Chesapeake Wealth Management Sells 115 Shares of The TJX Companies, Inc. (NYSE:TJX)

Chesapeake Wealth Management cut its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,322 shares of the apparel and home fashions retailer’s stock after selling 115 shares during the quarter. Chesapeake Wealth Management’s holdings in TJX Companies were worth $1,489,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Trivant Custom Portfolio Group LLC acquired a new stake in shares of TJX Companies in the fourth quarter valued at $26,000. Capital Performance Advisors LLP acquired a new stake in TJX Companies in the 3rd quarter valued at about $29,000. Truvestments Capital LLC bought a new position in shares of TJX Companies in the third quarter worth about $29,000. Copeland Capital Management LLC acquired a new position in shares of TJX Companies during the third quarter worth approximately $30,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of TJX Companies during the third quarter valued at approximately $30,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of TJX opened at $121.89 on Tuesday. The stock has a 50 day simple moving average of $122.56 and a 200 day simple moving average of $117.56. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The firm has a market capitalization of $137.03 billion, a PE ratio of 28.68, a P/E/G ratio of 2.98 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 (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.05. The company had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.03 earnings per share. Sell-side analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.50 annualized dividend and a dividend yield of 1.23%. TJX Companies’s dividend payout ratio is currently 35.29%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. TD Cowen upped their price objective on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Wells Fargo & Company boosted their price objective on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. Robert W. Baird raised their target price on shares of TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $134.00 price target on shares of TJX Companies in a research note on Friday, December 6th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, TJX Companies currently has an average rating of “Moderate Buy” and an average price target of $131.33.

TJX Companies Company 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, and gourmet food departments; jewelry and accessories; and other merchandise.