Barnes Dennig Private Wealth Management LLC Acquires New Stake in The TJX Companies, Inc. (NYSE:TJX)

Barnes Dennig Private Wealth Management LLC bought a new position in The TJX Companies, Inc. (NYSE:TJX - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 2,095 shares of the apparel and home fashions retailer's stock, valued at approximately $255,000.

Several other institutional investors have also recently made changes to their positions in the company. One Charles Private Wealth Services LLC grew its stake in TJX Companies by 5.0% in the fourth quarter. One Charles Private Wealth Services LLC now owns 1,805 shares of the apparel and home fashions retailer's stock worth $218,000 after purchasing an additional 86 shares during the period. Salem Investment Counselors Inc. lifted its position in TJX Companies by 2.2% during the first quarter. Salem Investment Counselors Inc. now owns 3,986 shares of the apparel and home fashions retailer's stock valued at $485,000 after buying an additional 86 shares during the period. Amplius Wealth Advisors LLC boosted its holdings in shares of TJX Companies by 4.2% during the 1st quarter. Amplius Wealth Advisors LLC now owns 2,324 shares of the apparel and home fashions retailer's stock valued at $283,000 after buying an additional 93 shares in the last quarter. Horizon Wealth Management LLC grew its position in shares of TJX Companies by 2.0% in the 1st quarter. Horizon Wealth Management LLC now owns 4,945 shares of the apparel and home fashions retailer's stock worth $602,000 after buying an additional 99 shares during the period. Finally, Balboa Wealth Partners grew its position in shares of TJX Companies by 3.0% in the 1st quarter. Balboa Wealth Partners now owns 3,405 shares of the apparel and home fashions retailer's stock worth $415,000 after buying an additional 99 shares during the period. Institutional investors own 91.09% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TJX shares. Robert W. Baird lifted their price target on shares of TJX Companies from $140.00 to $143.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Telsey Advisory Group reaffirmed an "outperform" rating and set a $145.00 target price on shares of TJX Companies in a research note on Wednesday, May 21st. Cowen reiterated a "buy" rating on shares of TJX Companies in a report on Tuesday, May 20th. JPMorgan Chase & Co. boosted their price target on TJX Companies from $130.00 to $145.00 and gave the stock an "overweight" rating in a research report on Monday, June 2nd. Finally, BMO Capital Markets restated an "outperform" rating on shares of TJX Companies in a research note on Wednesday, May 21st. One research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $141.53.

TJX Companies Stock Up 1.4%

Shares of TJX stock traded up $1.68 during mid-day trading on Tuesday, hitting $125.17. The company's stock had a trading volume of 5,078,603 shares, compared to its average volume of 5,193,618. The stock has a market cap of $139.83 billion, a price-to-earnings ratio of 29.45, a PEG ratio of 2.92 and a beta of 0.90. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.51 and a current ratio of 1.16. The TJX Companies, Inc. has a 52-week low of $107.71 and a 52-week high of $135.85. The business has a 50-day moving average price of $127.20 and a 200 day moving average price of $123.97.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, topping the consensus estimate of $0.90 by $0.02. The company had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $13.01 billion. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. TJX Companies's revenue for the quarter was up 5.1% on a year-over-year basis. During the same period last year, the company earned $0.93 EPS. Research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be issued a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 annualized dividend and a dividend yield of 1.36%. TJX Companies's payout ratio is 40.00%.

Insiders Place Their Bets

In related news, Director Amy B. Lane sold 950 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total value of $121,685.50. Following the sale, the director owned 22,712 shares in the company, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.13% of the stock is currently owned by company insiders.

TJX Companies Company 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.