Nelson Roberts Investment Advisors LLC reduced its position in TJX Companies Inc (NYSE:TJX) by 27.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 154,672 shares of the apparel and home fashions retailer’s stock after selling 57,548 shares during the period. TJX Companies makes up approximately 2.0% of Nelson Roberts Investment Advisors LLC’s holdings, making the stock its 16th largest holding. Nelson Roberts Investment Advisors LLC’s holdings in TJX Companies were worth $9,444,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TJX. Private Advisor Group LLC lifted its stake in shares of TJX Companies by 100.7% in the 4th quarter. Private Advisor Group LLC now owns 49,601 shares of the apparel and home fashions retailer’s stock valued at $3,028,000 after purchasing an additional 6,774,428 shares in the last quarter. BlackRock Inc. lifted its stake in shares of TJX Companies by 6.1% in the 2nd quarter. BlackRock Inc. now owns 91,057,292 shares of the apparel and home fashions retailer’s stock valued at $4,815,108,000 after purchasing an additional 5,274,627 shares in the last quarter. Unigestion Holding SA lifted its stake in shares of TJX Companies by 1,094.9% in the 3rd quarter. Unigestion Holding SA now owns 960,155 shares of the apparel and home fashions retailer’s stock valued at $53,518,000 after purchasing an additional 879,798 shares in the last quarter. Fiera Capital Corp lifted its stake in shares of TJX Companies by 6.2% in the 4th quarter. Fiera Capital Corp now owns 14,465,713 shares of the apparel and home fashions retailer’s stock valued at $883,277,000 after purchasing an additional 847,313 shares in the last quarter. Finally, Voya Investment Management LLC lifted its stake in shares of TJX Companies by 139.2% in the 3rd quarter. Voya Investment Management LLC now owns 1,358,915 shares of the apparel and home fashions retailer’s stock valued at $75,746,000 after purchasing an additional 790,787 shares in the last quarter. 88.89% of the stock is currently owned by institutional investors and hedge funds.
TJX stock traded down $0.32 during midday trading on Friday, hitting $59.80. 12,935,236 shares of the company’s stock were exchanged, compared to its average volume of 5,195,300. The company has a current ratio of 1.22, a quick ratio of 0.40 and a debt-to-equity ratio of 1.81. TJX Companies Inc has a 12-month low of $49.05 and a 12-month high of $64.95. The firm has a 50 day moving average price of $61.99 and a 200-day moving average price of $58.85. The stock has a market capitalization of $72.32 billion, a price-to-earnings ratio of 22.31, a price-to-earnings-growth ratio of 2.11 and a beta of 0.67.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Thursday, February 13th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $0.92 annualized dividend and a yield of 1.54%. TJX Companies’s dividend payout ratio is presently 34.46%.
In other TJX Companies news, Chairman Carol Meyrowitz sold 74,262 shares of TJX Companies stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $60.55, for a total transaction of $4,496,564.10. Following the sale, the chairman now directly owns 330,679 shares in the company, valued at approximately $20,022,613.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is owned by insiders.
Several equities analysts have recently weighed in on TJX shares. Loop Capital lifted their price objective on TJX Companies to $69.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Telsey Advisory Group boosted their price target on TJX Companies from $68.00 to $72.00 and gave the stock an “outperform” rating in a research report on Monday. Barclays reissued a “buy” rating on shares of TJX Companies in a research report on Thursday. Credit Suisse Group boosted their price target on TJX Companies from $62.00 to $66.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, DA Davidson boosted their price target on TJX Companies from $70.00 to $74.00 and gave the stock a “buy” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $68.86.
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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