The TJX Companies, Inc. $TJX Stock Holdings Reduced by Somerville Kurt F

Somerville Kurt F lessened its holdings in The TJX Companies, Inc. (NYSE:TJX) by 3.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 130,658 shares of the apparel and home fashions retailer’s stock after selling 4,915 shares during the period. TJX Companies accounts for approximately 3.1% of Somerville Kurt F’s portfolio, making the stock its 10th largest holding. Somerville Kurt F’s holdings in TJX Companies were worth $18,885,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in TJX. Lavaca Capital LLC acquired a new position in TJX Companies in the second quarter valued at $25,000. Highline Wealth Partners LLC boosted its stake in shares of TJX Companies by 65.0% in the third quarter. Highline Wealth Partners LLC now owns 231 shares of the apparel and home fashions retailer’s stock valued at $33,000 after purchasing an additional 91 shares during the period. Howard Hughes Medical Institute purchased a new stake in shares of TJX Companies during the second quarter worth about $30,000. Legacy Investment Solutions LLC acquired a new position in shares of TJX Companies in the 2nd quarter valued at approximately $32,000. Finally, Capital A Wealth Management LLC boosted its stake in shares of TJX Companies by 776.7% during the 2nd quarter. Capital A Wealth Management LLC now owns 263 shares of the apparel and home fashions retailer’s stock valued at $32,000 after buying an additional 233 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TJX. Wells Fargo & Company reaffirmed a “positive” rating and set a $150.00 target price (up previously from $145.00) on shares of TJX Companies in a report on Tuesday, December 16th. Jefferies Financial Group reissued a “buy” rating and issued a $170.00 price target on shares of TJX Companies in a research note on Tuesday, November 11th. JPMorgan Chase & Co. boosted their target price on TJX Companies from $150.00 to $154.00 and gave the stock an “overweight” rating in a report on Thursday, November 20th. Deutsche Bank Aktiengesellschaft set a $184.00 price target on shares of TJX Companies in a report on Thursday, January 8th. Finally, Wall Street Zen upgraded TJX Companies from a “hold” rating to a “buy” rating in a report on Sunday, January 11th. Two investment 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.com, TJX Companies has an average rating of “Buy” and a consensus target price of $163.86.

TJX Companies Stock Performance

TJX Companies stock traded up $1.42 during mid-day trading on Friday, reaching $157.93. The company had a trading volume of 644,862 shares, compared to its average volume of 5,368,813. The TJX Companies, Inc. has a 52 week low of $112.10 and a 52 week high of $159.48. The company has a quick ratio of 0.43, a current ratio of 1.09 and a debt-to-equity ratio of 0.20. The firm has a market cap of $175.38 billion, a price-to-earnings ratio of 34.67, a PEG ratio of 3.01 and a beta of 0.74. The company has a 50 day moving average of $154.58 and a 200-day moving average of $146.47.

TJX Companies (NYSE:TJX) last announced 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 net margin of 8.68% and a return on equity of 58.30%. The company had revenue of $15.12 billion during the quarter, compared to analysts’ expectations of $14.80 billion. During the same quarter in the prior year, the company posted $1.14 EPS. The business’s revenue was up 7.5% on a year-over-year basis. On average, sell-side analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

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

TJX Companies 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.