The TJX Companies, Inc. $TJX is Hemenway Trust Co LLC’s 9th Largest Position

Hemenway Trust Co LLC cut its holdings in The TJX Companies, Inc. (NYSE:TJX) by 3.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 312,586 shares of the apparel and home fashions retailer’s stock after selling 10,283 shares during the period. TJX Companies comprises about 3.5% of Hemenway Trust Co LLC’s holdings, making the stock its 9th largest position. Hemenway Trust Co LLC’s holdings in TJX Companies were worth $45,181,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of Nova Scotia grew its holdings in shares of TJX Companies by 129.9% during the second quarter. Bank of Nova Scotia now owns 269,813 shares of the apparel and home fashions retailer’s stock worth $33,319,000 after buying an additional 152,453 shares in the last quarter. Empowered Funds LLC grew its stake in TJX Companies by 66.6% in the 2nd quarter. Empowered Funds LLC now owns 76,998 shares of the apparel and home fashions retailer’s stock worth $9,508,000 after acquiring an additional 30,779 shares during the period. Rheos Capital Works Inc. raised its holdings in TJX Companies by 26.0% in the 3rd quarter. Rheos Capital Works Inc. now owns 370,000 shares of the apparel and home fashions retailer’s stock valued at $53,480,000 after acquiring an additional 76,400 shares during the last quarter. Wealthfront Advisers LLC lifted its stake in shares of TJX Companies by 4.9% during the 3rd quarter. Wealthfront Advisers LLC now owns 171,820 shares of the apparel and home fashions retailer’s stock worth $24,835,000 after purchasing an additional 8,006 shares during the period. Finally, Savoir Faire Capital Management L.P. boosted its holdings in shares of TJX Companies by 45.7% during the third quarter. Savoir Faire Capital Management L.P. now owns 81,361 shares of the apparel and home fashions retailer’s stock worth $11,760,000 after purchasing an additional 25,534 shares during the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Price Performance

TJX Companies stock opened at $157.27 on Thursday. The firm has a fifty day moving average of $154.56 and a 200-day moving average of $146.40. The TJX Companies, Inc. has a 52-week low of $112.10 and a 52-week high of $159.48. The company has a quick ratio of 0.43, a current ratio of 1.09 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $174.64 billion, a P/E ratio of 34.72, a PEG ratio of 3.00 and a beta of 0.74.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.06. TJX Companies had a net margin of 8.68% and a return on equity of 58.30%. The business had revenue of $15.12 billion for the quarter, compared to analyst estimates of $14.80 billion. During the same quarter in the previous year, the business posted $1.14 EPS. The business’s quarterly revenue was up 7.5% on a year-over-year basis. As a group, analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Investors of record on Thursday, February 12th will be issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Thursday, February 12th. TJX Companies’s dividend payout ratio (DPR) is presently 37.53%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Wells Fargo & Company reiterated a “positive” rating and set a $150.00 target price (up from $145.00) on shares of TJX Companies in a research report on Tuesday, December 16th. Citigroup reiterated a “buy” rating and set a $168.00 price objective (up from $160.00) on shares of TJX Companies in a report on Thursday, November 20th. Wall Street Zen upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Sunday, January 11th. Jefferies Financial Group reaffirmed a “buy” rating and set a $170.00 price target on shares of TJX Companies in a research note on Tuesday, November 11th. Finally, Barclays set a $172.00 price target on shares of TJX Companies and gave the company an “overweight” rating in a report on Thursday, December 4th. Two investment analysts have rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $163.86.

Insider Activity at TJX Companies

In other news, CEO Ernie Herrman sold 24,363 shares of the business’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $151.31, for a total transaction of $3,686,365.53. Following the transaction, the chief executive officer directly owned 510,780 shares of the company’s stock, valued at approximately $77,286,121.80. The trade was a 4.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Amy B. Lane sold 500 shares of the company’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $151.40, for a total transaction of $75,700.00. Following the completion of the transaction, the director owned 22,212 shares of the company’s stock, valued at $3,362,896.80. This trade represents a 2.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.13% of the company’s stock.

TJX Companies Profile

TJX Companies, Inc is a leading off-price retailer of apparel, footwear, home fashions and other consumer goods. The company operates multiple retail concepts that offer discounted brand-name and designer merchandise, including well-known banners such as T.J. Maxx and Marshalls in the United States, HomeGoods for home furnishings, TK Maxx in parts of Europe, and Winners and Homesense in Canada. Merchandise categories span women’s, men’s and children’s apparel, accessories, beauty, home décor, kitchenware and small furniture, with frequent changes in assortment that create a “treasure-hunt” shopping experience for consumers.

The company’s business model centers on opportunistic buying, purchasing excess, irregular or out-of-season inventory from manufacturers, department stores and other suppliers, and passing savings to customers through lower prices.