Weybosset Research & Management LLC Sells 1,534 Shares of The TJX Companies, Inc. (NYSE:TJX)

Weybosset Research & Management LLC trimmed its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 145,511 shares of the apparel and home fashions retailer’s stock after selling 1,534 shares during the quarter. TJX Companies makes up 5.8% of Weybosset Research & Management LLC’s portfolio, making the stock its 4th biggest position. Weybosset Research & Management LLC’s holdings in TJX Companies were worth $17,103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in TJX. Campbell & CO Investment Adviser LLC acquired a new stake in shares of TJX Companies during the 4th quarter valued at approximately $400,000. Rafferty Asset Management LLC raised its holdings in shares of TJX Companies by 4.3% during the fourth quarter. Rafferty Asset Management LLC now owns 103,104 shares of the apparel and home fashions retailer’s stock worth $9,672,000 after purchasing an additional 4,217 shares during the period. Edge Capital Group LLC lifted its position in shares of TJX Companies by 12.5% in the 4th quarter. Edge Capital Group LLC now owns 4,851 shares of the apparel and home fashions retailer’s stock worth $455,000 after buying an additional 538 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of TJX Companies by 222.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 163,975 shares of the apparel and home fashions retailer’s stock valued at $15,382,000 after buying an additional 113,074 shares during the period. Finally, Cetera Advisor Networks LLC boosted its holdings in shares of TJX Companies by 21.8% in the 4th quarter. Cetera Advisor Networks LLC now owns 111,600 shares of the apparel and home fashions retailer’s stock valued at $10,469,000 after buying an additional 19,940 shares during the period. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Stock Down 0.2 %

Shares of TJX Companies stock opened at $116.45 on Thursday. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37. The TJX Companies, Inc. has a 12-month low of $86.71 and a 12-month high of $121.13. The firm has a market capitalization of $131.34 billion, a PE ratio of 28.90, a price-to-earnings-growth ratio of 2.97 and a beta of 0.89. The stock’s fifty day moving average is $115.51 and its 200-day moving average is $107.35.

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

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s payout ratio is 37.22%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TJX. BMO Capital Markets raised their target price on shares of TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Robert W. Baird upped their price objective on TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Morgan Stanley raised their target price on TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Sunday, September 15th. Finally, Barclays increased 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 equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, TJX Companies has an average rating of “Moderate Buy” and an average target price of $126.76.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total value of $1,763,100.00. Following the completion of the sale, the chief executive officer now owns 536,148 shares of the company’s stock, valued at $63,018,835.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.13% of the company’s stock.

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.