Mutual Advisors LLC lessened its holdings in shares of The TJX Companies, Inc. (NYSE:TJX – Free Report) by 0.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,584 shares of the apparel and home fashions retailer’s stock after selling 119 shares during the period. Mutual Advisors LLC’s holdings in TJX Companies were worth $2,476,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Nuveen LLC bought a new stake in TJX Companies in the 1st quarter valued at approximately $1,330,717,000. Mirova US LLC lifted its stake in TJX Companies by 164.5% in the 2nd quarter. Mirova US LLC now owns 2,699,156 shares of the apparel and home fashions retailer’s stock valued at $333,319,000 after acquiring an additional 1,678,665 shares in the last quarter. Amundi lifted its stake in TJX Companies by 10.2% in the 1st quarter. Amundi now owns 11,888,455 shares of the apparel and home fashions retailer’s stock valued at $1,489,305,000 after acquiring an additional 1,104,292 shares in the last quarter. Vanguard Group Inc. lifted its stake in TJX Companies by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 100,413,764 shares of the apparel and home fashions retailer’s stock valued at $12,230,396,000 after acquiring an additional 1,099,129 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in TJX Companies by 17.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,807,714 shares of the apparel and home fashions retailer’s stock valued at $829,180,000 after acquiring an additional 1,025,329 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.
TJX Companies Stock Down 1.9%
TJX stock opened at $142.42 on Friday. 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 $158.50 billion, a PE ratio of 32.44, a PEG ratio of 3.22 and a beta of 0.92. The TJX Companies, Inc. has a 1-year low of $111.73 and a 1-year high of $146.46. The business’s 50 day simple moving average is $139.08 and its 200 day simple moving average is $130.74.
TJX Companies Announces Dividend
The firm 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. 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 1.2%. TJX Companies’s payout ratio is presently 38.72%.
Wall Street Analysts Forecast Growth
Several research firms have commented on TJX. Wells Fargo & Company boosted their target price on TJX Companies from $120.00 to $130.00 and gave the company an “equal weight” rating in a research note on Thursday, August 21st. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of TJX Companies in a research report on Wednesday, October 8th. Daiwa Capital Markets assumed coverage on TJX Companies in a research report on Tuesday, July 8th. They set an “outperform” rating and a $133.00 price target on the stock. Erste Group Bank assumed coverage on TJX Companies in a research report on Friday, September 5th. They set a “buy” rating on the stock. 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 research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $148.50.
Get 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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