Bar Harbor Wealth Management Has $12.28 Million Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Bar Harbor Wealth Management raised its position in The TJX Companies, Inc. (NYSE:TJX) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 101,605 shares of the apparel and home fashions retailer’s stock after buying an additional 1,172 shares during the period. Bar Harbor Wealth Management’s holdings in TJX Companies were worth $12,275,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Claro Advisors LLC grew its position in TJX Companies by 18.3% during the 4th quarter. Claro Advisors LLC now owns 23,066 shares of the apparel and home fashions retailer’s stock worth $2,787,000 after acquiring an additional 3,570 shares during the last quarter. Clean Yield Group grew its holdings in shares of TJX Companies by 273.2% during the fourth quarter. Clean Yield Group now owns 1,101 shares of the apparel and home fashions retailer’s stock worth $133,000 after purchasing an additional 806 shares during the last quarter. Cooper Financial Group raised its holdings in shares of TJX Companies by 28.9% in the fourth quarter. Cooper Financial Group now owns 2,448 shares of the apparel and home fashions retailer’s stock valued at $296,000 after buying an additional 549 shares during the last quarter. Wedmont Private Capital lifted its position in TJX Companies by 7.4% during the 4th quarter. Wedmont Private Capital now owns 15,285 shares of the apparel and home fashions retailer’s stock worth $1,835,000 after buying an additional 1,052 shares in the last quarter. Finally, Asset Allocation & Management Company LLC bought a new stake in TJX Companies during the 4th quarter worth about $483,000. 91.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TJX. Jefferies Financial Group upped their target price on shares of TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Guggenheim increased their price objective on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Robert W. Baird upped their price target on TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Finally, Evercore ISI upped their target price on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, TJX Companies currently has an average rating of “Moderate Buy” and an average target price of $131.33.

TJX Companies Stock Down 0.1 %

NYSE TJX traded down $0.10 during trading hours on Monday, hitting $119.96. 2,648,175 shares of the company traded hands, compared to its average volume of 4,225,676. The stock has a market capitalization of $134.85 billion, a price-to-earnings ratio of 28.23, a P/E/G ratio of 3.07 and a beta of 0.91. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00. The business’s 50-day moving average is $122.06 and its 200-day moving average is $117.21. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. During the same period last year, the business earned $1.03 earnings per share. The firm’s revenue was up 6.0% on a year-over-year basis. Sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Thursday, February 13th. TJX Companies’s payout ratio is currently 35.29%.

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.