Waycross Partners LLC Boosts Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Waycross Partners LLC lifted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 78.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 30,000 shares of the apparel and home fashions retailer’s stock after acquiring an additional 13,200 shares during the period. Waycross Partners LLC’s holdings in TJX Companies were worth $1,979,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Davis R M Inc. raised its stake in shares of TJX Companies by 1.6% during the second quarter. Davis R M Inc. now owns 711,021 shares of the apparel and home fashions retailer’s stock worth $47,937,000 after purchasing an additional 11,161 shares during the last quarter. Marshall Wace LLP increased its stake in TJX Companies by 29.7% during the second quarter. Marshall Wace LLP now owns 1,027,888 shares of the apparel and home fashions retailer’s stock valued at $69,299,000 after purchasing an additional 235,271 shares during the last quarter. BCGM Wealth Management LLC lifted its holdings in TJX Companies by 15.9% in the third quarter. BCGM Wealth Management LLC now owns 16,972 shares of the apparel and home fashions retailer’s stock worth $1,111,000 after purchasing an additional 2,330 shares during the period. Patten & Patten Inc. TN lifted its holdings in TJX Companies by 2.2% in the 3rd quarter. Patten & Patten Inc. TN now owns 154,976 shares of the apparel and home fashions retailer’s stock valued at $10,225,000 after acquiring an additional 3,365 shares during the last quarter. Finally, Scott Investment Partners LLP grew its holdings in shares of TJX Companies by 13.8% during the 3rd quarter. Scott Investment Partners LLP now owns 82,500 shares of the apparel and home fashions retailer’s stock valued at $5,443,000 after acquiring an additional 10,000 shares in the last quarter. 88.89% of the stock is owned by institutional investors and hedge funds.

TJX traded down $1.84 during trading on Friday, reaching $70.77. 275,758 shares of the company’s stock were exchanged, compared to its average volume of 5,647,807. The stock has a market capitalization of $84.42 billion, a P/E ratio of 33.16, a price-to-earnings-growth ratio of 2.41 and a beta of 0.96. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.29 and a quick ratio of 0.70. The company’s fifty day simple moving average is $72.52 and its 200-day simple moving average is $69.88. The TJX Companies, Inc. has a 1 year low of $61.15 and a 1 year high of $77.35.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, November 17th. The apparel and home fashions retailer reported $0.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.03. TJX Companies had a return on equity of 50.46% and a net margin of 5.85%. The company had revenue of $12.53 billion for the quarter, compared to analyst estimates of $12.27 billion. During the same quarter in the prior year, the company earned $0.71 earnings per share. TJX Companies’s revenue was up 23.9% compared to the same quarter last year. Equities analysts forecast that The TJX Companies, Inc. will post 2.93 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 3rd. Stockholders of record on Thursday, February 10th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Wednesday, February 9th. TJX Companies’s dividend payout ratio (DPR) is 47.49%.

In related news, CEO Ernie Herrman sold 18,000 shares of the firm’s stock in a transaction that occurred on Friday, November 19th. The shares were sold at an average price of $71.59, for a total value of $1,288,620.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.19% of the stock is owned by insiders.

A number of research analysts have recently weighed in on TJX shares. Cowen increased their price target on TJX Companies from $81.00 to $88.00 and gave the company an “outperform” rating in a research note on Thursday, November 18th. Gordon Haskett raised shares of TJX Companies from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $73.00 to $84.00 in a report on Thursday, November 11th. Bank of America lifted their price target on shares of TJX Companies from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, November 18th. Robert W. Baird upped their target price on shares of TJX Companies from $84.00 to $88.00 and gave the stock an “outperform” rating in a research report on Thursday, November 18th. Finally, Credit Suisse Group raised their price target on shares of TJX Companies from $84.00 to $86.00 and gave the stock an “outperform” rating in a research note on Thursday, November 18th. Two equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, TJX Companies has a consensus rating of “Buy” and an average target price of $85.45.

TJX Companies Profile

The TJX Cos., Inc engages in the retail of off-price apparel and home fashion products. It operates through the following segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The Marmaxx segment sells family apparel including apparel, home fashions, and other merchandise. The HomeGoods segment offers assortment of home fashions, including furniture, rugs, lighting, soft home, decorative accessories, tabletop and cookware as well as expanded pet, kids, and gourmet food departments.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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