Arbor Trust Wealth Advisors LLC trimmed its position in shares of The TJX Companies, Inc. (NYSE:TJX – Free Report) by 2.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,572 shares of the apparel and home fashions retailer’s stock after selling 535 shares during the period. TJX Companies makes up approximately 1.4% of Arbor Trust Wealth Advisors LLC’s holdings, making the stock its 28th biggest holding. Arbor Trust Wealth Advisors LLC’s holdings in TJX Companies were worth $2,787,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. TCTC Holdings LLC increased its holdings in shares of TJX Companies by 210.1% in the 1st quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer’s stock worth $26,000 after buying an additional 145 shares during the last quarter. Princeton Global Asset Management LLC purchased a new position in TJX Companies in the second quarter worth about $28,000. Legacy Investment Solutions LLC bought a new stake in TJX Companies during the second quarter worth approximately $32,000. True Wealth Design LLC raised its position in TJX Companies by 121.1% during the second quarter. True Wealth Design LLC now owns 272 shares of the apparel and home fashions retailer’s stock valued at $34,000 after purchasing an additional 149 shares during the period. Finally, Iron Horse Wealth Management LLC boosted its holdings in shares of TJX Companies by 99.3% in the 1st quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer’s stock worth $36,000 after purchasing an additional 149 shares during the period. Institutional investors own 91.09% of the company’s stock.
TJX Companies Stock Performance
Shares of TJX Companies stock opened at $144.59 on Friday. The company has a current ratio of 1.17, a quick ratio of 0.52 and a debt-to-equity ratio of 0.32. The stock’s fifty day moving average price is $141.57 and its 200-day moving average price is $132.79. The firm has a market cap of $160.92 billion, a P/E ratio of 32.94, a P/E/G ratio of 3.14 and a beta of 0.90. The TJX Companies, Inc. has a 12 month low of $112.10 and a 12 month high of $146.46.
TJX Companies Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 13th will be issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, November 13th. TJX Companies’s dividend payout ratio (DPR) is presently 38.72%.
Analyst Upgrades and Downgrades
Several research firms have commented on TJX. Sanford C. Bernstein lifted their price objective on shares of TJX Companies from $145.00 to $152.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. BTIG Research began coverage on shares of TJX Companies in a research note on Tuesday, October 14th. They issued a “buy” rating and a $165.00 price objective for the company. Erste Group Bank assumed coverage on TJX Companies in a research note on Friday, September 5th. They set a “buy” rating on the stock. Bank of America raised their price target on TJX Companies from $145.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, August 21st. Finally, Robert W. Baird boosted their price objective on TJX Companies from $143.00 to $152.00 and gave the company an “outperform” rating in a report on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $149.00.
Check Out Our Latest Stock Report on TJX
TJX Companies Profile
The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. 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, and gourmet food departments; jewelry and accessories; and other merchandise.
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