Weybosset Research & Management LLC Grows Holdings in TJX Companies Inc (NYSE:TJX)

Weybosset Research & Management LLC increased its stake in shares of TJX Companies Inc (NYSE:TJX) by 0.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 149,707 shares of the apparel and home fashions retailer’s stock after purchasing an additional 350 shares during the quarter. TJX Companies makes up 4.6% of Weybosset Research & Management LLC’s holdings, making the stock its 8th biggest position. Weybosset Research & Management LLC’s holdings in TJX Companies were worth $7,917,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC grew its position in TJX Companies by 4.0% in the 1st quarter. FMR LLC now owns 53,531,356 shares of the apparel and home fashions retailer’s stock valued at $2,848,403,000 after acquiring an additional 2,052,931 shares during the last quarter. Northern Trust Corp grew its position in TJX Companies by 2.4% in the 1st quarter. Northern Trust Corp now owns 18,119,245 shares of the apparel and home fashions retailer’s stock valued at $964,125,000 after acquiring an additional 428,865 shares during the last quarter. Geode Capital Management LLC grew its position in TJX Companies by 115.8% in the 4th quarter. Geode Capital Management LLC now owns 17,734,026 shares of the apparel and home fashions retailer’s stock valued at $792,161,000 after acquiring an additional 9,515,682 shares during the last quarter. Fiera Capital Corp grew its position in TJX Companies by 5.3% in the 1st quarter. Fiera Capital Corp now owns 12,587,070 shares of the apparel and home fashions retailer’s stock valued at $669,759,000 after acquiring an additional 638,947 shares during the last quarter. Finally, American Century Companies Inc. grew its position in TJX Companies by 85.5% in the 4th quarter. American Century Companies Inc. now owns 12,276,969 shares of the apparel and home fashions retailer’s stock valued at $549,272,000 after acquiring an additional 5,659,944 shares during the last quarter. 88.73% of the stock is currently owned by hedge funds and other institutional investors.

In other TJX Companies news, EVP Richard Sherr sold 1,480 shares of the company’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $51.35, for a total value of $75,998.00. Following the completion of the sale, the executive vice president now directly owns 117,228 shares in the company, valued at approximately $6,019,657.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director David T. Ching sold 20,000 shares of the company’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $52.20, for a total value of $1,044,000.00. Following the completion of the sale, the director now owns 28,771 shares of the company’s stock, valued at $1,501,846.20. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate insiders.

Several equities analysts have commented on the company. Cowen set a $63.00 price objective on TJX Companies and gave the company a “buy” rating in a research report on Tuesday, June 4th. Zacks Investment Research raised TJX Companies from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research report on Friday, May 24th. ValuEngine downgraded TJX Companies from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Credit Suisse Group upped their price objective on TJX Companies from $55.00 to $56.00 and gave the company a “neutral” rating in a research report on Wednesday, May 22nd. Finally, MKM Partners upped their price objective on TJX Companies to $62.00 in a research report on Thursday, May 23rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $58.34.

Shares of TJX stock traded down $2.11 during mid-day trading on Thursday, hitting $52.46. The stock had a trading volume of 5,020,881 shares, compared to its average volume of 4,282,329. TJX Companies Inc has a 12-month low of $41.49 and a 12-month high of $57.15. The firm has a market capitalization of $67.23 billion, a price-to-earnings ratio of 24.86, a P/E/G ratio of 1.94 and a beta of 0.72. The stock has a 50-day moving average of $54.35. The company has a quick ratio of 0.46, a current ratio of 1.23 and a debt-to-equity ratio of 1.92.

TJX Companies (NYSE:TJX) last issued its earnings results on Tuesday, May 21st. The apparel and home fashions retailer reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.02. TJX Companies had a return on equity of 57.47% and a net margin of 7.69%. The business had revenue of $9.28 billion during the quarter, compared to analysts’ expectations of $9.21 billion. During the same period in the prior year, the business earned $1.13 EPS. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. Sell-side analysts predict that TJX Companies Inc will post 2.63 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Wednesday, August 14th. TJX Companies’s dividend payout ratio is 43.60%.

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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