LVW Advisors LLC boosted its holdings in The TJX Companies, Inc. (NYSE:TJX – Free Report) by 24.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,156 shares of the apparel and home fashions retailer’s stock after purchasing an additional 818 shares during the quarter. LVW Advisors LLC’s holdings in TJX Companies were worth $513,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Clear Creek Financial Management LLC increased its position in shares of TJX Companies by 1.8% during the 1st quarter. Clear Creek Financial Management LLC now owns 4,811 shares of the apparel and home fashions retailer’s stock worth $586,000 after purchasing an additional 83 shares during the last quarter. Knuff & Co LLC increased its holdings in shares of TJX Companies by 8.5% during the 1st quarter. Knuff & Co LLC now owns 1,056 shares of the apparel and home fashions retailer’s stock worth $129,000 after acquiring an additional 83 shares during the last quarter. McLean Asset Management Corp boosted its stake in TJX Companies by 3.2% in the 2nd quarter. McLean Asset Management Corp now owns 2,746 shares of the apparel and home fashions retailer’s stock valued at $344,000 after purchasing an additional 84 shares during the period. Salem Investment Counselors Inc. lifted its position in shares of TJX Companies by 2.2% during the 1st quarter. Salem Investment Counselors Inc. now owns 3,986 shares of the apparel and home fashions retailer’s stock valued at $485,000 after acquiring an additional 86 shares during the period. Finally, NBC Securities Inc. lifted its position in shares of TJX Companies by 0.6% during the 2nd quarter. NBC Securities Inc. now owns 14,274 shares of the apparel and home fashions retailer’s stock valued at $1,762,000 after acquiring an additional 86 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.
TJX Companies Stock Up 1.2%
Shares of NYSE:TJX opened at $143.09 on Friday. The TJX Companies, Inc. has a 1 year low of $111.22 and a 1 year high of $145.58. The company has a market cap of $159.25 billion, a PE ratio of 32.60, a P/E/G ratio of 3.22 and a beta of 0.90. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 0.52. The stock’s 50-day moving average is $134.77 and its 200 day moving average is $128.39.
TJX Companies Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be paid a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Thursday, November 13th. TJX Companies’s dividend payout ratio is 38.72%.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the company. Wells Fargo & Company upped their target price on TJX Companies from $120.00 to $130.00 and gave the stock an “equal weight” rating in a report on Thursday, August 21st. Barclays increased their price target on TJX Companies from $147.00 to $155.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Bank of America raised their target price on TJX Companies from $145.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, August 21st. Daiwa Capital Markets initiated coverage on TJX Companies in a research report on Tuesday, July 8th. They set an “outperform” rating and a $133.00 price target for the company. Finally, Robert W. Baird increased their price target on TJX Companies from $143.00 to $152.00 and gave the company an “outperform” rating in a research report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, TJX Companies currently has a consensus rating of “Buy” and an average price target of $147.58.
Get Our Latest Stock Analysis on TJX Companies
TJX Companies Profile
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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