Comprehensive Financial Consultants Institutional Inc. reduced its holdings in The TJX Companies, Inc. (NYSE:TJX – Free Report) by 9.9% in the 2nd quarter, Holdings Channel reports. The fund owned 20,096 shares of the apparel and home fashions retailer’s stock after selling 2,217 shares during the period. Comprehensive Financial Consultants Institutional Inc.’s holdings in TJX Companies were worth $2,482,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of the business. Clear Creek Financial Management LLC lifted its stake in TJX Companies by 1.8% in the 1st quarter. Clear Creek Financial Management LLC now owns 4,811 shares of the apparel and home fashions retailer’s stock worth $586,000 after acquiring an additional 83 shares in the last quarter. Knuff & Co LLC lifted its stake in TJX Companies by 8.5% in the 1st quarter. Knuff & Co LLC now owns 1,056 shares of the apparel and home fashions retailer’s stock worth $129,000 after acquiring an additional 83 shares in the last quarter. McLean Asset Management Corp lifted its stake in TJX Companies by 3.2% in the 2nd quarter. McLean Asset Management Corp now owns 2,746 shares of the apparel and home fashions retailer’s stock worth $344,000 after acquiring an additional 84 shares in the last quarter. Salem Investment Counselors Inc. lifted its stake in TJX Companies by 2.2% in the 1st quarter. Salem Investment Counselors Inc. now owns 3,986 shares of the apparel and home fashions retailer’s stock worth $485,000 after acquiring an additional 86 shares in the last quarter. Finally, NBC Securities Inc. lifted its stake in TJX Companies by 0.6% in the 2nd quarter. NBC Securities Inc. now owns 14,274 shares of the apparel and home fashions retailer’s stock worth $1,762,000 after acquiring an additional 86 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.
TJX Companies Price Performance
Shares of TJX stock opened at $141.30 on Monday. The stock has a 50 day moving average of $136.51 and a two-hundred day moving average of $129.47. The company has a current ratio of 1.17, a quick ratio of 0.52 and a debt-to-equity ratio of 0.32. The TJX Companies, Inc. has a 12 month low of $111.22 and a 12 month high of $145.58. The company has a market capitalization of $157.26 billion, a P/E ratio of 32.19, a P/E/G ratio of 3.18 and a beta of 0.92.
TJX Companies Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 13th will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Thursday, November 13th. TJX Companies’s dividend payout ratio (DPR) is 38.72%.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the company. Barclays upped their target price on TJX Companies from $147.00 to $155.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Sanford C. Bernstein upped their target price on TJX Companies from $145.00 to $152.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $155.00 target price (up from $150.00) on shares of TJX Companies in a research report on Wednesday, August 20th. Morgan Stanley increased their price objective on TJX Companies from $140.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Finally, Macquarie reissued a “buy” rating on shares of TJX Companies in a report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, TJX Companies has an average rating of “Buy” and an average target price of $147.58.
Read Our Latest Stock Analysis on TJX
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.
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