Palisade Asset Management LLC lessened its holdings in TJX Companies Inc (NYSE:TJX) by 0.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 96,454 shares of the apparel and home fashions retailer’s stock after selling 400 shares during the quarter. Palisade Asset Management LLC’s holdings in TJX Companies were worth $5,100,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of TJX. Wallington Asset Management LLC grew its stake 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 worth $13,964,000 after purchasing an additional 6,890 shares during the period. Ashburton Jersey Ltd grew its stake in shares of TJX Companies by 400.9% during the 1st quarter. Ashburton Jersey Ltd now owns 5,860 shares of the apparel and home fashions retailer’s stock worth $312,000 after purchasing an additional 4,690 shares during the period. Cetera Advisors LLC grew its stake in shares of TJX Companies by 13.4% during the 1st quarter. Cetera Advisors LLC now owns 27,975 shares of the apparel and home fashions retailer’s stock worth $1,491,000 after purchasing an additional 3,303 shares during the period. Seelaus Asset Management LLC acquired a new stake in shares of TJX Companies during the 1st quarter worth approximately $1,121,000. Finally, Confluence Investment Management LLC grew its stake in shares of TJX Companies by 2.1% during the 2nd quarter. Confluence Investment Management LLC now owns 1,060,531 shares of the apparel and home fashions retailer’s stock worth $56,081,000 after purchasing an additional 21,974 shares during the period. Institutional investors own 88.82% of the company’s stock.
Shares of NYSE:TJX traded down $2.05 during midday trading on Monday, reaching $50.31. 2,954,120 shares of the company’s stock traded hands, compared to its average volume of 4,822,596. TJX Companies Inc has a 1 year low of $41.49 and a 1 year high of $57.15. The stock has a market cap of $63.50 billion, a P/E ratio of 23.84, a P/E/G ratio of 1.83 and a beta of 0.73. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.46 and a current ratio of 1.23. The company has a fifty day simple moving average of $54.36.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $0.92 dividend on an annualized basis and a yield of 1.83%. TJX Companies’s payout ratio is currently 43.60%.
A number of equities research analysts have recently commented on the stock. ValuEngine cut shares of TJX Companies from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. MKM Partners raised their price objective on shares of TJX Companies to $62.00 in a research note on Thursday, May 23rd. Cowen set a $63.00 target price on TJX Companies and gave the company a “buy” rating in a research report on Tuesday, June 4th. Nomura increased their target price on TJX Companies from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, June 25th. Finally, Argus reiterated a “buy” rating on shares of TJX Companies in a research report on Wednesday, July 3rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seventeen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $58.34.
In other TJX Companies news, EVP Richard Sherr sold 1,480 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $51.35, for a total value of $75,998.00. Following the transaction, the executive vice president now owns 117,228 shares in the company, valued at approximately $6,019,657.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David T. Ching sold 20,000 shares of the firm’s stock in a transaction on Wednesday, June 12th. The shares were 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 owns 28,771 shares in the company, valued at approximately $1,501,846.20. The disclosure for this sale can be found here. Company 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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