The TJX Companies, Inc. (NYSE:TJX) Shares Purchased by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. boosted its stake in The TJX Companies, Inc. (NYSE:TJX) by 1,053.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,183 shares of the apparel and home fashions retailer’s stock after acquiring an additional 9,300 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in TJX Companies were worth $950,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. ICA Group Wealth Management LLC acquired a new stake in shares of TJX Companies during the fourth quarter worth $27,000. Anchor Investment Management LLC acquired a new stake in shares of TJX Companies during the fourth quarter worth $28,000. Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of TJX Companies during the third quarter worth $29,000. BKM Wealth Management LLC acquired a new stake in shares of TJX Companies during the fourth quarter worth $30,000. Finally, Cornerstone Planning Group LLC acquired a new stake in shares of TJX Companies during the second quarter worth $33,000. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Stock Performance

Shares of TJX opened at $94.42 on Monday. The firm has a 50-day moving average price of $98.04 and a 200 day moving average price of $93.54. The firm has a market capitalization of $106.98 billion, a PE ratio of 24.46, a P/E/G ratio of 2.43 and a beta of 0.86. The company has a quick ratio of 0.64, a current ratio of 1.21 and a debt-to-equity ratio of 0.39. The TJX Companies, Inc. has a 52-week low of $75.65 and a 52-week high of $102.84.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.10. TJX Companies had a net margin of 8.25% and a return on equity of 64.18%. The company had revenue of $16.41 billion during the quarter, compared to analyst estimates of $16.20 billion. During the same quarter last year, the firm posted $0.89 EPS. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. On average, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.07 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 16th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.59%. This is a boost from TJX Companies’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Wednesday, May 15th. TJX Companies’s dividend payout ratio (DPR) is presently 34.46%.

TJX Companies announced that its board has initiated a share buyback plan on Wednesday, February 28th that allows the company to repurchase $2.50 billion in shares. This repurchase authorization allows the apparel and home fashions retailer to purchase up to 2.2% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

TJX has been the topic of a number of research reports. BMO Capital Markets increased their target price 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. UBS Group increased their target price 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. Redburn Atlantic lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price target for the company. in a research report on Monday, February 5th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $105.00 price target on shares of TJX Companies in a research report on Wednesday, February 28th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, TJX Companies presently has a consensus rating of “Moderate Buy” and an average price target of $102.19.

Insiders Place Their Bets

In related 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 transaction of $266,248.02. Following the completion of the sale, 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 filing with the SEC, which is accessible through the SEC website. In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of TJX Companies 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 in the company, valued at $51,053,982.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Louise Greenlees sold 2,694 shares of TJX Companies 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 sale, 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. Corporate insiders own 0.13% of the company’s stock.

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.