SlateStone Wealth LLC reduced its stake in The TJX Companies, Inc. (New York Stock Exchange: TJX–get grade) at 5.6% in the third quarter, according to the most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor held 48,713 shares of the home furnishings and apparel retailer after selling 2,915 shares during the period. TJX Companies accounts for 0.8% of SlateStone Wealth LLC's investment portfolio, making it its 29th holding. SlateStone Wealth LLC's holdings in TJX Companies were $3,026,000, according to its most recent filing with the Securities and Exchange Commission (SEC). worth.
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Several other hedge funds have also been buying and selling stocks recently. Global Retirement Partners LLC increased its stake in TJX Companies by 26.1% in the third quarter. Global Retirement Partners LLC now owns 6,177 shares of the $445,000 fashion and home furnishings retailer after purchasing an additional 1,277 shares last quarter. BCGM Wealth Management LLC increased its stake in TJX Companies by 8.2% in the third quarter. BCGM Wealth Management LLC now owns 20,910 shares of the apparel and home furnishings retailer, valued at $1,470,000, after acquiring an additional 1,593 shares last quarter. Jones Financial Companies Lllp increased its stake in TJX Companies by 1.1% in the third quarter. Jones Financial Companies Lllp now owns 251,828 shares of the fashion and home furnishings retailer, valued at $15,643,000, after acquiring an additional 2,677 shares last quarter. Barclays PLC increased its stake in TJX Companies by 40.6% in the third quarter. Barclays PLC now owns 2,154,788 shares of the apparel and home furnishings retailer, valued at $133,854,000, after acquiring an additional 622,763 shares last quarter. Finally, Nelson Capital Management LLC increased its stake in TJX Companies by 103.0% during the third quarter. Nelson Capital Management LLC now owns 49,628 shares of the apparel and home furnishings retailer, valued at $3,083,000, after purchasing an additional 25,179 shares last quarter. Institutional investors and hedge funds own 91.30% of the company's shares.
Analysts set new price targets
TJX has been the subject of several recent analyst reports. Citigroup increased its target price on TJX company to $90.00 from $86.00 and gave the company a buy rating in a report Thursday, November 17. Goldman Sachs Group increased its target price on TJX company to $80.00 from $71.00, giving the company a neutral rating in a report Thursday, November 17. Wells Fargo & Company raised its price target on TJX companies to $78.00 from $74.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 1. Barclays raised its price target on TJX companies to $94.00 from $76.00 and rated the stock as "overweight" in a research note on Friday, November 18. Finally, Robert W. Baird raised his target price on TJX companies to $88.00 from $84.00 and rated the stock as an "outperformer" in a research note on Thursday, December 1st. Four investment analysts gave the stock a hold rating and twelve gave it a buy rating. According to MarketBeat.com, TJX Companies currently has an average rating of "Moderate Buy" and an average target price of $82.67.
Price history of TJX companies
shares ofTJXit traded as low as $0.16 on Thursday afternoon and hit a high of $79.97. The company's shares had a trading volume of 26,096 shares compared to an average volume of 4,865,683. The company has a 50-day simple moving average of $79.28 and a 200-day simple moving average of $69.58. The company has a market cap of $92.41 billion, a P/E of 27.81, a P/E of 2.49, and a beta of 0.89. TJX Companies, Inc. It has a 1-year minimum of $53.69 and a 1-year maximum of $83.13. The company has a current ratio of 1.16, an immediate cash ratio of 0.41 and a debt to equity ratio of 0.50.
TJX Company (New York Stock Exchange: TJX–get grade) last released its quarterly earnings data on Wednesday, November 16th. The apparel and home furnishings retailer reported earnings per share (EPS) of $0.86 for the quarter, beating the consensus estimate of $0.80 by $0.06. The company made $12.17 billion in revenue for the quarter, compared to $12.27 billion expected by analysts. TJX Companies had a return on equity of 62.97% and a net margin of 6.90%. Analysts are predicting that TJX Companies, Inc. will post 3.12 EPS for the current fiscal year.
Dividend Announcement by TJX Companies
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 2nd. Investors of record on Thursday, February 9 will receive a dividend of $0.295 per share. The ex-dividend date is Wednesday February 8th. That equates to an annualized dividend of $1.18 and a yield of 1.48%. Currently, the TJX Companies' payout ratio is 41.11%.
Buying and selling inside information
In other news from TJX Companies, PresidentCarol Meirowitzsold 16,223 shares of the company's shares in one transaction on Tuesday November 22nd. The shares sold at an average price of $79.79 for a total transaction of $1,294,433.17. Following the closing of the transaction, the Chairman now owns 209,390 shares of the Company, valued at $16,707,228.10. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed atthis link. In other news, EPPKenneth Canestrarisold 4,100 shares of TJX Companies in one transaction on Friday, November 18th. The stock sold at an average price of $78.51 for a total value of $321,891.00. Following the completion of the sale, the Executive Vice President now owns 126,822 shares of the Company, valued at $9,956,795.22. The sale was announced in a filing with the SEC available ato SEC's website. also presidentCarol Meirowitzsold 16,223 shares of TJX Companies in one transaction on Tuesday November 22nd. The shares sold at an average price of $79.79 for a total value of $1,294,433.17. Upon completion of the sale, the Chairman now directly owns 209,390 shares of the Company, valued at approximately $16,707,228.10. Disclosure of this sale can be foundon here. In the past ninety days, experts have sold 30,231 shares of the company's stock valued at $2,405,249. 0.19% of the shares are owned by insiders.
About TJX company
TJX Companies, Inc, together with its subsidiaries, operates as a discount apparel and home furnishings retailer. It operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. The company markets family apparel, including shoes and accessories; Home fashion items such as housewares, furniture, carpets, lighting products, gifts, home textiles, decorative accessories, tabletops and kitchenware, as well as expanded pet food, children's departments and gourmet; jewelry and accessories; and other goods.
Want to see what other hedge funds are holding TJX? Visit HoldingsChannel.comfor the latest 13F filings and inside information for The TJX Companies, Inc. (New York Stock Exchange: TJX–get grade).
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