Chesapeake Wealth Management Trims Holdings in The TJX Companies, Inc. (NYSE:TJX)

Chesapeake Wealth Management reduced its stake in The TJX Companies, Inc. (NYSE:TJX) by 9.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,770 shares of the apparel and home fashions retailer’s stock after selling 1,405 shares during the quarter. Chesapeake Wealth Management’s holdings in TJX Companies were worth $1,406,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of TJX. Running Oak Capital LLC increased its position in TJX Companies by 10.9% during the first quarter. Running Oak Capital LLC now owns 111,987 shares of the apparel and home fashions retailer’s stock worth $11,358,000 after purchasing an additional 11,036 shares during the last quarter. New Mexico Educational Retirement Board increased its holdings in shares of TJX Companies by 15.9% during the 1st quarter. New Mexico Educational Retirement Board now owns 69,380 shares of the apparel and home fashions retailer’s stock worth $7,037,000 after buying an additional 9,500 shares during the last quarter. Options Solutions LLC purchased a new stake in shares of TJX Companies during the 4th quarter valued at approximately $726,000. Advisors Capital Management LLC lifted its holdings in TJX Companies by 3.7% in the first quarter. Advisors Capital Management LLC now owns 572,324 shares of the apparel and home fashions retailer’s stock valued at $58,045,000 after acquiring an additional 20,629 shares during the last quarter. Finally, Evoke Wealth LLC grew its position in TJX Companies by 55.2% in the fourth quarter. Evoke Wealth LLC now owns 122,100 shares of the apparel and home fashions retailer’s stock worth $11,454,000 after acquiring an additional 43,405 shares during the period. 91.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TJX has been the topic of a number of research analyst reports. Bank of America lifted their target price on TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Citigroup lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $110.00 to $128.00 in a report on Thursday, August 22nd. Evercore ISI increased their target price on shares of TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. TD Cowen lifted their price target on shares of TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Finally, Barclays upped their price objective on shares of TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, TJX Companies has a consensus rating of “Moderate Buy” and an average target price of $126.76.

TJX Companies Stock Down 0.3 %

Shares of NYSE TJX opened at $117.90 on Friday. The stock has a market cap of $133.24 billion, a P/E ratio of 29.26, a PEG ratio of 3.02 and a beta of 0.89. The business’s fifty day simple moving average is $114.83 and its 200-day simple moving average is $106.15. The TJX Companies, Inc. has a 12-month low of $86.71 and a 12-month high of $121.13. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.04. The company had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. TJX Companies’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.85 EPS. As a group, equities analysts predict that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be paid a $0.375 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a yield of 1.27%. TJX Companies’s dividend payout ratio is currently 37.22%.

Insiders Place Their Bets

In other news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total value of $1,763,100.00. Following the sale, the chief executive officer now directly owns 536,148 shares in the company, valued at approximately $63,018,835.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is currently owned by company insiders.

TJX Companies Profile

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.