Signaturefd LLC raised its holdings in The TJX Companies, Inc. (NYSE:TJX – Free Report) by 5.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 27,200 shares of the apparel and home fashions retailer’s stock after acquiring an additional 1,386 shares during the quarter. Signaturefd LLC’s holdings in TJX Companies were worth $3,359,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. TCTC Holdings LLC grew its holdings 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 worth $26,000 after acquiring an additional 145 shares during the period. Atlantic Edge Private Wealth Management LLC boosted its position in shares of TJX Companies by 58.8% during the first 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 buying an additional 110 shares during the last quarter. Iron Horse Wealth Management LLC boosted its holdings in TJX Companies by 99.3% during the first quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer’s stock worth $36,000 after purchasing an additional 149 shares during the last quarter. Inlight Wealth Management LLC purchased a new position in shares of TJX Companies in the 1st quarter worth about $37,000. Finally, Activest Wealth Management lifted its stake in TJX Companies by 4,485.7% in the first quarter. Activest Wealth Management now owns 321 shares of the apparel and home fashions retailer’s stock valued at $39,000 after purchasing an additional 314 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.
TJX Companies Trading Up 1.2%
Shares of NYSE:TJX opened at $143.09 on Friday. The business’s 50 day moving average price is $134.77 and its 200-day moving average price is $128.39. 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 firm has a market capitalization of $159.25 billion, a price-to-earnings ratio of 32.60, a price-to-earnings-growth ratio of 3.22 and a beta of 0.90. 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 company also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be paid a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $1.70 annualized dividend and a dividend yield of 1.2%. TJX Companies’s payout ratio is 38.72%.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the stock. Macquarie reaffirmed a “buy” rating on shares of TJX Companies in a research note on Monday, August 11th. JPMorgan Chase & Co. increased their target price on TJX Companies from $145.00 to $148.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Robert W. Baird raised their price target on shares of TJX Companies from $143.00 to $152.00 and gave the company an “outperform” rating in a report on Thursday, August 21st. Citigroup lifted their price target on shares of TJX Companies from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, August 21st. Finally, Morgan Stanley boosted their target price on shares of TJX Companies from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $147.58.
Get Our Latest Research Report on TJX
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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