HM Payson & Co. decreased its position in The TJX Companies, Inc. (NYSE:TJX – Free Report) by 0.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 504,503 shares of the apparel and home fashions retailer’s stock after selling 3,656 shares during the period. HM Payson & Co.’s holdings in TJX Companies were worth $59,299,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Richard W. Paul & Associates LLC bought a new stake in shares of TJX Companies in the second quarter valued at about $25,000. Copeland Capital Management LLC bought a new position in TJX Companies in the third quarter valued at $30,000. New Millennium Group LLC bought a new position in TJX Companies in the second quarter valued at $34,000. Anfield Capital Management LLC acquired a new stake in TJX Companies in the 2nd quarter valued at $37,000. Finally, Northwest Investment Counselors LLC bought a new stake in TJX Companies during the 3rd quarter worth about $37,000. Institutional investors own 91.09% of the company’s stock.
TJX Companies Stock Performance
Shares of TJX Companies stock traded down $0.33 during trading on Thursday, reaching $112.62. The company’s stock had a trading volume of 140,663 shares, compared to its average volume of 5,203,271. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37. The business’s 50-day moving average price is $116.68 and its 200-day moving average price is $109.68. The TJX Companies, Inc. has a 52 week low of $87.22 and a 52 week high of $121.13. The firm has a market cap of $127.02 billion, a PE ratio of 27.29, a P/E/G ratio of 2.88 and a beta of 0.89.
TJX Companies Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is presently 36.23%.
Insider Buying and Selling
In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total value of $1,763,100.00. Following the transaction, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at $63,018,835.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on TJX. UBS Group lifted their target price on TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Telsey Advisory Group reiterated an “outperform” rating and set a $128.00 price objective on shares of TJX Companies in a research note on Wednesday, August 21st. Bank of America raised their target price on shares of TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Wells Fargo & Company upped their price target on shares of TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 22nd. Finally, TD Cowen lifted their price objective on shares of TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $126.76.
View Our Latest Research Report on TJX
About TJX Companies
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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