LS Investment Advisors LLC increased its position in TJX Companies Inc (NYSE:TJX) by 1.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,808 shares of the apparel and home fashions retailer’s stock after purchasing an additional 884 shares during the quarter. LS Investment Advisors LLC’s holdings in TJX Companies were worth $2,951,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the stock. CSU Producer Resources Inc. bought a new stake in TJX Companies during the 1st quarter valued at $27,000. Ellevest Inc. boosted its position in shares of TJX Companies by 1,428.9% in the 1st quarter. Ellevest Inc. now owns 9,632 shares of the apparel and home fashions retailer’s stock worth $31,000 after purchasing an additional 9,002 shares in the last quarter. Capital Advisors Ltd. LLC boosted its position in shares of TJX Companies by 202.6% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 587 shares of the apparel and home fashions retailer’s stock worth $31,000 after purchasing an additional 393 shares in the last quarter. Lenox Wealth Management Inc. boosted its position in shares of TJX Companies by 92.0% in the 1st quarter. Lenox Wealth Management Inc. now owns 626 shares of the apparel and home fashions retailer’s stock worth $33,000 after purchasing an additional 300 shares in the last quarter. Finally, Manchester Financial Inc. acquired a new stake in shares of TJX Companies in the 2nd quarter worth $37,000. 89.45% of the stock is currently owned by institutional investors.
Shares of NYSE:TJX traded down $0.11 during trading on Tuesday, reaching $53.34. 174,701 shares of the company’s stock traded hands, compared to its average volume of 7,741,880. TJX Companies Inc has a fifty-two week low of $41.49 and a fifty-two week high of $57.15. The company has a quick ratio of 0.48, a current ratio of 1.25 and a debt-to-equity ratio of 1.88. The firm has a market cap of $64.38 billion, a PE ratio of 25.34, a P/E/G ratio of 1.92 and a beta of 0.73. The company has a 50-day simple moving average of $53.84 and a 200-day simple moving average of $52.87.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend is Wednesday, August 14th. TJX Companies’s dividend payout ratio (DPR) is presently 43.60%.
In other news, Director David T. Ching sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $52.20, for a total transaction of $1,044,000.00. Following the sale, the director now directly owns 28,771 shares in the company, valued at approximately $1,501,846.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is owned by company insiders.
A number of analysts have recently weighed in on the company. DA Davidson set a $65.00 price objective on TJX Companies and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Cowen set a $62.00 price objective on TJX Companies and gave the stock a “buy” rating in a research report on Tuesday, August 20th. Argus reissued a “buy” rating on shares of TJX Companies in a research report on Wednesday, July 3rd. Bank of America set a $65.00 price objective on TJX Companies and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Finally, Zacks Investment Research raised TJX Companies from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research report on Friday, May 24th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $59.56.
TJX Companies 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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