Trillium Asset Management LLC cut its position in TJX Companies Inc (NYSE:TJX) by 0.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 567,041 shares of the apparel and home fashions retailer’s stock after selling 325 shares during the period. TJX Companies comprises 1.5% of Trillium Asset Management LLC’s portfolio, making the stock its 11th largest holding. Trillium Asset Management LLC’s holdings in TJX Companies were worth $31,607,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Krane Funds Advisors LLC purchased a new position in TJX Companies during the second quarter valued at $25,000. Prestige Wealth Management Group LLC purchased a new position in TJX Companies during the second quarter valued at $25,000. Capital Advisors Ltd. LLC grew its stake in TJX Companies by 202.6% during the second quarter. Capital Advisors Ltd. LLC now owns 587 shares of the apparel and home fashions retailer’s stock valued at $31,000 after acquiring an additional 393 shares in the last quarter. Strategic Blueprint LLC purchased a new position in TJX Companies during the third quarter valued at $32,000. Finally, Manchester Financial Inc. purchased a new position in TJX Companies during the second quarter valued at $37,000. 89.33% of the stock is owned by hedge funds and other institutional investors.
TJX stock traded up $0.04 during trading on Wednesday, hitting $58.44. 3,997,616 shares of the company’s stock traded hands, compared to its average volume of 5,811,904. TJX Companies Inc has a 52 week low of $41.49 and a 52 week high of $60.89. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.48 and a current ratio of 1.25. The business has a fifty day simple moving average of $57.74 and a 200 day simple moving average of $54.71. The stock has a market capitalization of $71.61 billion, a price-to-earnings ratio of 27.70, a P/E/G ratio of 2.14 and a beta of 0.67.
The firm also recently disclosed a — dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a yield of 1.7%. TJX Companies’s dividend payout ratio (DPR) is currently 43.60%.
Several equities analysts recently weighed in on the stock. Nomura assumed coverage on shares of TJX Companies in a research note on Thursday, November 7th. They set a “buy” rating and a $65.00 target price for the company. UBS Group raised shares of TJX Companies from a “sell” rating to a “neutral” rating and raised their target price for the company from $41.00 to $58.00 in a research note on Tuesday, September 17th. Bank of America set a $65.00 target price on shares of TJX Companies and gave the company a “buy” rating in a research note on Wednesday, August 21st. Barclays assumed coverage on shares of TJX Companies in a research note on Tuesday. They set an “overweight” rating and a $66.00 target price for the company. Finally, MKM Partners set a $62.00 target price on shares of TJX Companies and gave the company a “buy” rating in a research note on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the stock. TJX Companies presently has a consensus rating of “Buy” and a consensus target price of $61.17.
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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