Loring Wolcott & Coolidge Fiduciary Advisors LLP MA trimmed its position in TJX Companies Inc (NYSE:TJX) by 2.2% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 2,366,821 shares of the apparel and home fashions retailer’s stock after selling 53,514 shares during the period. TJX Companies comprises 3.9% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s investment portfolio, making the stock its 3rd biggest position. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned approximately 0.38% of TJX Companies worth $225,274,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of TJX. Summit Trail Advisors LLC grew its position in shares of TJX Companies by 7,162.0% during 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 during the period. Millennium Management LLC lifted its stake in shares of TJX Companies by 171.2% during 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 buying an additional 1,676,204 shares in the last quarter. Bank of Montreal Can purchased a new stake in shares of TJX Companies during the 2nd quarter valued at approximately $146,241,000. Eaton Vance Management lifted its stake in shares of TJX Companies by 49.7% during 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 buying an additional 970,534 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. purchased a new stake in shares of TJX Companies during the 2nd quarter valued at approximately $82,865,000. 90.78% of the stock is owned by institutional investors and hedge funds.
TJX Companies stock opened at $98.99 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.81 and a current ratio of 1.69. The firm has a market cap of $62.96 billion, a PE ratio of 24.50, a P/E/G ratio of 1.96 and a beta of 0.66. TJX Companies Inc has a fifty-two week low of $66.44 and a fifty-two week high of $101.49.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 6th. Stockholders of record on Thursday, August 16th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Wednesday, August 15th. TJX Companies’s dividend payout ratio (DPR) is currently 38.61%.
In other news, EVP Richard Sherr sold 2,220 shares of the firm’s stock in a transaction on Wednesday, May 23rd. The shares were sold at an average price of $88.03, for a total transaction of $195,426.60. Following the sale, the executive vice president now owns 90,495 shares in the company, valued at approximately $7,966,274.85. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Amy B. Lane sold 500 shares of the firm’s stock in a transaction on Wednesday, May 23rd. The shares were sold at an average price of $88.05, for a total transaction of $44,025.00. Following the sale, the director now owns 15,498 shares in the company, valued at approximately $1,364,598.90. The disclosure for this sale can be found here. Company insiders own 0.22% of the company’s stock.
Several analysts have issued reports on the stock. Zacks Investment Research cut shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Friday, July 20th. Cowen reiterated a “buy” rating and issued a $114.00 target price on shares of TJX Companies in a research note on Tuesday, July 31st. Citigroup increased their target price on shares of TJX Companies from $96.00 to $111.00 and gave the stock a “buy” rating in a research note on Tuesday, July 31st. UBS Group assumed coverage on shares of TJX Companies in a research note on Thursday, June 21st. They issued a “sell” rating and a $87.00 target price on the stock. Finally, ValuEngine upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Thursday, June 21st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have assigned a buy rating to the stock. TJX Companies presently has an average rating of “Buy” and a consensus target price of $92.76.
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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