Signature Estate & Investment Advisors LLC decreased its position in The TJX Companies, Inc. (NYSE:TJX – Free Report) by 8.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in TJX. Brighton Jones LLC boosted its holdings 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 acquiring an additional 8,002 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in TJX Companies by 12.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer’s stock worth $262,000 after buying an additional 235 shares in the last quarter. Bison Wealth LLC boosted its holdings in TJX Companies by 32.9% during the fourth quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer’s stock worth $466,000 after buying an additional 955 shares in the last quarter. GAMMA Investing LLC boosted its holdings in TJX Companies by 19.8% during the first quarter. GAMMA Investing LLC now owns 23,909 shares of the apparel and home fashions retailer’s stock worth $2,912,000 after buying an additional 3,944 shares in the last quarter. Finally, Crews Bank & Trust boosted its holdings in TJX Companies by 5.8% during the first quarter. Crews Bank & Trust now owns 2,313 shares of the apparel and home fashions retailer’s stock worth $282,000 after buying an additional 127 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.
TJX Companies Stock Down 0.4%
Shares of NYSE TJX opened at $143.32 on Tuesday. The TJX Companies, Inc. has a 12-month low of $111.73 and a 12-month high of $146.46. The company has a market capitalization of $159.50 billion, a PE ratio of 32.65, a price-to-earnings-growth ratio of 3.19 and a beta of 0.92. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 0.52. The firm’s 50-day moving average is $139.55 and its two-hundred day moving average is $131.11.
TJX Companies Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be given 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 of this dividend is Thursday, November 13th. TJX Companies’s payout ratio is currently 38.72%.
Analyst Upgrades and Downgrades
TJX has been the topic of a number of research analyst reports. Wall Street Zen raised shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, August 23rd. Macquarie reissued a “buy” rating on shares of TJX Companies in a report on Monday, August 11th. Citigroup boosted 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. Morgan Stanley boosted their price objective on shares of TJX Companies from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Finally, UBS Group boosted their price objective on shares of TJX Companies from $164.00 to $172.00 and gave the stock a “buy” rating in a report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $148.50.
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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