McKinley Carter Wealth Services Inc. Has $7.77 Million Stock Position in The TJX Companies, Inc. (NYSE:TJX)

McKinley Carter Wealth Services Inc. boosted its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 10.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 82,849 shares of the apparel and home fashions retailer's stock after acquiring an additional 7,924 shares during the period. McKinley Carter Wealth Services Inc.'s holdings in TJX Companies were worth $7,772,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of TJX. Capital Insight Partners LLC boosted its stake in shares of TJX Companies by 10.2% during the third quarter. Capital Insight Partners LLC now owns 20,427 shares of the apparel and home fashions retailer's stock worth $1,816,000 after buying an additional 1,883 shares during the period. Yousif Capital Management LLC grew its stake in shares of TJX Companies by 0.3% in the 3rd quarter. Yousif Capital Management LLC now owns 184,972 shares of the apparel and home fashions retailer's stock valued at $16,440,000 after purchasing an additional 538 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of TJX Companies by 3.0% in the third quarter. Fifth Third Bancorp now owns 991,077 shares of the apparel and home fashions retailer's stock valued at $88,087,000 after purchasing an additional 29,253 shares during the period. Patton Fund Management Inc. raised its stake in shares of TJX Companies by 125.1% during the third quarter. Patton Fund Management Inc. now owns 45,617 shares of the apparel and home fashions retailer's stock worth $4,054,000 after purchasing an additional 25,350 shares during the last quarter. Finally, Peregrine Asset Advisers Inc. acquired a new stake in shares of TJX Companies during the third quarter worth $226,000. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Trading Down 0.1 %

NYSE:TJX traded down $0.10 on Friday, reaching $98.81. The stock had a trading volume of 2,906,111 shares, compared to its average volume of 5,216,624. The company has a market cap of $111.95 billion, a price-to-earnings ratio of 25.60, a P/E/G ratio of 2.53 and a beta of 0.87. The TJX Companies, Inc. has a 12-month low of $75.65 and a 12-month high of $102.84. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.21 and a quick ratio of 0.64. The firm's fifty day moving average is $96.81 and its two-hundred day moving average is $94.40.

TJX Companies (NYSE:TJX - Get Free Report) last released its earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, topping 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 firm had revenue of $16.41 billion during the quarter, compared to analysts' expectations of $16.20 billion. During the same period in the previous year, the company earned $0.89 EPS. TJX Companies's revenue for the quarter was up 13.0% on a year-over-year basis. Equities analysts expect that The TJX Companies, Inc. will post 4.1 EPS for the current fiscal year.

TJX Companies declared that its board has authorized a share buyback 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 reacquire up to 2.2% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

TJX Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 16th will be given a dividend of $0.375 per share. This is a positive change from TJX Companies's previous quarterly dividend of $0.33. The ex-dividend date is Wednesday, May 15th. This represents a $1.50 annualized dividend and a yield of 1.52%. TJX Companies's dividend payout ratio is 38.86%.

Insiders Place Their Bets

In related news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction on Thursday, March 21st. The stock was 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 directly owns 515,801 shares of the company's stock, valued at approximately $51,053,982.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 transaction of $1,979,600.00. Following the transaction, the chief executive officer now directly owns 515,801 shares of the company's stock, valued at $51,053,982.98. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Louise Greenlees sold 2,694 shares of the stock in a transaction on Friday, March 1st. The stock was 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 of the company's stock, valued at approximately $4,968,480.59. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on TJX shares. Telsey Advisory Group restated an "outperform" rating and set a $105.00 price objective on shares of TJX Companies in a research report on Wednesday, February 28th. UBS Group upgraded shares of TJX Companies from a "neutral" rating to a "buy" rating and raised their price objective for the company from $104.00 to $132.00 in a research report on Thursday, May 2nd. The Goldman Sachs Group upgraded TJX Companies from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $100.00 to $110.00 in a research report on Thursday, April 25th. Redburn Atlantic downgraded TJX Companies from a "buy" rating to a "neutral" rating and set a $100.00 price target on the stock. in a research note on Monday, February 5th. Finally, BMO Capital Markets increased their price objective on TJX Companies from $95.00 to $110.00 and gave the stock an "outperform" rating in a research report on Thursday, February 29th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, TJX Companies presently has a consensus rating of "Moderate Buy" and a consensus target price of $104.29.

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.