Bluedoor Private Wealth LLC bought a new stake in shares of The TJX Companies, Inc. (NYSE:TJX – Free Report) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 16,657 shares of the apparel and home fashions retailer’s stock, valued at approximately $2,559,000. TJX Companies comprises approximately 1.2% of Bluedoor Private Wealth LLC’s investment portfolio, making the stock its 24th largest position.
A number of other hedge funds and other institutional investors also recently made changes to their positions in TJX. Norges Bank purchased a new stake in TJX Companies in the fourth quarter worth $2,211,975,000. Alliancebernstein L.P. grew its stake in TJX Companies by 91.6% in the third quarter. Alliancebernstein L.P. now owns 6,712,226 shares of the apparel and home fashions retailer’s stock worth $970,185,000 after purchasing an additional 3,208,458 shares during the period. Corient Private Wealth LLC grew its stake in TJX Companies by 120.7% in the second quarter. Corient Private Wealth LLC now owns 5,016,792 shares of the apparel and home fashions retailer’s stock worth $620,406,000 after purchasing an additional 2,743,676 shares during the period. Amundi grew its stake in TJX Companies by 22.1% in the third quarter. Amundi now owns 9,725,542 shares of the apparel and home fashions retailer’s stock worth $1,391,822,000 after purchasing an additional 1,761,281 shares during the period. Finally, Cerity Partners LLC grew its stake in TJX Companies by 105.0% in the fourth quarter. Cerity Partners LLC now owns 3,013,077 shares of the apparel and home fashions retailer’s stock worth $462,841,000 after purchasing an additional 1,543,480 shares during the period. Institutional investors own 91.09% of the company’s stock.
TJX Companies Stock Down 0.8%
TJX stock opened at $167.13 on Tuesday. The TJX Companies, Inc. has a fifty-two week low of $119.84 and a fifty-two week high of $170.00. The business’s 50-day moving average is $157.73 and its two-hundred day moving average is $156.23. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.54 and a current ratio of 1.14. The company has a market cap of $184.62 billion, a price-to-earnings ratio of 32.45, a P/E/G ratio of 3.65 and a beta of 0.62.
TJX Companies Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $1.92 dividend on an annualized basis and a yield of 1.1%. TJX Companies’s dividend payout ratio is currently 37.28%.
Insider Transactions at TJX Companies
In other TJX Companies news, Director Jackwyn Nemerov sold 957 shares of the stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $168.59, for a total value of $161,340.63. Following the transaction, the director owned 802 shares of the company’s stock, valued at approximately $135,209.18. This represents a 54.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Carol Meyrowitz sold 55,624 shares of the stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $163.65, for a total value of $9,102,867.60. Following the completion of the transaction, the chairman directly owned 201,496 shares in the company, valued at approximately $32,974,820.40. This represents a 21.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 130,367 shares of company stock worth $20,959,476 in the last ninety days. Insiders own 0.15% of the company’s stock.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on TJX. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of TJX Companies in a research note on Thursday, May 21st. BTIG Research upped their price target on TJX Companies from $185.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Truist Financial set a $190.00 price target on TJX Companies and gave the stock a “buy” rating in a research note on Thursday, May 21st. Citigroup reissued a “buy” rating and issued a $182.00 target price (up from $168.00) on shares of TJX Companies in a research note on Thursday, May 21st. Finally, Barclays reissued an “overweight” rating and issued a $190.00 target price (up from $183.00) on shares of TJX Companies in a research note on Thursday, May 21st. Three equities research analysts have rated the stock with a Strong Buy rating and twenty have given a Buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $174.58.
Get Our Latest Stock Report on TJX Companies
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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