The TJX Companies, Inc. $TJX Position Lessened by Hemenway Trust Co LLC

Hemenway Trust Co LLC decreased its holdings in The TJX Companies, Inc. (NYSE:TJX) by 3.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 312,586 shares of the apparel and home fashions retailer’s stock after selling 10,283 shares during the quarter. TJX Companies comprises approximately 3.5% of Hemenway Trust Co LLC’s investment portfolio, making the stock its 9th largest holding. Hemenway Trust Co LLC’s holdings in TJX Companies were worth $45,181,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of TJX Companies during the second quarter worth approximately $1,808,774,000. Laurel Wealth Advisors LLC raised its holdings in TJX Companies by 12,417.0% in the second quarter. Laurel Wealth Advisors LLC now owns 4,057,273 shares of the apparel and home fashions retailer’s stock valued at $501,033,000 after acquiring an additional 4,024,859 shares in the last quarter. Corient Private Wealth LLC boosted its stake in TJX Companies by 120.7% during the 2nd quarter. Corient Private Wealth LLC now owns 5,016,792 shares of the apparel and home fashions retailer’s stock valued at $620,406,000 after acquiring an additional 2,743,676 shares during the last quarter. ABN AMRO Bank N.V. acquired a new position in TJX Companies during the 2nd quarter worth $244,687,000. Finally, Raymond James Financial Inc. increased its position in shares of TJX Companies by 26.3% in the 2nd quarter. Raymond James Financial Inc. now owns 5,952,367 shares of the apparel and home fashions retailer’s stock worth $735,058,000 after purchasing an additional 1,238,124 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Up 0.2%

Shares of TJX Companies stock opened at $157.27 on Thursday. The stock has a market capitalization of $174.64 billion, a price-to-earnings ratio of 34.72, a PEG ratio of 3.00 and a beta of 0.74. The TJX Companies, Inc. has a twelve month low of $112.10 and a twelve month high of $159.48. The company has a current ratio of 1.09, a quick ratio of 0.43 and a debt-to-equity ratio of 0.20. The business’s 50 day simple moving average is $154.56 and its 200-day simple moving average is $146.40.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.06. TJX Companies had a return on equity of 58.30% and a net margin of 8.68%.The business had revenue of $15.12 billion during the quarter, compared to analyst estimates of $14.80 billion. During the same quarter in the previous year, the firm posted $1.14 EPS. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. Equities research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Thursday, February 12th will be issued a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, February 12th. This represents a $1.70 annualized dividend and a dividend yield of 1.1%. TJX Companies’s payout ratio is 37.53%.

Analyst Ratings Changes

Several equities analysts have recently commented on TJX shares. TD Cowen reaffirmed a “buy” rating on shares of TJX Companies in a research report on Thursday, November 20th. Guggenheim raised TJX Companies to a “strong-buy” rating in a report on Wednesday, December 10th. Bank of America lifted their target price on TJX Companies from $150.00 to $168.00 and gave the stock a “buy” rating in a research report on Thursday, November 20th. Telsey Advisory Group reissued an “outperform” rating and set a $170.00 price target on shares of TJX Companies in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft set a $184.00 price objective on TJX Companies in a research note on Thursday, January 8th. Two equities research analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the company. According to data from MarketBeat, TJX Companies currently has a consensus rating of “Buy” and a consensus price target of $163.86.

Insider Activity

In other TJX Companies news, CEO Ernie Herrman sold 24,363 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $151.31, for a total value of $3,686,365.53. Following the sale, the chief executive officer owned 510,780 shares in the company, valued at approximately $77,286,121.80. This trade represents a 4.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Amy B. Lane sold 500 shares of TJX Companies stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $151.40, for a total value of $75,700.00. Following the sale, the director directly owned 22,212 shares in the company, valued at approximately $3,362,896.80. This trade represents a 2.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.13% of the stock is currently owned by corporate insiders.

TJX Companies Company Profile

TJX Companies, Inc is a leading off-price retailer of apparel, footwear, home fashions and other consumer goods. The company operates multiple retail concepts that offer discounted brand-name and designer merchandise, including well-known banners such as T.J. Maxx and Marshalls in the United States, HomeGoods for home furnishings, TK Maxx in parts of Europe, and Winners and Homesense in Canada. Merchandise categories span women’s, men’s and children’s apparel, accessories, beauty, home décor, kitchenware and small furniture, with frequent changes in assortment that create a “treasure-hunt” shopping experience for consumers.

The company’s business model centers on opportunistic buying, purchasing excess, irregular or out-of-season inventory from manufacturers, department stores and other suppliers, and passing savings to customers through lower prices.