Chesapeake Wealth Management Decreases Position in The TJX Companies, Inc. (NYSE:TJX)

Chesapeake Wealth Management reduced its stake in The TJX Companies, Inc. (NYSE:TJX) by 9.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 12,770 shares of the apparel and home fashions retailer’s stock after selling 1,405 shares during the period. Chesapeake Wealth Management’s holdings in TJX Companies were worth $1,406,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sei Investments Co. grew its position in shares of TJX Companies by 6.6% in the 2nd quarter. Sei Investments Co. now owns 684,085 shares of the apparel and home fashions retailer’s stock valued at $75,312,000 after buying an additional 42,609 shares during the last quarter. Pacer Advisors Inc. boosted its stake in TJX Companies by 2.5% in the second quarter. Pacer Advisors Inc. now owns 133,124 shares of the apparel and home fashions retailer’s stock valued at $14,657,000 after acquiring an additional 3,209 shares in the last quarter. Skandinaviska Enskilda Banken AB publ boosted its stake in TJX Companies by 0.5% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 227,114 shares of the apparel and home fashions retailer’s stock valued at $25,005,000 after acquiring an additional 1,200 shares in the last quarter. AE Wealth Management LLC grew its holdings in shares of TJX Companies by 12.7% during the second quarter. AE Wealth Management LLC now owns 185,171 shares of the apparel and home fashions retailer’s stock worth $20,387,000 after purchasing an additional 20,847 shares during the last quarter. Finally, King Luther Capital Management Corp increased its position in shares of TJX Companies by 594.8% during the second quarter. King Luther Capital Management Corp now owns 41,771 shares of the apparel and home fashions retailer’s stock worth $4,599,000 after purchasing an additional 35,759 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Activity

In related news, CEO Ernie Herrman sold 15,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the sale, the chief executive officer now owns 536,148 shares of the company’s stock, valued at $63,018,835.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.13% of the company’s stock.

TJX Companies Price Performance

Shares of TJX opened at $117.90 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37. The stock’s 50 day moving average is $114.83 and its two-hundred day moving average is $106.15. The TJX Companies, Inc. has a twelve month low of $86.71 and a twelve month high of $121.13. The firm has a market capitalization of $133.24 billion, a PE ratio of 29.26, a P/E/G ratio of 3.02 and a beta of 0.89.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, beating the consensus estimate of $0.92 by $0.04. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The business had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.31 billion. During the same period last year, the firm earned $0.85 EPS. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. Research analysts anticipate that The TJX Companies, Inc. will post 4.15 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.375 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.27%. TJX Companies’s dividend payout ratio (DPR) is presently 37.22%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TJX. Loop Capital upped their target price on TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Jefferies Financial Group increased their price objective on TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Barclays lifted their target price on shares of TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Morgan Stanley increased their price target on shares of TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Finally, TD Cowen lifted their price objective on shares of TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $126.76.

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.