Advisory Alpha LLC raised its holdings in shares of The TJX Companies, Inc. (NYSE:TJX – Free Report) by 18.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,669 shares of the apparel and home fashions retailer’s stock after acquiring an additional 1,056 shares during the period. Advisory Alpha LLC’s holdings in TJX Companies were worth $824,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. TCTC Holdings LLC raised its stake in TJX Companies by 210.1% during the 1st quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer’s stock valued at $26,000 after acquiring an additional 145 shares in the last quarter. Princeton Global Asset Management LLC bought a new stake in TJX Companies during the 2nd quarter valued at $28,000. Atlantic Edge Private Wealth Management LLC raised its stake in TJX Companies by 58.8% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer’s stock valued at $36,000 after acquiring an additional 110 shares in the last quarter. Iron Horse Wealth Management LLC raised its stake in TJX Companies by 99.3% during the 1st quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer’s stock valued at $36,000 after acquiring an additional 149 shares in the last quarter. Finally, Activest Wealth Management raised its stake in TJX Companies by 4,485.7% during the 1st quarter. Activest Wealth Management now owns 321 shares of the apparel and home fashions retailer’s stock valued at $39,000 after acquiring an additional 314 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.
TJX Companies Stock Performance
Shares of NYSE TJX opened at $143.91 on Wednesday. The company has a quick ratio of 0.52, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $160.17 billion, a price-to-earnings ratio of 32.78, a PEG ratio of 3.18 and a beta of 0.92. The stock’s fifty day simple moving average is $140.70 and its 200 day simple moving average is $131.95. The TJX Companies, Inc. has a 52-week low of $111.73 and a 52-week high of $146.46.
TJX Companies Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 13th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, November 13th. TJX Companies’s payout ratio is presently 38.72%.
Wall Street Analyst Weigh In
TJX has been the topic of several research analyst reports. Macquarie reiterated a “buy” rating on shares of TJX Companies in a research report on Monday, August 11th. Barclays lifted their price target on TJX Companies from $147.00 to $155.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. Sanford C. Bernstein lifted their price target on TJX Companies from $145.00 to $152.00 and gave the company an “outperform” rating in a research report on Thursday, August 21st. Wall Street Zen upgraded TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, August 23rd. Finally, 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 on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $149.00.
Check Out Our Latest Stock 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.
See Also
- Five stocks we like better than TJX Companies
- 3 Ways To Invest In Coffee, Other Than Drinking It
- The Drone Arms Race: From Battlefield to Balance Sheet
- How to Invest in Blue Chip Stocks
- Why Wall Street Is Backing These 3 Comeback Stocks
- What Percentage Gainers Tell Investors and Why They Don’t Tell the Whole Story
- Intel’s Breakout Quarter: More Than a Beat, It’s a Declaration
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.
