Barlow Wealth Partners Inc. Takes $17.09 Million Position in The TJX Companies, Inc. (NYSE:TJX)

Barlow Wealth Partners Inc. purchased a new stake in The TJX Companies, Inc. (NYSE:TJX) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 182,179 shares of the apparel and home fashions retailer’s stock, valued at approximately $17,090,000. TJX Companies accounts for about 2.4% of Barlow Wealth Partners Inc.’s investment portfolio, making the stock its 10th largest holding.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TJX. Lindbrook Capital LLC raised its position in TJX Companies by 22.9% in the 3rd quarter. Lindbrook Capital LLC now owns 5,278 shares of the apparel and home fashions retailer’s stock worth $469,000 after purchasing an additional 983 shares during the period. Verdence Capital Advisors LLC lifted its stake in shares of TJX Companies by 7.0% in the 3rd quarter. Verdence Capital Advisors LLC now owns 7,016 shares of the apparel and home fashions retailer’s stock valued at $624,000 after acquiring an additional 456 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in TJX Companies by 8.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 409,501 shares of the apparel and home fashions retailer’s stock valued at $36,396,000 after acquiring an additional 31,434 shares during the period. BluePath Capital Management LLC bought a new position in TJX Companies during the 3rd quarter worth approximately $101,000. Finally, Crescent Grove Advisors LLC boosted its stake in shares of TJX Companies by 8.6% during the third quarter. Crescent Grove Advisors LLC now owns 3,292 shares of the apparel and home fashions retailer’s stock valued at $293,000 after purchasing an additional 260 shares during the period. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on TJX. UBS Group raised TJX Companies from a “neutral” rating to a “buy” rating and raised their target price for the stock from $104.00 to $132.00 in a research note on Thursday, May 2nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $105.00 target price on shares of TJX Companies in a research report on Wednesday, February 28th. The Goldman Sachs Group upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating and boosted their price target for the company from $100.00 to $110.00 in a research report on Thursday, April 25th. Redburn Atlantic cut TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price objective on the stock. in a research report on Monday, February 5th. Finally, BMO Capital Markets raised their target price on TJX Companies from $95.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $104.29.

Insiders Place Their Bets

In related news, CEO Ernie Herrman sold 20,000 shares of the 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 transaction, the chief executive officer now owns 515,801 shares in the company, valued at approximately $51,053,982.98. The sale was disclosed in a filing with the SEC, which is available through this link. In other TJX Companies news, EVP Louise Greenlees sold 2,694 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $98.83, for a total value of $266,248.02. Following the sale, the executive vice president now owns 50,273 shares in the company, valued at approximately $4,968,480.59. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 515,801 shares of the company’s stock, valued at $51,053,982.98. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

TJX Companies Trading Up 0.6 %

NYSE:TJX traded up $0.58 during midday trading on Wednesday, hitting $98.50. The stock had a trading volume of 4,411,094 shares, compared to its average volume of 5,084,401. 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 stock has a 50-day moving average of $96.86 and a 200 day moving average of $94.23. The company has a market capitalization of $111.60 billion, a price-to-earnings ratio of 25.31, a PEG ratio of 2.49 and a beta of 0.87. The TJX Companies, Inc. has a one year low of $75.65 and a one year high of $102.84.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.10. TJX Companies had a net margin of 8.25% and a return on equity of 64.18%. The firm had revenue of $16.41 billion for the quarter, compared to the consensus estimate of $16.20 billion. During the same quarter in the previous year, the firm earned $0.89 EPS. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. As a group, sell-side analysts forecast that The TJX Companies, Inc. will post 4.1 EPS for the current year.

TJX Companies Increases Dividend

The company also recently announced 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 is a positive change from TJX Companies’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.50 dividend on an annualized basis and a yield of 1.52%. TJX Companies’s dividend payout ratio (DPR) is 34.46%.

TJX Companies announced that its Board of Directors has approved a stock repurchase program on Wednesday, February 28th that authorizes the company to repurchase $2.50 billion in shares. This repurchase authorization authorizes the apparel and home fashions retailer to buy up to 2.2% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.

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.