Comerica Securities Inc. trimmed its holdings in TJX Companies Inc (NYSE:TJX) by 13.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,761 shares of the apparel and home fashions retailer’s stock after selling 1,991 shares during the quarter. Comerica Securities Inc.’s holdings in TJX Companies were worth $1,429,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Moody Aldrich Partners LLC acquired a new position in TJX Companies in the second quarter valued at approximately $57,774,000. LFA Lugano Financial Advisors SA acquired a new position in TJX Companies in the third quarter valued at approximately $114,000. Patriot Financial Group Insurance Agency LLC acquired a new position in TJX Companies in the third quarter valued at approximately $115,000. Cornerstone Advisors Inc. boosted its holdings in TJX Companies by 280.2% in the second quarter. Cornerstone Advisors Inc. now owns 1,114 shares of the apparel and home fashions retailer’s stock valued at $106,000 after purchasing an additional 821 shares in the last quarter. Finally, Icon Wealth Partners LLC acquired a new position in TJX Companies in the second quarter valued at approximately $106,000. 90.12% of the stock is owned by hedge funds and other institutional investors.
TJX Companies stock opened at $55.42 on Thursday. TJX Companies Inc has a 12 month low of $33.22 and a 12 month high of $56.64. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.64 and a quick ratio of 0.77. The company has a market cap of $67.75 billion, a PE ratio of 13.72, a P/E/G ratio of 2.04 and a beta of 0.65.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 6th. Stockholders of record on Thursday, November 15th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend is Wednesday, November 14th. TJX Companies’s dividend payout ratio (DPR) is presently 38.61%.
TJX has been the subject of a number of research analyst reports. Telsey Advisory Group upped their price target on TJX Companies from $46.00 to $55.00 and gave the company a “market perform” rating in a report on Wednesday, August 22nd. DA Davidson initiated coverage on TJX Companies in a report on Tuesday, September 25th. They issued a “buy” rating and a $65.00 price target for the company. Buckingham Research upped their price target on TJX Companies from $50.00 to $56.00 and gave the company a “buy” rating in a report on Monday, August 20th. Loop Capital reissued a “hold” rating and issued a $52.50 price objective on shares of TJX Companies in a report on Tuesday, August 21st. Finally, Credit Suisse Group increased their price objective on TJX Companies from $50.00 to $54.00 and gave the company a “neutral” rating in a report on Wednesday, August 22nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seventeen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $54.06.
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TJX Companies Company Profile
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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