The TJX Companies, Inc. (NYSE:TJX) Stock Holdings Lessened by Chesapeake Wealth Management

Chesapeake Wealth Management cut its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,322 shares of the apparel and home fashions retailer’s stock after selling 115 shares during the period. Chesapeake Wealth Management’s holdings in TJX Companies were worth $1,489,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Ballentine Partners LLC increased its stake in shares of TJX Companies by 3.1% in the fourth quarter. Ballentine Partners LLC now owns 30,210 shares of the apparel and home fashions retailer’s stock worth $3,650,000 after acquiring an additional 914 shares during the last quarter. Pure Financial Advisors LLC grew its stake in TJX Companies by 5.2% in the fourth quarter. Pure Financial Advisors LLC now owns 7,592 shares of the apparel and home fashions retailer’s stock valued at $917,000 after purchasing an additional 372 shares in the last quarter. Central Bank & Trust Co. grew its stake in TJX Companies by 9.1% in the fourth quarter. Central Bank & Trust Co. now owns 18,755 shares of the apparel and home fashions retailer’s stock valued at $2,266,000 after purchasing an additional 1,569 shares in the last quarter. Cove Private Wealth LLC acquired a new position in TJX Companies in the 4th quarter worth about $615,000. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of TJX Companies by 69.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 10,963 shares of the apparel and home fashions retailer’s stock worth $1,324,000 after purchasing an additional 4,486 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Up 0.4 %

NYSE TJX opened at $121.89 on Tuesday. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00. The stock has a market cap of $137.03 billion, a PE ratio of 28.68, a PEG ratio of 2.98 and a beta of 0.91. The firm has a 50-day simple moving average of $122.56 and a 200 day simple moving average of $117.56. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. The company had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the company earned $1.03 EPS. On average, research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s payout ratio is 35.29%.

Analysts Set New Price Targets

Several equities research analysts recently commented on TJX shares. Robert W. Baird boosted their price target on TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Guggenheim boosted their target price on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Jefferies Financial Group raised their price target on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Wells Fargo & Company increased their target price on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. Finally, UBS Group raised their target price on TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a report on Friday, January 10th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $131.33.

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.