Bar Harbor Wealth Management Sells 327 Shares of The TJX Companies, Inc. (NYSE:TJX)

Bar Harbor Wealth Management trimmed its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,278 shares of the apparel and home fashions retailer’s stock after selling 327 shares during the quarter. Bar Harbor Wealth Management’s holdings in TJX Companies were worth $12,336,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Bogart Wealth LLC bought a new position in TJX Companies during the 4th quarter worth approximately $25,000. Millstone Evans Group LLC purchased a new stake in TJX Companies in the 4th quarter worth approximately $30,000. Promus Capital LLC purchased a new stake in TJX Companies in the 4th quarter worth approximately $32,000. Tacita Capital Inc purchased a new stake in TJX Companies in the 4th quarter worth approximately $38,000. Finally, Rialto Wealth Management LLC lifted its holdings in TJX Companies by 105.9% in the 1st quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer’s stock worth $42,000 after buying an additional 179 shares during the period. 91.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on TJX shares. Telsey Advisory Group reiterated an “outperform” rating and issued a $145.00 price objective on shares of TJX Companies in a report on Wednesday, May 21st. TD Securities increased their price objective on TJX Companies from $140.00 to $142.00 and gave the stock a “buy” rating in a report on Tuesday, May 20th. Morgan Stanley set a $140.00 price objective on TJX Companies and gave the stock an “overweight” rating in a report on Thursday, May 22nd. Barclays reiterated an “overweight” rating and issued a $147.00 price objective (up previously from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. Finally, UBS Group reiterated a “buy” rating and issued a $164.00 price objective (up previously from $154.00) on shares of TJX Companies in a report on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $141.53.

TJX Companies Trading Down 0.2%

TJX Companies stock opened at $124.34 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The business’s fifty day simple moving average is $127.83 and its two-hundred day simple moving average is $124.22. The TJX Companies, Inc. has a 12 month low of $106.89 and a 12 month high of $135.85. The company has a market capitalization of $138.90 billion, a price-to-earnings ratio of 29.26, a price-to-earnings-growth ratio of 2.75 and a beta of 0.90.

TJX Companies (NYSE:TJX) last released its earnings results 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. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $13.11 billion for the quarter, compared to the consensus estimate of $13.01 billion. During the same period in the previous year, the company posted $0.93 earnings per share. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, equities analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be issued a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies’s dividend payout ratio (DPR) is 40.00%.

Insiders Place Their Bets

In other news, Director Amy B. Lane sold 950 shares of the company’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total transaction of $121,685.50. Following the transaction, the director now directly owns 22,712 shares of the company’s stock, valued at $2,909,180.08. This represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.13% of the company’s stock.

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.