Linden Thomas Advisory Services LLC reduced its holdings in The TJX Companies, Inc. (NYSE:TJX – Free Report) by 1.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,176 shares of the apparel and home fashions retailer’s stock after selling 243 shares during the period. Linden Thomas Advisory Services LLC’s holdings in TJX Companies were worth $1,627,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Pinnacle Financial Partners Inc lifted its holdings in TJX Companies by 2.2% in the first quarter. Pinnacle Financial Partners Inc now owns 387,342 shares of the apparel and home fashions retailer’s stock valued at $46,989,000 after buying an additional 8,319 shares during the period. FCG Investment Co bought a new stake in TJX Companies in the first quarter valued at approximately $2,620,000. MinichMacGregor Wealth Management LLC bought a new stake in TJX Companies in the second quarter valued at approximately $5,045,000. Mainstream Capital Management LLC increased its stake in TJX Companies by 4.3% in the first quarter. Mainstream Capital Management LLC now owns 12,450 shares of the apparel and home fashions retailer’s stock valued at $1,516,000 after purchasing an additional 515 shares in the last quarter. Finally, Parr Mcknight Wealth Management Group LLC increased its stake in TJX Companies by 12.6% in the first quarter. Parr Mcknight Wealth Management Group LLC now owns 40,840 shares of the apparel and home fashions retailer’s stock valued at $4,974,000 after purchasing an additional 4,579 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.
TJX Companies Trading Down 0.4%
Shares of NYSE:TJX opened at $141.90 on Friday. The TJX Companies, Inc. has a 12 month low of $111.73 and a 12 month high of $146.46. The company has a quick ratio of 0.52, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. The company’s fifty day simple moving average is $140.31 and its 200 day simple moving average is $131.68. The firm has a market cap of $157.92 billion, a price-to-earnings ratio of 32.32, a PEG ratio of 3.15 and a beta of 0.92.
TJX Companies Announces Dividend
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 issued 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 is presently 38.72%.
Analyst Upgrades and Downgrades
TJX has been the subject of several recent analyst reports. Robert W. Baird upped their target price on shares of TJX Companies from $143.00 to $152.00 and gave the company an “outperform” rating in a research note on Thursday, August 21st. JPMorgan Chase & Co. upped their target price on shares of TJX Companies from $148.00 to $149.00 and gave the company an “overweight” rating in a research note on Monday, October 6th. Wall Street Zen raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, August 23rd. Citigroup raised their price objective on shares of TJX Companies from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, August 21st. Finally, Barclays raised their price objective on shares of TJX Companies from $147.00 to $155.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. One investment 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. According to MarketBeat, TJX Companies presently has a consensus rating of “Buy” and an average price target of $148.50.
View Our Latest Research 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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