Vest Financial LLC raised its position in The TJX Companies, Inc. (NYSE:TJX – Free Report) by 24.9% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 17,394 shares of the apparel and home fashions retailer’s stock after buying an additional 3,471 shares during the period. Vest Financial LLC’s holdings in TJX Companies were worth $2,514,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently made changes to their positions in TJX. First American Bank increased its holdings in TJX Companies by 4.5% in the second quarter. First American Bank now owns 138,840 shares of the apparel and home fashions retailer’s stock valued at $17,145,000 after purchasing an additional 5,921 shares during the last quarter. Bank of Nova Scotia grew its position in shares of TJX Companies by 129.9% during the 2nd quarter. Bank of Nova Scotia now owns 269,813 shares of the apparel and home fashions retailer’s stock worth $33,319,000 after buying an additional 152,453 shares during the period. MinichMacGregor Wealth Management LLC bought a new stake in shares of TJX Companies in the 2nd quarter valued at about $5,045,000. Empowered Funds LLC increased its stake in shares of TJX Companies by 66.6% in the 2nd quarter. Empowered Funds LLC now owns 76,998 shares of the apparel and home fashions retailer’s stock valued at $9,508,000 after acquiring an additional 30,779 shares during the last quarter. Finally, Rheos Capital Works Inc. raised its position in shares of TJX Companies by 26.0% in the 3rd quarter. Rheos Capital Works Inc. now owns 370,000 shares of the apparel and home fashions retailer’s stock valued at $53,480,000 after acquiring an additional 76,400 shares during the period. 91.09% of the stock is owned by institutional investors and hedge funds.
TJX Companies Stock Performance
TJX opened at $153.32 on Friday. The company has a market capitalization of $170.26 billion, a price-to-earnings ratio of 33.85, a P/E/G ratio of 3.27 and a beta of 0.75. The business’s 50-day moving average price is $153.77 and its two-hundred day moving average price is $142.55. The TJX Companies, Inc. has a 1 year low of $112.10 and a 1 year high of $159.48. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.09 and a quick ratio of 0.43.
TJX Companies Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Investors of record on Thursday, February 12th will be issued a dividend of $0.425 per share. The ex-dividend date is Thursday, February 12th. This represents a $1.70 annualized dividend and a yield of 1.1%. TJX Companies’s dividend payout ratio is presently 37.53%.
Analyst Ratings Changes
Several brokerages have commented on TJX. UBS Group reaffirmed a “buy” rating and issued a $193.00 target price (up previously from $181.00) on shares of TJX Companies in a research note on Thursday, January 8th. Morgan Stanley reissued an “overweight” rating and issued a $162.00 price target (up previously from $159.00) on shares of TJX Companies in a report on Thursday, November 20th. Deutsche Bank Aktiengesellschaft set a $184.00 price objective on shares of TJX Companies in a research report on Thursday, January 8th. Wall Street Zen upgraded TJX Companies from a “hold” rating to a “buy” rating in a report on Sunday, January 11th. Finally, The Goldman Sachs Group increased their price target on TJX Companies from $163.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, November 20th. Two investment analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the company. Based on data from MarketBeat, TJX Companies has an average rating of “Buy” and a consensus target price of $163.86.
Read Our Latest Research Report on TJX
Insider Buying and Selling at TJX Companies
In other news, Director Amy B. Lane sold 500 shares of the stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $151.40, for a total transaction of $75,700.00. Following the completion of the transaction, the director directly owned 22,212 shares in the company, valued at $3,362,896.80. This represents a 2.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Ernie Herrman sold 30,000 shares of the firm’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $148.81, for a total value of $4,464,300.00. Following the completion of the transaction, the chief executive officer owned 535,143 shares of the company’s stock, valued at $79,634,629.83. The trade was a 5.31% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 54,863 shares of company stock valued at $8,226,366 in the last 90 days. 0.13% of the stock is currently owned by corporate insiders.
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.
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