Essex Savings Bank Trims Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Essex Savings Bank lessened its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,104 shares of the apparel and home fashions retailer’s stock after selling 129 shares during the period. Essex Savings Bank’s holdings in TJX Companies were worth $496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TJX. One Capital Management LLC raised its position in TJX Companies by 27.8% during the second quarter. One Capital Management LLC now owns 3,331 shares of the apparel and home fashions retailer’s stock worth $367,000 after acquiring an additional 725 shares during the period. Plancorp LLC increased its stake in shares of TJX Companies by 3.6% during the second quarter. Plancorp LLC now owns 2,930 shares of the apparel and home fashions retailer’s stock worth $323,000 after purchasing an additional 103 shares in the last quarter. Perennial Investment Advisors LLC raised its position in shares of TJX Companies by 22.6% during the 2nd quarter. Perennial Investment Advisors LLC now owns 4,527 shares of the apparel and home fashions retailer’s stock worth $498,000 after purchasing an additional 834 shares during the last quarter. Axxcess Wealth Management LLC lifted its stake in TJX Companies by 15.4% in the 2nd quarter. Axxcess Wealth Management LLC now owns 16,397 shares of the apparel and home fashions retailer’s stock valued at $1,805,000 after buying an additional 2,186 shares in the last quarter. Finally, E Fund Management Co. Ltd. acquired a new stake in TJX Companies in the 2nd quarter worth about $521,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TJX shares. Jefferies Financial Group upped their price target on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Guggenheim upped their target price on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Evercore ISI boosted their price target on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Wells Fargo & Company upped their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $134.00 target price on shares of TJX Companies in a report on Friday, December 6th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, TJX Companies has an average rating of “Moderate Buy” and an average target price of $131.33.

TJX Companies Price Performance

TJX stock opened at $119.10 on Thursday. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00. The business has a 50 day moving average price of $122.32 and a 200 day moving average price of $117.34. The stock has a market cap of $133.89 billion, a price-to-earnings ratio of 28.02, a PEG ratio of 2.94 and a beta of 0.91.

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

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s payout ratio is currently 35.29%.

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.