Sage Mountain Advisors LLC boosted its position in shares of The TJX Companies, Inc. (NYSE:TJX – Free Report) by 1.8% in the second quarter, Holdings Channel.com reports. The firm owned 7,641 shares of the apparel and home fashions retailer’s stock after purchasing an additional 135 shares during the period. Sage Mountain Advisors LLC’s holdings in TJX Companies were worth $944,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of TJX. Brighton Jones LLC boosted its position in TJX Companies by 113.7% during the fourth quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer’s stock valued at $1,817,000 after purchasing an additional 8,002 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in TJX Companies by 12.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer’s stock valued at $262,000 after purchasing an additional 235 shares during the last quarter. Bison Wealth LLC boosted its position in TJX Companies by 32.9% during the fourth quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer’s stock valued at $466,000 after purchasing an additional 955 shares during the last quarter. GAMMA Investing LLC boosted its position in TJX Companies by 19.8% during the first quarter. GAMMA Investing LLC now owns 23,909 shares of the apparel and home fashions retailer’s stock valued at $2,912,000 after purchasing an additional 3,944 shares during the last quarter. Finally, Golden State Wealth Management LLC boosted its position in TJX Companies by 182.2% during the first quarter. Golden State Wealth Management LLC now owns 6,608 shares of the apparel and home fashions retailer’s stock valued at $805,000 after purchasing an additional 4,266 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.
TJX Companies Trading Down 0.4%
TJX Companies stock opened at $141.90 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.52 and a current ratio of 1.17. The business’s 50-day simple moving average is $140.31 and its 200-day simple moving average is $131.60. The firm has a market capitalization of $157.92 billion, a PE ratio of 32.32, a PEG ratio of 3.16 and a beta of 0.92. The TJX Companies, Inc. has a 52 week low of $111.73 and a 52 week high of $146.46.
TJX Companies Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be paid a $0.425 dividend. The ex-dividend date is Thursday, November 13th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.2%. TJX Companies’s payout ratio is presently 38.72%.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on TJX shares. Evercore ISI boosted their price target on TJX Companies from $150.00 to $162.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Macquarie reaffirmed a “buy” rating on shares of TJX Companies in a research report on Monday, August 11th. BTIG Research started coverage on TJX Companies in a research report on Tuesday, October 14th. They issued a “buy” rating and a $165.00 price target for the company. Bank of America boosted their price target on TJX Companies from $145.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, August 21st. Finally, UBS Group boosted their price target on TJX Companies from $164.00 to $172.00 and gave the stock a “buy” rating in a research report on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, TJX Companies presently has an average rating of “Buy” and a consensus target price of $148.50.
Check Out Our Latest Stock Report on TJX
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.
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