Seeds Investor LLC cut its holdings in The TJX Companies, Inc. (NYSE:TJX – Free Report) by 7.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,099 shares of the apparel and home fashions retailer’s stock after selling 579 shares during the quarter. Seeds Investor LLC’s holdings in TJX Companies were worth $877,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of TJX. Brighton Jones LLC lifted its holdings in shares of 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 increased its stake in shares of TJX Companies by 12.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer’s stock worth $262,000 after acquiring an additional 235 shares during the last quarter. Bison Wealth LLC lifted its holdings in shares of TJX Companies by 32.9% during the 4th quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer’s stock valued at $466,000 after buying an additional 955 shares during the last quarter. Ignite Planners LLC acquired a new stake in TJX Companies in the first quarter valued at approximately $262,000. Finally, Wedbush Securities Inc. lifted its stake in shares of TJX Companies by 14.3% in the 1st quarter. Wedbush Securities Inc. now owns 17,859 shares of the apparel and home fashions retailer’s stock valued at $2,175,000 after purchasing an additional 2,229 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.
TJX Companies Stock Up 1.6%
NYSE TJX opened at $148.20 on Friday. The TJX Companies, Inc. has a 1-year low of $112.10 and a 1-year high of $151.00. The company has a market capitalization of $164.94 billion, a price-to-earnings ratio of 33.76, a PEG ratio of 3.14 and a beta of 0.90. The stock’s 50 day moving average is $142.81 and its two-hundred day moving average is $133.94. The company has a current ratio of 1.17, a quick ratio of 0.52 and a debt-to-equity ratio of 0.32.
TJX Companies Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 13th will be issued a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.1%. TJX Companies’s dividend payout ratio (DPR) is presently 38.72%.
Wall Street Analysts Forecast Growth
TJX has been the topic of a number of analyst reports. Wall Street Zen raised TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, August 23rd. Morgan Stanley reaffirmed an “overweight” rating and set a $162.00 target price (up previously from $159.00) on shares of TJX Companies in a research report on Thursday. Macquarie reissued a “buy” rating on shares of TJX Companies in a report on Monday, August 11th. JPMorgan Chase & Co. raised their price target on shares of TJX Companies from $150.00 to $154.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, BTIG Research assumed coverage on shares of TJX Companies in a research report on Tuesday, October 14th. They set a “buy” rating and a $165.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $158.90.
View Our Latest Stock Report on TJX Companies
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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