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

Ipswich Investment Management Co. Inc. lifted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,121 shares of the apparel and home fashions retailer’s stock after acquiring an additional 165 shares during the period. TJX Companies makes up about 1.4% of Ipswich Investment Management Co. Inc.’s portfolio, making the stock its 24th largest holding. Ipswich Investment Management Co. Inc.’s holdings in TJX Companies were worth $6,009,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TJX. Richard W. Paul & Associates LLC bought a new position in shares of TJX Companies in the 2nd quarter valued at $25,000. Capital Performance Advisors LLP acquired a new position in shares of TJX Companies in the 3rd quarter worth approximately $29,000. Copeland Capital Management LLC acquired a new position in TJX Companies in the third quarter valued at $30,000. New Millennium Group LLC acquired a new position in shares of TJX Companies in the 2nd quarter valued at about $34,000. Finally, Anfield Capital Management LLC bought a new position in shares of TJX Companies during the 2nd quarter worth approximately $37,000. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Price Performance

NYSE TJX opened at $119.98 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60. The TJX Companies, Inc. has a 1-year low of $87.26 and a 1-year high of $122.10. The stock has a market capitalization of $135.32 billion, a price-to-earnings ratio of 28.98, a PEG ratio of 3.03 and a beta of 0.89. The business’s fifty day moving average price is $116.33 and its 200-day moving average price is $111.44.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.04. The business had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.85 EPS. On average, equities analysts predict that The TJX Companies, Inc. will post 4.14 earnings per share for the current year.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is presently 36.23%.

Analyst Upgrades and Downgrades

TJX has been the topic of several recent research reports. Citigroup lowered TJX Companies from a “buy” rating to a “neutral” rating and increased their price target for the stock from $110.00 to $128.00 in a report on Thursday, August 22nd. Telsey Advisory Group restated an “outperform” rating and issued a $134.00 target price on shares of TJX Companies in a research note on Wednesday. Bank of America boosted their price target on shares of TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research note on Sunday, September 15th. Finally, BMO Capital Markets raised their price target on TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a report 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $127.41.

Insider Activity at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total value of $1,763,100.00. Following the completion of the transaction, the chief executive officer now owns 536,148 shares in the company, valued at approximately $63,018,835.92. The trade was a 2.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is owned by corporate insiders.

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.