TJX Companies Inc (TJX) Holdings Decreased by Prio Wealth Limited Partnership
Prio Wealth Limited Partnership lowered its holdings in TJX Companies Inc (NYSE:TJX) by 31.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 86,365 shares of the apparel and home fashions retailer’s stock after selling 38,737 shares during the period. Prio Wealth Limited Partnership’s holdings in TJX Companies were worth $8,220,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in TJX. Summit Trail Advisors LLC raised its holdings in shares of TJX Companies by 7,162.0% in the 1st quarter. Summit Trail Advisors LLC now owns 3,321,292 shares of the apparel and home fashions retailer’s stock valued at $3,321,000 after acquiring an additional 3,275,557 shares in the last quarter. Millennium Management LLC raised its holdings in shares of TJX Companies by 171.2% in the 1st quarter. Millennium Management LLC now owns 2,655,393 shares of the apparel and home fashions retailer’s stock valued at $216,574,000 after acquiring an additional 1,676,204 shares in the last quarter. Bank of Montreal Can purchased a new stake in shares of TJX Companies in the 2nd quarter valued at about $146,241,000. Eaton Vance Management raised its holdings in shares of TJX Companies by 49.7% in the 1st quarter. Eaton Vance Management now owns 2,923,959 shares of the apparel and home fashions retailer’s stock valued at $238,478,000 after acquiring an additional 970,534 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. purchased a new stake in shares of TJX Companies in the 2nd quarter valued at about $82,865,000. 90.89% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE TJX opened at $100.70 on Friday. The stock has a market cap of $62.40 billion, a P/E ratio of 22.94, a PEG ratio of 1.94 and a beta of 0.66. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.81 and a current ratio of 1.69. TJX Companies Inc has a 1-year low of $66.44 and a 1-year high of $101.23.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 6th. Investors of record on Thursday, August 16th will be issued a dividend of $0.39 per share. The ex-dividend date is Wednesday, August 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.55%. TJX Companies’s dividend payout ratio is 38.61%.
Several analysts have weighed in on the company. Zacks Investment Research cut TJX Companies from a “buy” rating to a “hold” rating in a report on Friday, July 20th. Cowen reaffirmed a “buy” rating and issued a $114.00 price target on shares of TJX Companies in a report on Tuesday, July 31st. Citigroup raised their price target on TJX Companies from $96.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday, July 31st. UBS Group assumed coverage on TJX Companies in a report on Thursday, June 21st. They issued a “sell” rating and a $87.00 price target on the stock. Finally, ValuEngine raised TJX Companies from a “hold” rating to a “buy” rating in a report on Thursday, June 21st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $92.76.
In other TJX Companies news, EVP Richard Sherr sold 2,220 shares of TJX Companies stock in a transaction that occurred on Wednesday, May 23rd. The stock was sold at an average price of $88.03, for a total value of $195,426.60. Following the transaction, the executive vice president now directly owns 90,495 shares of the company’s stock, valued at approximately $7,966,274.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Amy B. Lane sold 500 shares of TJX Companies stock in a transaction that occurred on Wednesday, May 23rd. The stock was sold at an average price of $88.05, for a total value of $44,025.00. Following the completion of the transaction, the director now directly owns 15,498 shares in the company, valued at $1,364,598.90. The disclosure for this sale can be found here. Company insiders own 0.22% of the company’s stock.
About TJX Companies
The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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, accent furniture, lamps, rugs, wall décor, decorative accessories, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise.
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