Pacer Advisors Inc. Increases Position in The TJX Companies, Inc. (NYSE:TJX)
Pacer Advisors Inc. lifted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 106.4% during the first quarter, Holdings Channel reports. The fund owned 170,694 shares of the apparel and home fashions retailer’s stock after purchasing an additional 87,983 shares during the quarter. Pacer Advisors Inc.’s holdings in The TJX Companies were worth $11,291,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in TJX. Grant Street Asset Management Inc. purchased a new stake in shares of The TJX Companies during the fourth quarter worth about $27,000. JJJ Advisors Inc. increased its position in shares of The TJX Companies by 4,522.2% during the fourth quarter. JJJ Advisors Inc. now owns 416 shares of the apparel and home fashions retailer’s stock worth $28,000 after acquiring an additional 407 shares during the last quarter. JNBA Financial Advisors increased its position in shares of The TJX Companies by 430.0% during the fourth quarter. JNBA Financial Advisors now owns 424 shares of the apparel and home fashions retailer’s stock worth $29,000 after acquiring an additional 344 shares during the last quarter. Concord Wealth Partners purchased a new stake in shares of The TJX Companies during the fourth quarter worth about $33,000. Finally, WD Rutherford LLC purchased a new stake in shares of The TJX Companies during the fourth quarter worth about $36,000. 88.81% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:TJX traded up $0.62 on Thursday, reaching $68.40. 81,974 shares of the company traded hands, compared to its average volume of 6,926,477. The TJX Companies, Inc. has a fifty-two week low of $42.52 and a fifty-two week high of $71.06. The company’s 50 day moving average is $66.34 and its 200-day moving average is $63.35. The stock has a market capitalization of $82.12 billion, a PE ratio of 112.97, a P/E/G ratio of 14.77 and a beta of 0.93. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.41 and a quick ratio of 0.99.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 3rd. Stockholders of record on Thursday, May 13th will be given a dividend of $0.26 per share. The ex-dividend date is Wednesday, May 12th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.52%. The TJX Companies’s dividend payout ratio (DPR) is presently 38.95%.
In other news, Director Amy B. Lane sold 1,500 shares of the stock in a transaction on Tuesday, March 9th. The stock was sold at an average price of $66.78, for a total transaction of $100,170.00. Following the completion of the sale, the director now owns 28,311 shares in the company, valued at approximately $1,890,608.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.
TJX has been the subject of several research analyst reports. Guggenheim boosted their price objective on The TJX Companies from $70.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, December 30th. William Blair reissued an “outperform” rating on shares of The TJX Companies in a report on Wednesday, March 24th. Wells Fargo & Company lowered their price objective on The TJX Companies from $84.00 to $75.00 and set an “overweight” rating for the company in a report on Monday, March 29th. JPMorgan Chase & Co. boosted their price objective on The TJX Companies from $70.00 to $74.00 and gave the company an “overweight” rating in a report on Monday, January 4th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lowered The TJX Companies from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $73.00 to $69.00 in a report on Friday, December 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $69.20.
The TJX Companies Profile
The TJX Companies, Inc, together with its subsidiaries, 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, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; fine jewelry and accessories; and other merchandise.
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