TFB Advisors LLC reduced its position in shares of The TJX Companies, Inc. (NYSE:TJX – Free Report) by 2.8% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,305 shares of the apparel and home fashions retailer’s stock after selling 96 shares during the quarter. TFB Advisors LLC’s holdings in TJX Companies were worth $408,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its position in TJX Companies by 113.7% in the 4th quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer’s stock worth $1,817,000 after purchasing an additional 8,002 shares during the period. Revolve Wealth Partners LLC grew its position in TJX Companies by 12.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer’s stock worth $262,000 after purchasing an additional 235 shares during the period. Bison Wealth LLC grew its position in TJX Companies by 32.9% in the 4th quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer’s stock worth $466,000 after purchasing an additional 955 shares during the period. GAMMA Investing LLC grew its position in TJX Companies by 19.8% in the 1st quarter. GAMMA Investing LLC now owns 23,909 shares of the apparel and home fashions retailer’s stock worth $2,912,000 after purchasing an additional 3,944 shares during the period. Finally, Legacy Advisors LLC grew its position in TJX Companies by 15.8% in the 1st quarter. Legacy Advisors LLC now owns 7,098 shares of the apparel and home fashions retailer’s stock worth $865,000 after purchasing an additional 967 shares during the period. Institutional investors own 91.09% of the company’s stock.
TJX Companies Stock Performance
Shares of NYSE TJX opened at $142.99 on Thursday. The firm has a 50 day moving average of $139.94 and a 200 day moving average of $131.28. 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 $159.14 billion, a price-to-earnings ratio of 32.57, a price-to-earnings-growth ratio of 3.19 and a beta of 0.92. The TJX Companies, Inc. has a 12-month low of $111.73 and a 12-month high of $146.46.
TJX Companies Dividend Announcement
The company also recently declared 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 annualized dividend and a yield of 1.2%. TJX Companies’s payout ratio is currently 38.72%.
Analyst Ratings Changes
A number of research firms have commented on TJX. Wall Street Zen raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, August 23rd. Telsey Advisory Group restated an “outperform” rating and set a $155.00 target price (up from $150.00) on shares of TJX Companies in a research report on Wednesday, August 20th. BTIG Research started coverage on shares of TJX Companies in a research report on Tuesday, October 14th. They set a “buy” rating and a $165.00 target price for the company. JPMorgan Chase & Co. boosted their target price on shares of TJX Companies from $148.00 to $149.00 and gave the company an “overweight” rating in a research report on Monday, October 6th. Finally, Morgan Stanley boosted their target price on shares of TJX Companies from $140.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $148.50.
Read Our Latest Analysis on TJX Companies
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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