InTrack Investment Management Inc lowered its position in The TJX Companies, Inc. (NYSE:TJX – Free Report) by 29.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 5,270 shares of the apparel and home fashions retailer’s stock after selling 2,227 shares during the quarter. InTrack Investment Management Inc’s holdings in TJX Companies were worth $651,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in TJX. Brighton Jones LLC increased its stake in shares of TJX Companies by 113.7% in the fourth quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer’s stock valued at $1,817,000 after buying an additional 8,002 shares during the period. Revolve Wealth Partners LLC increased its stake in shares of TJX Companies by 12.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer’s stock valued at $262,000 after buying an additional 235 shares during the period. Bison Wealth LLC increased its stake in shares of TJX Companies by 32.9% in the fourth quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer’s stock valued at $466,000 after buying an additional 955 shares during the period. Capital Investment Advisors LLC increased its stake in shares of TJX Companies by 4.8% in the first quarter. Capital Investment Advisors LLC now owns 5,085 shares of the apparel and home fashions retailer’s stock valued at $619,000 after buying an additional 232 shares during the period. Finally, Portside Wealth Group LLC increased its position in TJX Companies by 4.9% during the 1st quarter. Portside Wealth Group LLC now owns 2,552 shares of the apparel and home fashions retailer’s stock valued at $311,000 after purchasing an additional 120 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.
TJX Companies Price Performance
TJX Companies stock opened at $140.68 on Thursday. The stock has a market capitalization of $156.57 billion, a price-to-earnings ratio of 32.05, a PEG ratio of 3.17 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. The stock’s 50 day moving average price is $137.50 and its two-hundred day moving average price is $129.83. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.52 and a current ratio of 1.17.
TJX Companies Dividend Announcement
The company 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 $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, November 13th. TJX Companies’s dividend payout ratio (DPR) is currently 38.72%.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on TJX. JPMorgan Chase & Co. increased 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. Daiwa America raised shares of TJX Companies to a “strong-buy” rating in a research report on Tuesday, July 8th. Wall Street Zen raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, August 23rd. Sanford C. Bernstein increased their target price on shares of TJX Companies from $145.00 to $152.00 and gave the company an “outperform” rating in a research report on Thursday, August 21st. Finally, Morgan Stanley increased 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 equities research 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, TJX Companies currently has an average rating of “Buy” and an average target price of $147.63.
Check Out Our Latest 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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