Winthrop Advisory Group LLC lessened its stake in The TJX Companies, Inc. (NYSE:TJX – Free Report) by 6.4% in the 2nd quarter, Holdings Channel reports. The firm owned 2,174 shares of the apparel and home fashions retailer’s stock after selling 149 shares during the period. Winthrop Advisory Group LLC’s holdings in TJX Companies were worth $268,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Pinnacle Financial Partners Inc grew its position in TJX Companies by 2.2% in the 1st 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 acquiring an additional 8,319 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in shares of TJX Companies by 1.7% in the first quarter. State of Alaska Department of Revenue now owns 181,712 shares of the apparel and home fashions retailer’s stock valued at $22,132,000 after purchasing an additional 3,125 shares in the last quarter. FCG Investment Co acquired a new position in shares of TJX Companies in the first quarter valued at approximately $2,620,000. MinichMacGregor Wealth Management LLC acquired a new position in shares of TJX Companies in the second quarter worth $5,045,000. Finally, Mainstream Capital Management LLC grew its stake in shares of 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 worth $1,516,000 after acquiring an additional 515 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.
TJX Companies Stock Performance
Shares of TJX opened at $142.70 on Wednesday. The stock has a 50 day moving average price of $137.20 and a 200 day moving average price of $129.75. 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 has a market capitalization of $158.81 billion, a price-to-earnings ratio of 32.51, a price-to-earnings-growth ratio of 3.22 and a beta of 0.92. The TJX Companies, Inc. has a 52-week low of $111.73 and a 52-week high of $145.58.
TJX Companies Dividend Announcement
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 paid a $0.425 dividend. 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 currently 38.72%.
Wall Street Analyst Weigh In
Several research analysts recently commented on TJX shares. UBS Group boosted 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. Barclays boosted their price objective on TJX Companies from $147.00 to $155.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Sanford C. Bernstein boosted their price objective on TJX Companies from $145.00 to $152.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. JPMorgan Chase & Co. boosted their price objective on TJX Companies from $148.00 to $149.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Wells Fargo & Company boosted their price target on shares of TJX Companies from $120.00 to $130.00 and gave the stock an “equal weight” rating in a report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $147.63.
Check Out Our Latest Report 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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