Icon Advisers Inc. Co. boosted its holdings in shares of TJX Companies Inc (NYSE:TJX) by 18.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,602 shares of the apparel and home fashions retailer’s stock after purchasing an additional 2,400 shares during the quarter. Icon Advisers Inc. Co.’s holdings in TJX Companies were worth $825,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Wallington Asset Management LLC raised its stake in TJX Companies by 2.7% during the first quarter. Wallington Asset Management LLC now owns 262,424 shares of the apparel and home fashions retailer’s stock valued at $13,964,000 after purchasing an additional 6,890 shares in the last quarter. Ashburton Jersey Ltd increased its position in TJX Companies by 400.9% during the first quarter. Ashburton Jersey Ltd now owns 5,860 shares of the apparel and home fashions retailer’s stock valued at $312,000 after acquiring an additional 4,690 shares during the last quarter. Cetera Advisors LLC increased its position in TJX Companies by 13.4% during the first quarter. Cetera Advisors LLC now owns 27,975 shares of the apparel and home fashions retailer’s stock valued at $1,491,000 after acquiring an additional 3,303 shares during the last quarter. Seelaus Asset Management LLC bought a new position in TJX Companies during the first quarter valued at $1,121,000. Finally, Confluence Investment Management LLC increased its position in TJX Companies by 2.1% during the second quarter. Confluence Investment Management LLC now owns 1,060,531 shares of the apparel and home fashions retailer’s stock valued at $56,081,000 after acquiring an additional 21,974 shares during the last quarter. 88.81% of the stock is currently owned by institutional investors.
Shares of NYSE TJX traded up $1.19 during mid-day trading on Friday, reaching $51.39. The company had a trading volume of 8,998,200 shares, compared to its average volume of 5,618,428. The business’s 50-day moving average is $54.03 and its 200-day moving average is $52.74. The company has a current ratio of 1.23, a quick ratio of 0.46 and a debt-to-equity ratio of 1.92. The stock has a market cap of $60.88 billion, a price-to-earnings ratio of 24.36, a price-to-earnings-growth ratio of 1.75 and a beta of 0.73. TJX Companies Inc has a 52 week low of $41.49 and a 52 week high of $57.15.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.79%. The ex-dividend date is Wednesday, August 14th. TJX Companies’s payout ratio is 43.60%.
In other TJX Companies news, EVP Richard Sherr sold 1,480 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $51.35, for a total transaction of $75,998.00. Following the transaction, the executive vice president now directly owns 117,228 shares in the company, valued at approximately $6,019,657.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David T. Ching sold 20,000 shares of the stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $52.20, for a total transaction of $1,044,000.00. Following the transaction, the director now owns 28,771 shares in the company, valued at $1,501,846.20. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.
A number of research analysts have weighed in on the stock. Loop Capital upgraded shares of TJX Companies from a “hold” rating to a “buy” rating and boosted their price objective for the company from $50.00 to $60.00 in a research report on Friday. MKM Partners boosted their price objective on shares of TJX Companies to $62.00 in a research report on Thursday, May 23rd. Nomura boosted their price objective on shares of TJX Companies from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, June 25th. Zacks Investment Research upgraded shares of TJX Companies from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research report on Friday, May 24th. Finally, Argus reiterated a “buy” rating on shares of TJX Companies in a research report on Wednesday, July 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eighteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $58.80.
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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