Ashton Thomas Securities LLC raised its position in The TJX Companies, Inc. (NYSE:TJX – Free Report) by 3.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,876 shares of the apparel and home fashions retailer’s stock after buying an additional 252 shares during the quarter. Ashton Thomas Securities LLC’s holdings in TJX Companies were worth $973,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Crews Bank & Trust increased its position in shares of TJX Companies by 7.3% during the second quarter. Crews Bank & Trust now owns 2,482 shares of the apparel and home fashions retailer’s stock valued at $307,000 after buying an additional 169 shares during the period. Trinity Legacy Partners LLC increased its holdings in TJX Companies by 0.4% during the 2nd quarter. Trinity Legacy Partners LLC now owns 40,171 shares of the apparel and home fashions retailer’s stock worth $4,875,000 after acquiring an additional 155 shares during the period. Hilltop National Bank bought a new stake in TJX Companies during the 2nd quarter worth approximately $125,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of TJX Companies by 8.4% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 203,236 shares of the apparel and home fashions retailer’s stock worth $25,098,000 after purchasing an additional 15,759 shares during the period. Finally, J. Safra Sarasin Holding AG increased its holdings in shares of TJX Companies by 138.0% in the second quarter. J. Safra Sarasin Holding AG now owns 42,762 shares of the apparel and home fashions retailer’s stock worth $5,281,000 after purchasing an additional 24,793 shares during the period. Institutional investors own 91.09% of the company’s stock.
TJX Companies Trading Down 1.2%
Shares of TJX opened at $142.56 on Friday. The firm’s 50-day moving average price is $136.21 and its 200-day moving average price is $129.12. The company has a current ratio of 1.17, a quick ratio of 0.52 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $158.66 billion, a price-to-earnings ratio of 32.47, a PEG ratio of 3.25 and a beta of 0.92. The TJX Companies, Inc. has a 1-year low of $111.22 and a 1-year high of $145.58.
TJX Companies Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 13th will be issued a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $1.70 dividend on an annualized basis and a yield of 1.2%. TJX Companies’s dividend payout ratio (DPR) is currently 38.72%.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on TJX shares. Erste Group Bank began coverage on shares of TJX Companies in a report on Friday, September 5th. They issued a “buy” rating on the stock. Sanford C. Bernstein upped their price objective on shares of TJX Companies from $145.00 to $152.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. JPMorgan Chase & Co. upped their price objective on shares of TJX Companies from $145.00 to $148.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Evercore ISI increased their price target on shares of TJX Companies from $150.00 to $162.00 and gave the stock an “outperform” rating in a report on Thursday, August 21st. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $155.00 price target (up previously from $150.00) on shares of TJX Companies in a report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $147.58.
View Our Latest Analysis 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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