TJX Companies Inc (NYSE:TJX) Stake Trimmed by Weybosset Research & Management LLC

Weybosset Research & Management LLC lowered its stake in TJX Companies Inc (NYSE:TJX) by 0.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 149,266 shares of the apparel and home fashions retailer’s stock after selling 441 shares during the quarter. TJX Companies makes up 4.8% of Weybosset Research & Management LLC’s investment portfolio, making the stock its 6th largest holding. Weybosset Research & Management LLC’s holdings in TJX Companies were worth $8,320,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of TJX. United Bank raised its position in TJX Companies by 7.9% in the first quarter. United Bank now owns 12,204 shares of the apparel and home fashions retailer’s stock valued at $649,000 after purchasing an additional 897 shares during the period. Bath Savings Trust Co increased its position in shares of TJX Companies by 2.0% during the second quarter. Bath Savings Trust Co now owns 405,849 shares of the apparel and home fashions retailer’s stock worth $21,461,000 after acquiring an additional 8,030 shares during the period. First Financial Bank Trust Division increased its position in shares of TJX Companies by 1.6% during the second quarter. First Financial Bank Trust Division now owns 150,616 shares of the apparel and home fashions retailer’s stock worth $7,965,000 after acquiring an additional 2,309 shares during the period. Park National Corp OH increased its position in shares of TJX Companies by 17.4% during the second quarter. Park National Corp OH now owns 122,960 shares of the apparel and home fashions retailer’s stock worth $6,502,000 after acquiring an additional 18,263 shares during the period. Finally, Beese Fulmer Investment Management Inc. purchased a new stake in shares of TJX Companies during the second quarter worth $4,122,000. 89.39% of the stock is currently owned by hedge funds and other institutional investors.

Shares of TJX stock traded up $0.80 on Tuesday, reaching $60.71. 68,743 shares of the stock were exchanged, compared to its average volume of 4,787,728. The company has a current ratio of 1.25, a quick ratio of 0.48 and a debt-to-equity ratio of 1.88. The business’s 50 day moving average price is $56.43 and its 200 day moving average price is $54.24. The company has a market capitalization of $72.79 billion, a price-to-earnings ratio of 28.75, a PEG ratio of 2.18 and a beta of 0.68. TJX Companies Inc has a twelve month low of $41.49 and a twelve month high of $60.89.

TJX Companies (NYSE:TJX) last issued its earnings results on Tuesday, August 20th. The apparel and home fashions retailer reported $0.62 EPS for the quarter, hitting analysts’ consensus estimates of $0.62. The firm had revenue of $9.78 billion during the quarter, compared to the consensus estimate of $9.89 billion. TJX Companies had a net margin of 7.66% and a return on equity of 57.64%. The company’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.17 earnings per share. Equities research analysts forecast that TJX Companies Inc will post 2.61 earnings per share for the current year.

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

A number of research firms have recently weighed in on TJX. UBS Group raised TJX Companies from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $41.00 to $58.00 in a research report on Tuesday, September 17th. Bank of America set a $65.00 price objective on TJX Companies and gave the stock a “buy” rating in a research report on Wednesday, August 21st. DA Davidson set a $65.00 price objective on TJX Companies and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Nomura upped their price objective on TJX Companies from $57.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. Finally, ValuEngine lowered TJX Companies from a “sell” rating to a “strong sell” rating in a research report on Monday, September 16th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $59.89.

TJX Companies Company 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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