Chesley Taft & Associates LLC Reduces Stock Holdings in TJX Companies Inc (NYSE:TJX)

Chesley Taft & Associates LLC trimmed its holdings in shares of TJX Companies Inc (NYSE:TJX) by 1.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,560 shares of the apparel and home fashions retailer’s stock after selling 692 shares during the quarter. Chesley Taft & Associates LLC’s holdings in TJX Companies were worth $3,320,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. Krane Funds Advisors LLC acquired a new position in shares of TJX Companies in the second quarter valued at $25,000. Prestige Wealth Management Group LLC purchased a new position in shares of TJX Companies in the 2nd quarter valued at about $25,000. Capital Advisors Ltd. LLC increased its stake in shares of TJX Companies by 202.6% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 587 shares of the apparel and home fashions retailer’s stock valued at $31,000 after purchasing an additional 393 shares in the last quarter. Westside Investment Management Inc. purchased a new position in shares of TJX Companies in the 2nd quarter valued at about $37,000. Finally, Manchester Financial Inc. purchased a new position in shares of TJX Companies in the 2nd quarter valued at about $37,000. Hedge funds and other institutional investors own 89.16% of the company’s stock.

A number of research firms have recently issued reports on TJX. Argus restated a “buy” rating on shares of TJX Companies in a research report on Wednesday, July 3rd. UBS Group upgraded TJX Companies from a “sell” rating to a “neutral” rating and upped their price target for the company from $41.00 to $58.00 in a research report on Tuesday, September 17th. Bank of America set a $65.00 price target on TJX Companies and gave the company a “buy” rating in a research report on Wednesday, August 21st. Cowen set a $62.00 price target on TJX Companies and gave the company a “buy” rating in a research report on Tuesday, August 20th. Finally, Zacks Investment Research upgraded TJX Companies from a “sell” rating to a “hold” rating and set a $57.00 price target for the company in a research report on Friday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $59.22.

TJX traded up $0.40 during trading hours on Monday, reaching $55.69. The company’s stock had a trading volume of 84,166 shares, compared to its average volume of 5,143,469. TJX Companies Inc has a fifty-two week low of $41.49 and a fifty-two week high of $57.31. The stock has a market cap of $65.26 billion, a PE ratio of 26.40, a P/E/G ratio of 1.95 and a beta of 0.68. The business’s 50-day moving average is $54.69 and its 200-day moving average is $53.77. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.25 and a quick ratio of 0.48.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Tuesday, August 20th. The apparel and home fashions retailer reported $0.62 EPS for the quarter, meeting analysts’ consensus estimates of $0.62. TJX Companies had a return on equity of 57.64% and a net margin of 7.66%. The firm had revenue of $9.78 billion for the quarter, compared to analysts’ expectations of $9.89 billion. During the same period in the prior year, the firm posted $1.17 earnings per share. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. Analysts expect that TJX Companies Inc will post 2.61 EPS for the current year.

The firm also recently disclosed a — dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be issued a $0.23 dividend. This represents a yield of 1.7%. The ex-dividend date of this dividend is Wednesday, November 13th. TJX Companies’s dividend payout ratio is presently 43.60%.

TJX Companies Profile

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; jewelry and accessories; footwear; and other merchandise.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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