Qube Research & Technologies Ltd lessened its holdings in shares of TJX Companies Inc (NYSE:TJX) by 65.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,337 shares of the apparel and home fashions retailer’s stock after selling 25,108 shares during the quarter. Qube Research & Technologies Ltd’s holdings in TJX Companies were worth $705,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Wallington Asset Management LLC boosted its position in shares of TJX Companies by 2.7% during the 1st quarter. Wallington Asset Management LLC now owns 262,424 shares of the apparel and home fashions retailer’s stock valued at $13,964,000 after acquiring an additional 6,890 shares during the last quarter. Ashburton Jersey Ltd raised its holdings in TJX Companies by 400.9% in the 1st quarter. Ashburton Jersey Ltd now owns 5,860 shares of the apparel and home fashions retailer’s stock valued at $312,000 after buying an additional 4,690 shares during the period. Cetera Advisors LLC raised its holdings in TJX Companies by 13.4% in the 1st quarter. Cetera Advisors LLC now owns 27,975 shares of the apparel and home fashions retailer’s stock valued at $1,491,000 after buying an additional 3,303 shares during the period. Seelaus Asset Management LLC purchased a new stake in TJX Companies in the 1st quarter valued at about $1,121,000. Finally, Confluence Investment Management LLC raised its holdings in TJX Companies by 2.1% in the 2nd quarter. Confluence Investment Management LLC now owns 1,060,531 shares of the apparel and home fashions retailer’s stock valued at $56,081,000 after buying an additional 21,974 shares during the period. 89.45% of the stock is currently owned by institutional investors.
Shares of TJX stock traded up $0.37 during trading hours on Monday, reaching $51.76. 70,087 shares of the stock were exchanged, compared to its average volume of 5,618,428. The business’s fifty day moving average is $54.03 and its two-hundred day moving average is $52.74. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.23 and a quick ratio of 0.46. TJX Companies Inc has a 12-month low of $41.49 and a 12-month high of $57.15. The firm has a market capitalization of $60.88 billion, a P/E ratio of 24.54, a P/E/G ratio of 1.75 and a beta of 0.73.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend is Wednesday, August 14th. TJX Companies’s dividend payout ratio (DPR) is 43.60%.
Several brokerages recently issued reports on TJX. Loop Capital upgraded shares of TJX Companies from a “hold” rating to a “buy” rating and boosted their price objective for the company from $50.00 to $60.00 in a report on Friday. Cowen set a $63.00 price target on shares of TJX Companies and gave the stock a “buy” rating in a research note on Tuesday, June 4th. Nomura boosted their price target on shares of TJX Companies from $57.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, June 25th. Zacks Investment Research upgraded shares of TJX Companies from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research note on Friday, May 24th. Finally, ValuEngine lowered shares of TJX Companies from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eighteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $58.80.
In related news, Director David T. Ching sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $52.20, for a total value of $1,044,000.00. Following the completion of the transaction, the director now directly owns 28,771 shares of the company’s stock, valued at $1,501,846.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Richard Sherr sold 1,480 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $51.35, for a total value of $75,998.00. Following the completion of the transaction, the executive vice president now directly owns 117,228 shares of the company’s stock, valued at $6,019,657.80. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.
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, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry and accessories; footwear; and other merchandise.
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