The TJX Companies, Inc. (NYSE:TJX) is Weybosset Research & Management LLC’s 4th Largest Position

Weybosset Research & Management LLC lessened its stake in The TJX Companies, Inc. (NYSE:TJX) by 1.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 143,868 shares of the apparel and home fashions retailer’s stock after selling 1,643 shares during the period. TJX Companies comprises 5.9% of Weybosset Research & Management LLC’s portfolio, making the stock its 4th largest holding. Weybosset Research & Management LLC’s holdings in TJX Companies were worth $17,381,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in TJX. MGO One Seven LLC lifted its stake in TJX Companies by 9.8% in the second quarter. MGO One Seven LLC now owns 26,571 shares of the apparel and home fashions retailer’s stock valued at $2,925,000 after buying an additional 2,380 shares during the last quarter. AdvisorShares Investments LLC acquired a new position in shares of TJX Companies in the 2nd quarter valued at $481,000. LPL Financial LLC boosted its stake in TJX Companies by 0.4% during the 2nd quarter. LPL Financial LLC now owns 842,405 shares of the apparel and home fashions retailer’s stock worth $92,749,000 after purchasing an additional 3,339 shares during the period. Qsemble Capital Management LP acquired a new stake in TJX Companies during the 2nd quarter worth $4,140,000. Finally, Achmea Investment Management B.V. grew its position 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 worth $26,666,000 after purchasing an additional 25,087 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Trading Down 0.5 %

TJX traded down $0.66 during trading on Friday, hitting $120.99. 864,688 shares of the company’s stock were exchanged, compared to its average volume of 3,966,078. The stock has a 50 day moving average price of $121.91 and a 200 day moving average price of $117.05. 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 firm has a market cap of $136.01 billion, a P/E ratio of 28.47, a price-to-earnings-growth ratio of 3.07 and a beta of 0.91.

TJX Companies (NYSE:TJX) last posted 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. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. During the same quarter last year, the firm earned $1.03 earnings per share. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on TJX shares. Wells Fargo & Company raised their price target on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday. Telsey Advisory Group restated an “outperform” rating and set a $134.00 price target on shares of TJX Companies in a research note on Friday, December 6th. Robert W. Baird lifted their price objective on shares of TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft raised their target price 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. Finally, TD Cowen increased their price target on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $131.17.

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.