FineMark National Bank & Trust Sells 1,748 Shares of The TJX Companies, Inc. (NYSE:TJX)

FineMark National Bank & Trust cut its holdings in The TJX Companies, Inc. (NYSE:TJX) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 212,234 shares of the apparel and home fashions retailer’s stock after selling 1,748 shares during the quarter. TJX Companies comprises 0.8% of FineMark National Bank & Trust’s portfolio, making the stock its 25th largest position. FineMark National Bank & Trust’s holdings in TJX Companies were worth $19,910,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TJX. WealthPlan Investment Management LLC bought a new stake in shares of TJX Companies during the 3rd quarter worth about $334,000. Larson Financial Group LLC increased its position in TJX Companies by 76.0% during the 3rd quarter. Larson Financial Group LLC now owns 389 shares of the apparel and home fashions retailer’s stock worth $35,000 after purchasing an additional 168 shares in the last quarter. Signaturefd LLC increased its position in TJX Companies by 9.9% during the 3rd quarter. Signaturefd LLC now owns 21,730 shares of the apparel and home fashions retailer’s stock worth $1,931,000 after purchasing an additional 1,949 shares in the last quarter. Syon Capital LLC acquired a new position in TJX Companies during the 3rd quarter worth approximately $580,000. Finally, NBC Securities Inc. acquired a new position in TJX Companies during the 3rd quarter worth approximately $1,169,000. 91.09% of the stock is owned by institutional investors.

TJX Companies Trading Down 0.9 %

Shares of NYSE TJX traded down $0.89 during mid-day trading on Thursday, hitting $100.23. The stock had a trading volume of 4,986,384 shares, compared to its average volume of 5,212,820. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.64 and a current ratio of 1.21. The TJX Companies, Inc. has a 1 year low of $75.65 and a 1 year high of $104.98. The business has a 50 day moving average price of $97.15 and a two-hundred day moving average price of $94.97. The firm has a market cap of $113.56 billion, a P/E ratio of 26.07, a price-to-earnings-growth ratio of 2.64 and a beta of 0.87.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 EPS for the quarter, topping the consensus estimate of $0.87 by $0.06. The company had revenue of $12.48 billion for the quarter, compared to the consensus estimate of $12.48 billion. TJX Companies had a net margin of 8.25% and a return on equity of 64.18%. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.76 earnings per share. On average, equities analysts anticipate that The TJX Companies, Inc. will post 4.1 EPS for the current fiscal year.

TJX Companies Increases Dividend

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

TJX Companies announced that its Board of Directors has initiated a share repurchase plan on Wednesday, February 28th that authorizes the company to buyback $2.50 billion in outstanding shares. This buyback authorization authorizes the apparel and home fashions retailer to reacquire up to 2.2% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on TJX shares. TD Cowen upped their price objective on shares of TJX Companies from $119.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. UBS Group upped their price objective on shares of TJX Companies from $132.00 to $134.00 and gave the stock a “buy” rating in a research report on Thursday. Evercore ISI set a $113.00 price target on shares of TJX Companies in a research report on Tuesday. Telsey Advisory Group upped their price target on shares of TJX Companies from $112.00 to $115.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, BMO Capital Markets upped their price target on shares of TJX Companies from $95.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. Two analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $110.05.

Insider Buying and Selling

In related news, EVP Louise Greenlees sold 2,694 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $98.83, for a total transaction of $266,248.02. Following the sale, the executive vice president now directly owns 50,273 shares of the company’s stock, valued at approximately $4,968,480.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $98.98, for a total transaction of $1,979,600.00. Following the sale, the chief executive officer now owns 515,801 shares of the company’s stock, valued at approximately $51,053,982.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Louise Greenlees sold 2,694 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $98.83, for a total transaction of $266,248.02. Following the sale, the executive vice president now directly owns 50,273 shares in the company, valued at approximately $4,968,480.59. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

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.