Ipswich Investment Management Co. Inc. Has $6.01 Million Position in The TJX Companies, Inc. (NYSE:TJX)

Ipswich Investment Management Co. Inc. trimmed its holdings in The TJX Companies, Inc. (NYSE:TJX) by 2.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,761 shares of the apparel and home fashions retailer’s stock after selling 1,360 shares during the quarter. TJX Companies comprises about 1.4% of Ipswich Investment Management Co. Inc.’s portfolio, making the stock its 20th biggest position. Ipswich Investment Management Co. Inc.’s holdings in TJX Companies were worth $6,012,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Bogart Wealth LLC bought a new stake in TJX Companies during the 4th quarter valued at $25,000. Trivant Custom Portfolio Group LLC bought a new stake in shares of TJX Companies during the fourth quarter worth about $26,000. Capital Performance Advisors LLP acquired a new stake in shares of TJX Companies in the 3rd quarter worth about $29,000. Legacy Investment Solutions LLC acquired a new position in TJX Companies during the 3rd quarter valued at about $30,000. Finally, Truvestments Capital LLC bought a new stake in TJX Companies during the 3rd quarter worth approximately $29,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $121.08 on Friday. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The stock has a market cap of $136.11 billion, a P/E ratio of 28.49, a P/E/G ratio of 2.75 and a beta of 0.91. The company has a 50 day moving average of $122.86 and a 200 day moving average of $119.48.

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 analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. During the same quarter last year, the business posted $1.03 earnings per share. The firm’s revenue was up 6.0% compared to the same quarter last year. As a group, sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio is currently 35.29%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Robert W. Baird lifted their target price on TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Guggenheim lifted their price objective on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Jefferies Financial Group increased their target price on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. UBS Group upped their price objective on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Finally, Evercore ISI boosted their target price on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Two research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $134.18.

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