Whitnell & Co. lifted its holdings in TJX Companies Inc (NYSE:TJX) by 15.1% during the third quarter, HoldingsChannel.com reports. The firm owned 25,000 shares of the apparel and home fashions retailer’s stock after purchasing an additional 3,275 shares during the period. Whitnell & Co.’s holdings in TJX Companies were worth $1,394,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Krane Funds Advisors LLC bought a new stake in shares of TJX Companies in the second quarter worth $25,000. Prestige Wealth Management Group LLC bought a new stake in TJX Companies during the second quarter worth $25,000. Strategic Blueprint LLC bought a new stake in TJX Companies during the third quarter worth $32,000. Capital Advisors Ltd. LLC raised its position 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 worth $31,000 after acquiring an additional 393 shares in the last quarter. Finally, Bridger Capital Management LLC bought a new stake in TJX Companies during the third quarter worth $40,000. 89.39% of the stock is currently owned by institutional investors and hedge funds.
Shares of TJX stock traded down $0.07 on Friday, hitting $59.23. The company’s stock had a trading volume of 2,262,721 shares, compared to its average volume of 5,843,974. 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 stock’s 50 day moving average is $57.44 and its 200-day moving average is $54.64. TJX Companies Inc has a fifty-two week low of $41.49 and a fifty-two week high of $60.89. The company has a market capitalization of $71.62 billion, a PE ratio of 28.07, a PEG ratio of 2.14 and a beta of 0.67.
The firm also recently declared a — dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be paid a $0.23 dividend. The ex-dividend date is Wednesday, November 13th. This represents a dividend yield of 1.7%. TJX Companies’s dividend payout ratio (DPR) is presently 43.60%.
Several equities analysts have commented on TJX shares. Cowen set a $62.00 price objective on shares of TJX Companies and gave the company a “buy” rating in a report on Tuesday, August 20th. Loop Capital upped their price objective on shares of TJX Companies to $65.00 and gave the company a “buy” rating in a report on Thursday, October 17th. ValuEngine downgraded shares of TJX Companies from a “sell” rating to a “strong sell” rating in a report on Monday, November 4th. UBS Group upgraded shares of TJX Companies from a “sell” rating to a “neutral” rating and upped their price objective for the company from $41.00 to $58.00 in a report on Tuesday, September 17th. Finally, Nomura started coverage on shares of TJX Companies in a report on Thursday. They issued a “buy” rating and a $65.00 price objective on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $60.17.
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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