Spectrum Management Group Inc. Sells 1,741 Shares of TJX Companies Inc (TJX)
Spectrum Management Group Inc. reduced its stake in shares of TJX Companies Inc (NYSE:TJX) by 23.9% in the 4th quarter, HoldingsChannel reports. The fund owned 5,545 shares of the apparel and home fashions retailer’s stock after selling 1,741 shares during the period. Spectrum Management Group Inc.’s holdings in TJX Companies were worth $424,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently made changes to their positions in TJX. Zions Bancorporation raised its position in TJX Companies by 185.9% during the third quarter. Zions Bancorporation now owns 1,358 shares of the apparel and home fashions retailer’s stock valued at $100,000 after acquiring an additional 883 shares in the last quarter. Lenox Wealth Management Inc. purchased a new stake in shares of TJX Companies in the second quarter valued at approximately $141,000. Highlander Capital Management LLC increased its position in shares of TJX Companies by 31.3% in the second quarter. Highlander Capital Management LLC now owns 2,100 shares of the apparel and home fashions retailer’s stock valued at $150,000 after buying an additional 500 shares in the last quarter. FTB Advisors Inc. increased its position in shares of TJX Companies by 1.6% in the second quarter. FTB Advisors Inc. now owns 2,235 shares of the apparel and home fashions retailer’s stock valued at $159,000 after buying an additional 36 shares in the last quarter. Finally, IFC Holdings Incorporated FL purchased a new stake in shares of TJX Companies in the third quarter valued at approximately $203,000. Institutional investors own 90.63% of the company’s stock.
Shares of TJX Companies Inc (TJX) opened at $75.64 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.67 and a current ratio of 1.53. TJX Companies Inc has a 12-month low of $66.44 and a 12-month high of $81.46. The company has a market capitalization of $47,018.02, a P/E ratio of 20.10, a P/E/G ratio of 1.59 and a beta of 0.73.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be given a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend is Wednesday, February 14th. TJX Companies’s payout ratio is 33.78%.
A number of analysts have recently commented on TJX shares. Cowen set a $88.00 price objective on TJX Companies and gave the company a “buy” rating in a research report on Wednesday, December 13th. Goldman Sachs Group cut TJX Companies from a “conviction-buy” rating to a “buy” rating and set a $79.00 price objective for the company. in a research report on Tuesday, December 5th. Nomura cut their price objective on TJX Companies from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, November 15th. Royal Bank of Canada set a $76.00 price objective on TJX Companies and gave the company a “buy” rating in a research report on Monday, October 30th. Finally, Buckingham Research restated a “buy” rating and issued a $85.00 price objective on shares of TJX Companies in a research report on Thursday, October 19th. Five equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. TJX Companies currently has an average rating of “Buy” and an average target price of $82.53.
TJX Companies Profile
The TJX Companies, Inc (TJX) is an off-price apparel and home fashions retailer in the United States and across the world. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. T.J. Maxx and Marshalls chains in the United States were collectively the off-price retailer in the United States with a total of 2,221 stores, as of January 28, 2017.
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