Ameritas Advisory Services LLC trimmed its stake in shares of The TJX Companies, Inc. (NYSE:TJX – Free Report) by 73.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,322 shares of the apparel and home fashions retailer’s stock after selling 3,726 shares during the quarter. Ameritas Advisory Services LLC’s holdings in TJX Companies were worth $163,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in shares of TJX Companies by 13.7% during the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 57,005 shares of the apparel and home fashions retailer’s stock valued at $7,040,000 after purchasing an additional 6,881 shares during the period. Verus Financial Partners Inc. raised its stake in shares of TJX Companies by 4.4% during the 2nd quarter. Verus Financial Partners Inc. now owns 3,625 shares of the apparel and home fashions retailer’s stock valued at $455,000 after purchasing an additional 152 shares during the period. Ashton Thomas Securities LLC raised its stake in shares of TJX Companies by 3.3% during the 2nd quarter. Ashton Thomas Securities LLC now owns 7,876 shares of the apparel and home fashions retailer’s stock valued at $973,000 after purchasing an additional 252 shares during the period. Crews Bank & Trust raised its stake in shares of TJX Companies by 7.3% during the 2nd quarter. Crews Bank & Trust now owns 2,482 shares of the apparel and home fashions retailer’s stock valued at $307,000 after purchasing an additional 169 shares during the period. Finally, Trinity Legacy Partners LLC raised its stake in shares of TJX Companies by 0.4% during the 2nd quarter. Trinity Legacy Partners LLC now owns 40,171 shares of the apparel and home fashions retailer’s stock valued at $4,875,000 after purchasing an additional 155 shares during the period. 91.09% of the stock is currently owned by institutional investors.
TJX Companies Price Performance
Shares of TJX Companies stock opened at $140.68 on Thursday. 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 firm has a market capitalization of $156.57 billion, a PE ratio of 32.05, a price-to-earnings-growth ratio of 3.17 and a beta of 0.92. The business’s 50-day moving average price is $137.50 and its 200-day moving average price is $129.83. The TJX Companies, Inc. has a 12 month low of $111.73 and a 12 month high of $145.58.
TJX Companies Announces Dividend
The business also recently declared 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 yield of 1.2%. The ex-dividend date is Thursday, November 13th. TJX Companies’s dividend payout ratio (DPR) is presently 38.72%.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on TJX. Erste Group Bank began coverage on TJX Companies in a research note on Friday, September 5th. They issued a “buy” rating on the stock. Daiwa America upgraded TJX Companies to a “strong-buy” rating in a research note on Tuesday, July 8th. UBS Group upped their target price on TJX Companies from $164.00 to $172.00 and gave the stock a “buy” rating in a research note on Thursday, August 21st. Wall Street Zen upgraded TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, August 23rd. Finally, Barclays upped their target price on TJX Companies from $147.00 to $155.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $147.63.
Check Out Our Latest Stock Report on TJX
TJX Companies Company 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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