Cabot Wealth Management Inc. Has $10.18 Million Holdings in TJX Companies Inc (NYSE:TJX)

Cabot Wealth Management Inc. trimmed its holdings in shares of TJX Companies Inc (NYSE:TJX) by 5.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 90,860 shares of the apparel and home fashions retailer’s stock after selling 5,748 shares during the quarter. TJX Companies accounts for approximately 2.2% of Cabot Wealth Management Inc.’s investment portfolio, making the stock its 12th largest holding. Cabot Wealth Management Inc.’s holdings in TJX Companies were worth $10,178,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in TJX. Bank of New York Mellon Corp increased its stake in shares of TJX Companies by 3.9% during the second quarter. Bank of New York Mellon Corp now owns 19,231,563 shares of the apparel and home fashions retailer’s stock valued at $1,830,461,000 after buying an additional 715,960 shares during the period. Northern Trust Corp increased its stake in shares of TJX Companies by 1.6% during the second quarter. Northern Trust Corp now owns 8,480,758 shares of the apparel and home fashions retailer’s stock valued at $807,199,000 after buying an additional 135,091 shares during the period. Alecta Pensionsforsakring Omsesidigt increased its stake in shares of TJX Companies by 2.5% during the second quarter. Alecta Pensionsforsakring Omsesidigt now owns 8,257,538 shares of the apparel and home fashions retailer’s stock valued at $785,952,000 after buying an additional 200,000 shares during the period. American Century Companies Inc. increased its stake in shares of TJX Companies by 5.3% during the second quarter. American Century Companies Inc. now owns 5,876,616 shares of the apparel and home fashions retailer’s stock valued at $559,336,000 after buying an additional 295,891 shares during the period. Finally, Swiss National Bank increased its stake in shares of TJX Companies by 2.4% during the second quarter. Swiss National Bank now owns 2,787,621 shares of the apparel and home fashions retailer’s stock valued at $265,326,000 after buying an additional 65,700 shares during the period. Institutional investors and hedge funds own 45.09% of the company’s stock.

NYSE TJX traded down $0.66 during trading on Thursday, hitting $46.16. The company’s stock had a trading volume of 10,857,298 shares, compared to its average volume of 9,211,874. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.77 and a current ratio of 1.64. The company has a market cap of $57.94 billion, a PE ratio of 22.85, a P/E/G ratio of 1.68 and a beta of 0.65. TJX Companies Inc has a fifty-two week low of $35.22 and a fifty-two week high of $56.64.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Tuesday, November 20th. The apparel and home fashions retailer reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.02. The business had revenue of $9.83 billion during the quarter, compared to the consensus estimate of $9.50 billion. TJX Companies had a return on equity of 59.87% and a net margin of 7.98%. The company’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the company earned $1.00 earnings per share. On average, sell-side analysts predict that TJX Companies Inc will post 2.56 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 6th. Shareholders of record on Thursday, November 15th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend is Wednesday, November 14th. TJX Companies’s dividend payout ratio is presently 38.61%.

TJX has been the topic of several research reports. Guggenheim restated a “buy” rating on shares of TJX Companies in a research note on Tuesday, August 21st. Buckingham Research lifted their target price on TJX Companies from $50.00 to $56.00 and gave the company a “buy” rating in a research note on Monday, August 20th. Deutsche Bank lifted their target price on TJX Companies from $50.00 to $52.50 and gave the company a “buy” rating in a research note on Monday, August 20th. Citigroup lifted their target price on TJX Companies from $48.00 to $55.50 and gave the company a “buy” rating in a research note on Tuesday, July 31st. Finally, Cowen reiterated a “buy” rating and issued a $57.00 target price on shares of TJX Companies in a research note on Tuesday, July 31st. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and sixteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $53.19.

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About TJX Companies

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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, accent furniture, lamps, rugs, wall décor, decorative accessories, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise.

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

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