Compass Wealth Management LLC lessened its stake in The TJX Companies, Inc. (NYSE:TJX – Free Report) by 67.1% during the third quarter, HoldingsChannel reports. The firm owned 18,149 shares of the apparel and home fashions retailer’s stock after selling 36,981 shares during the period. Compass Wealth Management LLC’s holdings in TJX Companies were worth $2,623,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC lifted its position in shares of TJX Companies by 113.7% during the 4th quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer’s stock valued at $1,817,000 after buying an additional 8,002 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in TJX Companies by 12.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer’s stock worth $262,000 after acquiring an additional 235 shares during the last quarter. Bison Wealth LLC raised its stake in TJX Companies by 32.9% in the 4th quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer’s stock valued at $466,000 after acquiring an additional 955 shares during the period. Patton Fund Management Inc. purchased a new stake in TJX Companies during the second quarter valued at about $215,000. Finally, Avior Wealth Management LLC boosted its position in TJX Companies by 18.5% during the second quarter. Avior Wealth Management LLC now owns 13,123 shares of the apparel and home fashions retailer’s stock worth $1,621,000 after purchasing an additional 2,052 shares during the period. 91.09% of the stock is owned by institutional investors.
TJX Companies Stock Down 2.1%
TJX stock opened at $150.01 on Tuesday. The company’s 50 day moving average is $154.00 and its 200 day moving average is $143.17. The stock has a market cap of $166.58 billion, a price-to-earnings ratio of 33.11, a price-to-earnings-growth ratio of 3.21 and a beta of 0.75. The company has a current ratio of 1.09, a quick ratio of 0.43 and a debt-to-equity ratio of 0.20. The TJX Companies, Inc. has a 1-year low of $112.10 and a 1-year high of $159.48.
TJX Companies Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Thursday, February 12th will be given a dividend of $0.425 per share. The ex-dividend date is Thursday, February 12th. This represents a $1.70 dividend on an annualized basis and a yield of 1.1%. TJX Companies’s dividend payout ratio (DPR) is presently 37.53%.
Insider Activity
In related news, Director Amy B. Lane sold 500 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $151.40, for a total value of $75,700.00. Following the completion of the sale, the director owned 22,212 shares in the company, valued at $3,362,896.80. The trade was a 2.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ernie Herrman sold 24,363 shares of the stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $151.31, for a total transaction of $3,686,365.53. Following the transaction, the chief executive officer owned 510,780 shares in the company, valued at $77,286,121.80. The trade was a 4.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 54,863 shares of company stock valued at $8,226,366. Corporate insiders own 0.13% of the company’s stock.
Analyst Ratings Changes
Several analysts have recently issued reports on TJX shares. Robert W. Baird set a $168.00 price target on shares of TJX Companies in a research report on Wednesday, December 17th. Weiss Ratings reissued a “buy (b+)” rating on shares of TJX Companies in a report on Wednesday, January 21st. Evercore ISI increased their target price on TJX Companies from $162.00 to $165.00 and gave the stock an “outperform” rating in a research report on Thursday, November 20th. Guggenheim upgraded TJX Companies to a “strong-buy” rating in a research report on Wednesday, December 10th. Finally, UBS Group reiterated a “buy” rating and set a $193.00 price objective (up from $181.00) on shares of TJX Companies in a research note on Thursday, January 8th. Two analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $163.86.
Get Our Latest Stock Report on TJX
About TJX Companies
TJX Companies, Inc is a leading off-price retailer of apparel, footwear, home fashions and other consumer goods. The company operates multiple retail concepts that offer discounted brand-name and designer merchandise, including well-known banners such as T.J. Maxx and Marshalls in the United States, HomeGoods for home furnishings, TK Maxx in parts of Europe, and Winners and Homesense in Canada. Merchandise categories span women’s, men’s and children’s apparel, accessories, beauty, home décor, kitchenware and small furniture, with frequent changes in assortment that create a “treasure-hunt” shopping experience for consumers.
The company’s business model centers on opportunistic buying, purchasing excess, irregular or out-of-season inventory from manufacturers, department stores and other suppliers, and passing savings to customers through lower prices.
Further Reading
- Five stocks we like better than TJX Companies
- How a Family Trust May Be Able To Help Preserve Your Wealth
- Do not delete, read immediately
- NEW LAW: Congress Approves Setup For Digital Dollar?
- If You Keep Cash In A U.S. Bank Account… Read This NOW
- Executive Order 14330: Trump’s Biggest Yet
Want to see what other hedge funds are holding TJX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The TJX Companies, Inc. (NYSE:TJX – Free Report).
Receive News & Ratings for TJX Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TJX Companies and related companies with MarketBeat.com's FREE daily email newsletter.
