Michael S. Ryan Inc. Sells 101 Shares of The TJX Companies, Inc. (NYSE:TJX)

Michael S. Ryan Inc. decreased its holdings in The TJX Companies, Inc. (NYSE:TJX) by 2.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,996 shares of the apparel and home fashions retailer’s stock after selling 101 shares during the period. Michael S. Ryan Inc.’s holdings in TJX Companies were worth $405,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Ferguson Wellman Capital Management Inc. boosted its stake in 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 acquiring an additional 21,767 shares in the last quarter. Savoir Faire Capital Management L.P. purchased a new position in TJX Companies during the 3rd quarter worth $3,197,000. Gateway Investment Advisers LLC raised its stake in 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 buying an additional 5,737 shares during the last quarter. Cape Cod Five Cents Savings Bank boosted its holdings in 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 worth $13,239,000 after acquiring an additional 77,711 shares in the last quarter. Finally, Options Solutions LLC acquired a new stake in TJX Companies in the fourth quarter worth about $726,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft set a $114.00 target price on shares of TJX Companies in a research note on Tuesday, May 21st. Sanford C. Bernstein lifted 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. Evercore ISI set a $113.00 price objective on TJX Companies in a report on Tuesday, May 21st. Robert W. Baird lifted 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, UBS Group increased their price target on shares of TJX Companies from $132.00 to $134.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Two analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat.com, TJX Companies presently has an average rating of “Moderate Buy” and a consensus price target of $110.37.

TJX Companies Trading Up 0.0 %

Shares of TJX Companies stock traded up $0.02 during mid-day trading on Tuesday, hitting $110.24. The stock had a trading volume of 1,214,057 shares, compared to its average volume of 5,468,656. The TJX Companies, Inc. has a 12-month low of $80.15 and a 12-month high of $110.58. The firm has a market cap of $124.59 billion, a P/E ratio of 27.35, a price-to-earnings-growth ratio of 2.90 and a beta of 0.87. The firm has a 50-day moving average of $99.56 and a two-hundred day moving average of $96.97. The company has a quick ratio of 0.61, a current ratio of 1.23 and a debt-to-equity ratio of 0.38.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.06. The company had revenue of $12.48 billion for the quarter, compared to analyst estimates of $12.48 billion. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.76 earnings per share. Sell-side analysts forecast that The TJX Companies, Inc. will post 4.09 earnings per share for the current year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be paid a $0.375 dividend. The ex-dividend date is Thursday, August 15th. This represents a $1.50 annualized dividend and a dividend yield of 1.36%. TJX Companies’s dividend payout ratio (DPR) is 37.22%.

TJX Companies declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 28th that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the apparel and home fashions retailer to repurchase up to 2.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Insider Transactions at TJX Companies

In other TJX Companies news, EVP Kenneth Canestrari sold 20,332 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $100.00, for a total transaction of $2,033,200.00. Following the transaction, the executive vice president now owns 110,893 shares of the company’s stock, valued at $11,089,300. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $102.17, for a total value of $2,043,400.00. Following the completion of the sale, the chief executive officer now directly owns 571,148 shares of the company’s stock, valued at $58,354,191.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kenneth Canestrari sold 20,332 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $100.00, for a total transaction of $2,033,200.00. Following the sale, the executive vice president now owns 110,893 shares of the company’s stock, valued at approximately $11,089,300. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 70,003 shares of company stock valued at $7,040,541. 0.13% of the stock is currently 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.