1832 Asset Management L.P. lessened its holdings in shares of The TJX Companies, Inc. (NYSE:TJX – Free Report) by 7.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,032,892 shares of the apparel and home fashions retailer’s stock after selling 378,978 shares during the period. TJX Companies makes up 0.6% of 1832 Asset Management L.P.’s portfolio, making the stock its 23rd biggest position. 1832 Asset Management L.P.’s holdings in TJX Companies were worth $613,006,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the business. Brighton Jones LLC lifted its stake in TJX Companies by 113.7% in the 4th 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 lifted its stake in TJX Companies by 12.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer’s stock valued at $262,000 after acquiring an additional 235 shares in the last quarter. MGO One Seven LLC lifted its stake in TJX Companies by 35.7% in the 4th quarter. MGO One Seven LLC now owns 39,724 shares of the apparel and home fashions retailer’s stock valued at $4,799,000 after acquiring an additional 10,454 shares in the last quarter. Coppell Advisory Solutions LLC lifted its stake in TJX Companies by 31.8% in the 4th quarter. Coppell Advisory Solutions LLC now owns 435 shares of the apparel and home fashions retailer’s stock valued at $53,000 after acquiring an additional 105 shares in the last quarter. Finally, Burling Wealth Partners LLC bought a new stake in TJX Companies in the 4th quarter valued at approximately $3,141,000. Institutional investors own 91.09% of the company’s stock.
TJX Companies Stock Down 0.7%
TJX stock opened at $137.3490 on Friday. The company has a current ratio of 1.17, a quick ratio of 0.51 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $153.43 billion, a PE ratio of 31.29, a PEG ratio of 3.18 and a beta of 0.89. The TJX Companies, Inc. has a 1-year low of $111.22 and a 1-year high of $145.58. The business’s 50 day simple moving average is $126.74 and its 200 day simple moving average is $125.40.
TJX Companies Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, August 14th. TJX Companies’s dividend payout ratio is presently 40.00%.
Insider Buying and Selling at TJX Companies
In other news, Director Amy B. Lane sold 950 shares of the company’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total transaction of $121,685.50. Following the completion of the sale, the director directly owned 22,712 shares in the company, valued at approximately $2,909,180.08. This represents a 4.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.13% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on the company. Macquarie restated a “buy” rating on shares of TJX Companies in a research note on Monday, August 11th. Morgan Stanley boosted their target price on TJX Companies from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday. Daiwa Capital Markets began coverage on TJX Companies in a research note on Tuesday, July 8th. They set an “outperform” rating and a $133.00 price objective on the stock. TD Securities upped their price objective on TJX Companies from $140.00 to $142.00 and gave the stock a “buy” rating in a research note on Tuesday, May 20th. Finally, Robert W. Baird upped their price objective on TJX Companies from $143.00 to $152.00 and gave the stock an “outperform” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, twenty 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 $147.58.
Get Our Latest Stock Report on TJX
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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