Hendershot Investments Inc. Has $11.59 Million Holdings in TJX Companies Inc (TJX)

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Hendershot Investments Inc. raised its position in TJX Companies Inc (NYSE:TJX) by 6.9% in the first quarter, HoldingsChannel reports. The institutional investor owned 217,745 shares of the apparel and home fashions retailer’s stock after purchasing an additional 14,100 shares during the period. TJX Companies accounts for about 4.0% of Hendershot Investments Inc.’s portfolio, making the stock its 4th largest position. Hendershot Investments Inc.’s holdings in TJX Companies were worth $11,586,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of TJX Companies by 113.3% during the fourth quarter. BlackRock Inc. now owns 90,260,028 shares of the apparel and home fashions retailer’s stock worth $4,038,232,000 after purchasing an additional 47,939,993 shares in the last quarter. FMR LLC increased its stake in shares of TJX Companies by 106.0% during the fourth quarter. FMR LLC now owns 51,478,425 shares of the apparel and home fashions retailer’s stock worth $2,303,144,000 after purchasing an additional 26,485,840 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of TJX Companies by 13,963.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 26,176,882 shares of the apparel and home fashions retailer’s stock worth $585,000 after purchasing an additional 25,990,744 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of TJX Companies by 77.9% during the fourth quarter. Bank of New York Mellon Corp now owns 33,050,653 shares of the apparel and home fashions retailer’s stock worth $1,478,686,000 after purchasing an additional 14,469,980 shares in the last quarter. Finally, Norges Bank acquired a new position in TJX Companies during the fourth quarter worth about $545,373,000. 88.99% of the stock is owned by institutional investors.

A number of research firms recently weighed in on TJX. Zacks Investment Research upgraded shares of TJX Companies from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research report on Wednesday, May 1st. Argus boosted their price target on shares of TJX Companies to $62.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Robert W. Baird assumed coverage on shares of TJX Companies in a research report on Monday, May 13th. They set an “outperform” rating and a $63.00 price target on the stock. Nomura boosted their target price on shares of TJX Companies from $55.00 to $57.00 and gave the company a “buy” rating in a report on Wednesday, May 22nd. Finally, Credit Suisse Group boosted their target price on shares of TJX Companies from $55.00 to $56.00 and gave the company a “neutral” rating in a report on Wednesday, May 22nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eighteen have given a buy rating to the company. TJX Companies presently has an average rating of “Buy” and an average price target of $55.90.

In other news, EVP Richard Sherr sold 43,000 shares of the business’s stock in a transaction that occurred on 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 approximately $6,419,728.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Scott Goldenberg sold 37,248 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $53.90, for a total transaction of $2,007,667.20. Following the completion of the sale, the chief financial officer now directly owns 195,712 shares in the company, valued at $10,548,876.80. The disclosure for this sale can be found here. Insiders sold a total of 110,978 shares of company stock worth $6,009,020 over the last three months. Insiders own 0.18% of the company’s stock.

TJX Companies stock opened at $51.62 on Monday. The company has a market capitalization of $62.71 billion, a PE ratio of 24.46, a P/E/G ratio of 1.80 and a beta of 0.66. TJX Companies Inc has a 1 year low of $41.49 and a 1 year high of $56.64. The company has a current ratio of 1.23, a quick ratio of 0.46 and a debt-to-equity ratio of 1.92.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Tuesday, May 21st. The apparel and home fashions retailer reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. The business had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.21 billion. TJX Companies had a net margin of 7.69% and a return on equity of 57.47%. The business’s revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.13 EPS. On average, research analysts forecast that TJX Companies Inc will post 2.62 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 16th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.78%. 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 payout ratio is 43.60%.

TJX Companies announced that its board has initiated a share repurchase plan on Wednesday, February 27th that authorizes the company to repurchase $2.25 billion in outstanding shares. This repurchase authorization authorizes the apparel and home fashions retailer to repurchase up to 3.6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

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TJX Companies Profile

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, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry and accessories; footwear; and other merchandise.

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

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