First National Bank of Mount Dora Trust Investment Services cut its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 23.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,346 shares of the apparel and home fashions retailer’s stock after selling 11,108 shares during the quarter. First National Bank of Mount Dora Trust Investment Services’ holdings in The TJX Companies were worth $2,405,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Carlson Capital Management grew its stake in shares of The TJX Companies by 1.8% in the fourth quarter. Carlson Capital Management now owns 8,980 shares of the apparel and home fashions retailer’s stock valued at $631,000 after buying an additional 156 shares in the last quarter. Flagship Harbor Advisors LLC raised its stake in shares of The TJX Companies by 1.3% in the fourth quarter. Flagship Harbor Advisors LLC now owns 12,216 shares of the apparel and home fashions retailer’s stock valued at $834,000 after acquiring an additional 160 shares in the last quarter. Arbor Trust Wealth Advisors LLC boosted its holdings in The TJX Companies by 0.7% in the fourth quarter. Arbor Trust Wealth Advisors LLC now owns 24,002 shares of the apparel and home fashions retailer’s stock valued at $1,639,000 after purchasing an additional 160 shares during the period. Burns J W & Co. Inc. NY grew its stake in The TJX Companies by 1.1% during the 4th quarter. Burns J W & Co. Inc. NY now owns 16,055 shares of the apparel and home fashions retailer’s stock worth $1,096,000 after purchasing an additional 170 shares in the last quarter. Finally, Trustcore Financial Services LLC increased its holdings in The TJX Companies by 8.6% during the 4th quarter. Trustcore Financial Services LLC now owns 2,151 shares of the apparel and home fashions retailer’s stock worth $147,000 after purchasing an additional 170 shares during the period. Institutional investors and hedge funds own 88.81% of the company’s stock.
Shares of NYSE:TJX traded up $0.38 during trading on Thursday, hitting $68.16. 19,121 shares of the stock were exchanged, compared to its average volume of 6,926,477. The company has a fifty day moving average price of $66.34 and a two-hundred day moving average price of $63.35. The company has a market cap of $81.84 billion, a PE ratio of 112.97, a P/E/G ratio of 14.77 and a beta of 0.93. The company has a current ratio of 1.41, a quick ratio of 0.99 and a debt-to-equity ratio of 0.98. The TJX Companies, Inc. has a 12-month low of $42.52 and a 12-month high of $71.06.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 3rd. Stockholders of record on Thursday, May 13th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Wednesday, May 12th. The TJX Companies’s dividend payout ratio (DPR) is presently 38.95%.
Several research analysts have commented on TJX shares. William Blair reiterated an “outperform” rating on shares of The TJX Companies in a report on Wednesday, March 24th. Wells Fargo & Company dropped their target price on The TJX Companies from $84.00 to $75.00 and set an “overweight” rating on the stock in a report on Monday, March 29th. Royal Bank of Canada reaffirmed a “buy” rating on shares of The TJX Companies in a report on Tuesday, January 19th. Guggenheim increased their price objective on The TJX Companies from $70.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, December 30th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on The TJX Companies from $73.00 to $76.00 and gave the stock a “buy” rating in a research report on Thursday, February 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $69.20.
In related news, Director Amy B. Lane sold 1,500 shares of the business’s stock in a transaction dated Tuesday, March 9th. The shares were sold at an average price of $66.78, for a total value of $100,170.00. Following the sale, the director now directly owns 28,311 shares in the company, valued at approximately $1,890,608.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.18% of the company’s stock.
The TJX Companies Company Profile
The TJX Companies, Inc, together with its subsidiaries, 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; fine jewelry and accessories; and other merchandise.
See Also: Certificate of Deposit (CD)
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