Welch & Forbes LLC Sells 1,562 Shares of TJX Companies Inc (TJX)

Welch & Forbes LLC lessened its stake in TJX Companies Inc (NYSE:TJX) by 0.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 322,718 shares of the apparel and home fashions retailer’s stock after selling 1,562 shares during the period. Welch & Forbes LLC owned about 0.05% of TJX Companies worth $36,151,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in TJX. Verity & Verity LLC raised its stake in TJX Companies by 3.5% in the 3rd quarter. Verity & Verity LLC now owns 24,497 shares of the apparel and home fashions retailer’s stock valued at $2,744,000 after purchasing an additional 830 shares during the last quarter. Global Trust Asset Management LLC raised its stake in TJX Companies by 38.1% in the 3rd quarter. Global Trust Asset Management LLC now owns 11,626 shares of the apparel and home fashions retailer’s stock valued at $1,302,000 after purchasing an additional 3,210 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in TJX Companies by 10.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 259,580 shares of the apparel and home fashions retailer’s stock valued at $29,071,000 after purchasing an additional 24,198 shares during the last quarter. Andra AP fonden raised its stake in TJX Companies by 4.9% in the 3rd quarter. Andra AP fonden now owns 96,000 shares of the apparel and home fashions retailer’s stock valued at $10,754,000 after purchasing an additional 4,500 shares during the last quarter. Finally, First Hawaiian Bank acquired a new position in TJX Companies in the 3rd quarter valued at $4,346,000. 89.78% of the stock is owned by institutional investors and hedge funds.

Several research firms recently commented on TJX. Citigroup increased their price objective on TJX Companies from $111.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday. Cowen set a $125.00 target price on TJX Companies and gave the stock a “buy” rating in a research note on Tuesday, September 25th. DA Davidson initiated coverage on TJX Companies in a research note on Tuesday, September 25th. They issued a “buy” rating and a $130.00 target price for the company. Barclays initiated coverage on TJX Companies in a research note on Tuesday, September 11th. They issued an “equal weight” rating and a $117.00 target price for the company. Finally, Goldman Sachs Group initiated coverage on TJX Companies in a research note on Monday, September 3rd. They issued a “buy” rating and a $126.00 target price for the company. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $108.12.

Shares of NYSE TJX traded down $2.30 during mid-day trading on Wednesday, reaching $109.95. 60,170 shares of the company’s stock were exchanged, compared to its average volume of 3,762,810. The stock has a market cap of $69.54 billion, a PE ratio of 27.40, a P/E/G ratio of 2.09 and a beta of 0.71. The company has a current ratio of 1.64, a quick ratio of 0.77 and a debt-to-equity ratio of 0.43. TJX Companies Inc has a 52-week low of $66.44 and a 52-week high of $113.28.

TJX Companies shares are going to split on Monday, November 5th. The 2-1 split was announced on Monday, September 17th. The newly created shares will be distributed to shareholders after the closing bell on Tuesday, November 6th.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Tuesday, August 21st. The apparel and home fashions retailer reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.12. The business had revenue of $9.33 billion during the quarter, compared to analysts’ expectations of $8.99 billion. TJX Companies had a return on equity of 58.66% and a net margin of 7.88%. The company’s revenue was up 11.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.85 EPS. Research analysts predict that TJX Companies Inc will post 4.92 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 6th. Stockholders of record on Thursday, November 15th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend is Wednesday, November 14th. TJX Companies’s dividend payout ratio is presently 38.61%.

About TJX Companies

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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, accent furniture, lamps, rugs, wall décor, decorative accessories, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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