Weybosset Research & Management LLC Grows Stake in The TJX Companies, Inc. (NYSE:TJX)

Weybosset Research & Management LLC lifted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 154,418 shares of the apparel and home fashions retailer’s stock after acquiring an additional 649 shares during the quarter. TJX Companies comprises approximately 4.8% of Weybosset Research & Management LLC’s holdings, making the stock its 7th largest position. Weybosset Research & Management LLC’s holdings in TJX Companies were worth $13,093,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TJX. Householder Group Estate & Retirement Specialist LLC acquired a new position in TJX Companies during the 1st quarter worth $25,000. Tucker Asset Management LLC bought a new stake in TJX Companies during the 1st quarter valued at approximately $25,000. ZRC Wealth Management LLC acquired a new stake in TJX Companies in the 2nd quarter valued at approximately $25,000. ICA Group Wealth Management LLC bought a new position in TJX Companies in the 4th quarter worth approximately $27,000. Finally, Freedom Wealth Alliance LLC acquired a new position in shares of TJX Companies during the fourth quarter worth approximately $28,000. Institutional investors and hedge funds own 89.28% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Kenneth Canestrari sold 4,197 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $90.00, for a total value of $377,730.00. Following the completion of the sale, the executive vice president now directly owns 115,223 shares in the company, valued at $10,370,070. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, Chairman Carol Meyrowitz sold 64,817 shares of the company’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $91.13, for a total transaction of $5,906,773.21. Following the transaction, the chairman now owns 135,050 shares of the company’s stock, valued at $12,307,106.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kenneth Canestrari sold 4,197 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $90.00, for a total value of $377,730.00. Following the completion of the transaction, the executive vice president now owns 115,223 shares in the company, valued at approximately $10,370,070. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 114,014 shares of company stock valued at $10,291,303. 0.13% of the stock is currently owned by corporate insiders.

TJX Companies Trading Down 0.6 %

Shares of TJX stock opened at $91.90 on Tuesday. The company has a market capitalization of $105.14 billion, a P/E ratio of 26.95, a P/E/G ratio of 2.24 and a beta of 0.89. The TJX Companies, Inc. has a 12-month low of $59.78 and a 12-month high of $93.78. The company has a quick ratio of 0.56, a current ratio of 1.20 and a debt-to-equity ratio of 0.43. The firm has a 50-day moving average price of $88.20 and a 200 day moving average price of $81.86.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, August 16th. The apparel and home fashions retailer reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.08. The company had revenue of $12.76 billion during the quarter, compared to analysts’ expectations of $12.45 billion. TJX Companies had a net margin of 7.77% and a return on equity of 62.61%. TJX Companies’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 earnings per share. Research analysts forecast that The TJX Companies, Inc. will post 3.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TJX. Robert W. Baird raised their price objective on shares of TJX Companies from $90.00 to $96.00 and gave the stock an “outperform” rating in a research note on Thursday, August 17th. Piper Sandler started coverage on shares of TJX Companies in a research report on Thursday, June 29th. They set an “overweight” rating and a $110.00 price objective for the company. Jefferies Financial Group lifted their target price on TJX Companies from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, August 17th. Wells Fargo & Company upped their price target on TJX Companies from $88.00 to $92.00 and gave the company an “equal weight” rating in a report on Monday, September 11th. Finally, Citigroup lifted their price objective on TJX Companies from $90.00 to $103.00 and gave the stock a “buy” rating in a report on Thursday, August 17th. Three equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $95.42.

TJX Companies Profile

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, kids, and gourmet food departments; jewelry and accessories; and other merchandise.