Hurlow Wealth Management Group Inc. Grows Position in The TJX Companies, Inc. (NYSE:TJX)

Hurlow Wealth Management Group Inc. lifted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 84.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,999 shares of the apparel and home fashions retailer’s stock after buying an additional 3,200 shares during the period. Hurlow Wealth Management Group Inc.’s holdings in TJX Companies were worth $710,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Eagle Asset Management Inc. purchased a new position in shares of TJX Companies during the third quarter valued at approximately $2,923,000. Operose Advisors LLC increased its stake in TJX Companies by 92.7% in the third quarter. Operose Advisors LLC now owns 2,166 shares of the apparel and home fashions retailer’s stock worth $193,000 after purchasing an additional 1,042 shares during the period. O Shaughnessy Asset Management LLC lifted its position in shares of TJX Companies by 17.5% during the third quarter. O Shaughnessy Asset Management LLC now owns 109,428 shares of the apparel and home fashions retailer’s stock worth $9,726,000 after purchasing an additional 16,304 shares during the last quarter. Morse Asset Management Inc purchased a new stake in shares of TJX Companies during the third quarter valued at $231,000. Finally, Mather Group LLC. grew its holdings in shares of TJX Companies by 2.1% in the third quarter. Mather Group LLC. now owns 9,038 shares of the apparel and home fashions retailer’s stock worth $803,000 after purchasing an additional 182 shares during the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on TJX. Barclays boosted their price objective on shares of TJX Companies from $109.00 to $114.00 and gave the company an “overweight” rating in a research report on Thursday, May 23rd. The Goldman Sachs Group upgraded 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 report on Thursday, April 25th. Deutsche Bank Aktiengesellschaft set a $114.00 price objective on TJX Companies in a report on Tuesday, May 21st. Sanford C. Bernstein increased their price target on TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. Finally, UBS Group raised their price target on TJX Companies from $132.00 to $134.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Two investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $110.37.

Insider Transactions at TJX Companies

In other TJX Companies news, EVP Kenneth Canestrari sold 20,332 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $100.00, for a total transaction of $2,033,200.00. Following the sale, the executive vice president now owns 110,893 shares in the company, valued at approximately $11,089,300. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $102.17, for a total transaction of $2,043,400.00. Following the completion of the transaction, the chief executive officer now directly owns 571,148 shares in the company, valued at $58,354,191.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kenneth Canestrari sold 20,332 shares of the stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $100.00, for a total value of $2,033,200.00. Following the sale, the executive vice president now directly owns 110,893 shares in the company, valued at $11,089,300. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,003 shares of company stock worth $5,060,941. Company insiders own 0.13% of the company’s stock.

TJX Companies Stock Up 0.1 %

TJX stock traded up $0.07 on Thursday, hitting $110.61. 3,376,934 shares of the company’s stock were exchanged, compared to its average volume of 5,515,599. The firm has a 50 day moving average price of $101.79 and a two-hundred day moving average price of $97.98. The TJX Companies, Inc. has a 12-month low of $82.25 and a 12-month high of $111.79. The stock has a market cap of $125.01 billion, a P/E ratio of 27.36, a price-to-earnings-growth ratio of 2.96 and a beta of 0.87. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.61 and a current ratio of 1.23.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.06. The business had revenue of $12.48 billion for the quarter, compared to analyst estimates of $12.48 billion. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. The company’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.76 earnings per share. As a group, equities research analysts expect that The TJX Companies, Inc. will post 4.09 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.36%. TJX Companies’s dividend payout ratio is currently 37.22%.

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

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.