Ontario Teachers Pension Plan Board trimmed its holdings in TJX Companies Inc (NYSE:TJX) by 14.9% in the third quarter, HoldingsChannel reports. The firm owned 73,590 shares of the apparel and home fashions retailer’s stock after selling 12,876 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in TJX Companies were worth $8,244,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Cornerstone Advisors Inc. grew its position in shares of TJX Companies by 280.2% during the 2nd quarter. Cornerstone Advisors Inc. now owns 1,114 shares of the apparel and home fashions retailer’s stock valued at $106,000 after acquiring an additional 821 shares during the period. Cornerstone Wealth Management LLC bought a new position in shares of TJX Companies during the 2nd quarter valued at approximately $553,000. BTIM Corp. bought a new position in shares of TJX Companies during the 2nd quarter valued at approximately $4,865,000. Tyvor Capital LLC grew its position in shares of TJX Companies by 225.2% during the 2nd quarter. Tyvor Capital LLC now owns 42,691 shares of the apparel and home fashions retailer’s stock valued at $4,063,000 after acquiring an additional 29,564 shares during the period. Finally, Whitnell & Co. grew its position in shares of TJX Companies by 22.7% during the 2nd quarter. Whitnell & Co. now owns 7,850 shares of the apparel and home fashions retailer’s stock valued at $747,000 after acquiring an additional 1,450 shares during the period. 45.09% of the stock is owned by hedge funds and other institutional investors.
TJX opened at $45.86 on Friday. The company has a market capitalization of $57.12 billion, a P/E ratio of 18.73, a price-to-earnings-growth ratio of 1.73 and a beta of 0.65. TJX Companies Inc has a 12 month low of $35.25 and a 12 month high of $56.64. The company has a quick ratio of 0.77, a current ratio of 1.55 and a debt-to-equity ratio of 0.42.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 6th. Shareholders of record on Thursday, November 15th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 3.40%. The ex-dividend date is Wednesday, November 14th. TJX Companies’s dividend payout ratio is presently 38.61%.
A number of research firms have recently weighed in on TJX. Guggenheim reissued a “buy” rating on shares of TJX Companies in a research report on Tuesday, August 21st. Zacks Investment Research downgraded shares of TJX Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, October 23rd. ValuEngine downgraded shares of TJX Companies from a “sell” rating to a “strong sell” rating in a research report on Wednesday, November 7th. Barclays set a $59.00 target price on shares of TJX Companies and gave the company a “hold” rating in a research report on Thursday, November 8th. Finally, DA Davidson began coverage on shares of TJX Companies in a research report on Tuesday, September 25th. They set a “buy” rating and a $65.00 target price for the company. Two analysts have rated the stock with a sell rating, ten have given a hold rating and sixteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $53.19.
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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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