raised their price objective on shares of TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $102.19.

TJX Companies Stock Performance

NYSE:TJX traded down $0.47 on Thursday, reaching $92.66. 3,290,673 shares of the company’s stock were exchanged, compared to its average volume of 5,024,710. 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 market cap of $104.98 billion, a price-to-earnings ratio of 24.12, a P/E/G ratio of 2.40 and a beta of 0.86. The TJX Companies, Inc. has a 52 week low of $75.65 and a 52 week high of $102.84. The stock has a fifty day simple moving average of $97.80 and a 200-day simple moving average of $93.59.

TJX Companies (NYSE:TJX) last issued its 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. The firm had revenue of $16.41 billion during the quarter, compared to analyst estimates of $16.20 billion. TJX Companies had a net margin of 8.25% and a return on equity of 64.18%. The company’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the business earned $0.89 earnings per share. As a group, sell-side analysts predict that The TJX Companies, Inc. will post 4.07 earnings per share for the current year.

TJX Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 16th will be given a $0.375 dividend. This is a positive change from TJX Companies’s previous quarterly dividend of $0.33. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend is Wednesday, May 15th. TJX Companies’s dividend payout ratio (DPR) is 38.86%.

TJX Companies announced that its Board of Directors has authorized a share repurchase 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 shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity

In other news, EVP Louise Greenlees sold 2,694 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were 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 directly owns 50,273 shares in the company, valued at $4,968,480.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Ernie Herrman sold 20,000 shares of the firm’s 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 transaction, the chief executive officer now directly owns 515,801 shares in the company, valued at $51,053,982.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Louise Greenlees sold 2,694 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $98.83, for a total transaction 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 disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

TJX Companies 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.