Signature Estate & Investment Advisors LLC reduced its position in shares of The TJX Companies, Inc. (NYSE:TJX – Free Report) by 8.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,986 shares of the apparel and home fashions retailer’s stock after selling 280 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in TJX Companies were worth $369,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the company. Revolve Wealth Partners LLC lifted its position in shares of TJX Companies by 3.3% during the 2nd quarter. Revolve Wealth Partners LLC now owns 2,453 shares of the apparel and home fashions retailer’s stock worth $303,000 after purchasing an additional 79 shares during the last quarter. Clear Creek Financial Management LLC lifted its position in shares of TJX Companies by 1.8% during the 1st quarter. Clear Creek Financial Management LLC now owns 4,811 shares of the apparel and home fashions retailer’s stock worth $586,000 after purchasing an additional 83 shares during the last quarter. Knuff & Co LLC lifted its position in shares of TJX Companies by 8.5% during the 1st quarter. Knuff & Co LLC now owns 1,056 shares of the apparel and home fashions retailer’s stock worth $129,000 after purchasing an additional 83 shares during the last quarter. 3Chopt Investment Partners LLC lifted its position in shares of TJX Companies by 1.6% during the 2nd quarter. 3Chopt Investment Partners LLC now owns 5,239 shares of the apparel and home fashions retailer’s stock worth $647,000 after purchasing an additional 83 shares during the last quarter. Finally, McLean Asset Management Corp lifted its position in shares of TJX Companies by 3.2% during the 2nd quarter. McLean Asset Management Corp now owns 2,746 shares of the apparel and home fashions retailer’s stock worth $344,000 after purchasing an additional 84 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.
TJX Companies Trading Down 0.4%
NYSE TJX opened at $143.32 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.52 and a current ratio of 1.17. The firm has a market cap of $159.50 billion, a PE ratio of 32.65, a P/E/G ratio of 3.19 and a beta of 0.92. The TJX Companies, Inc. has a one year low of $111.73 and a one year high of $146.46. The firm’s fifty day moving average is $139.55 and its two-hundred day moving average is $131.11.
TJX Companies Announces Dividend
The firm 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. The ex-dividend date is Thursday, November 13th. This represents a $1.70 dividend on an annualized basis and a yield of 1.2%. TJX Companies’s payout ratio is currently 38.72%.
Analyst Ratings Changes
Several equities research analysts recently commented on the stock. Barclays lifted their price target on shares of TJX Companies from $147.00 to $155.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Citigroup lifted their price target on shares of TJX Companies from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, August 21st. Telsey Advisory Group reiterated an “outperform” rating and set a $155.00 price target (up from $150.00) on shares of TJX Companies in a research note on Wednesday, August 20th. Erste Group Bank assumed coverage on shares of TJX Companies in a research note on Friday, September 5th. They set a “buy” rating on the stock. Finally, Wells Fargo & Company lifted their price target on shares of TJX Companies from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research note 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 assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $148.50.
Get Our Latest Stock Report on TJX Companies
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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