Weybosset Research & Management LLC Has $17.38 Million Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Weybosset Research & Management LLC decreased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 143,868 shares of the apparel and home fashions retailer’s stock after selling 1,643 shares during the quarter. TJX Companies makes up 5.9% of Weybosset Research & Management LLC’s holdings, making the stock its 4th largest holding. Weybosset Research & Management LLC’s holdings in TJX Companies were worth $17,381,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. MGO One Seven LLC increased its stake in TJX Companies by 9.8% during the second quarter. MGO One Seven LLC now owns 26,571 shares of the apparel and home fashions retailer’s stock worth $2,925,000 after acquiring an additional 2,380 shares during the last quarter. AdvisorShares Investments LLC bought a new position in TJX Companies during the second quarter valued at $481,000. LPL Financial LLC raised its stake in shares of TJX Companies by 0.4% in the second quarter. LPL Financial LLC now owns 842,405 shares of the apparel and home fashions retailer’s stock valued at $92,749,000 after acquiring an additional 3,339 shares during the period. Qsemble Capital Management LP purchased a new position in shares of TJX Companies during the 2nd quarter worth about $4,140,000. Finally, Achmea Investment Management B.V. grew its holdings in TJX Companies by 11.6% during the 2nd quarter. Achmea Investment Management B.V. now owns 242,199 shares of the apparel and home fashions retailer’s stock valued at $26,666,000 after purchasing an additional 25,087 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on TJX. Wells Fargo & Company boosted their target price on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research report on Friday. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $134.00 price target on shares of TJX Companies in a research note on Friday, December 6th. Guggenheim increased their price objective on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. TD Cowen upped their target price on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $131.17.

TJX Companies Trading Down 0.5 %

TJX Companies stock traded down $0.66 during trading on Friday, hitting $120.99. The company had a trading volume of 864,688 shares, compared to its average volume of 3,966,078. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00. 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 company’s 50 day simple moving average is $121.91 and its 200-day simple moving average is $117.05. The stock has a market cap of $136.01 billion, a price-to-earnings ratio of 28.47, a price-to-earnings-growth ratio of 3.07 and a beta of 0.91.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. The firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. TJX Companies’s revenue was up 6.0% compared to the same quarter last year. During the same period last year, the business posted $1.03 earnings per share. As a group, analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be paid a $0.375 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a yield of 1.24%. TJX Companies’s dividend payout ratio is currently 35.29%.

About TJX Companies

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.