Sivia Capital Partners LLC raised its holdings in shares of The TJX Companies, Inc. (NYSE:TJX – Free Report) by 197.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,096 shares of the apparel and home fashions retailer’s stock after acquiring an additional 7,368 shares during the period. Sivia Capital Partners LLC’s holdings in TJX Companies were worth $1,704,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the business. Greenspring Advisors LLC bought a new stake in TJX Companies during the 4th quarter valued at $606,000. Marietta Investment Partners LLC raised its stake in TJX Companies by 4.4% during the 4th quarter. Marietta Investment Partners LLC now owns 3,299 shares of the apparel and home fashions retailer’s stock valued at $507,000 after acquiring an additional 138 shares in the last quarter. REAP Financial Group LLC raised its stake in TJX Companies by 17.2% during the 4th quarter. REAP Financial Group LLC now owns 792 shares of the apparel and home fashions retailer’s stock valued at $122,000 after acquiring an additional 116 shares in the last quarter. BlackDiamond Wealth Management LLC raised its stake in TJX Companies by 8.1% during the 4th quarter. BlackDiamond Wealth Management LLC now owns 3,814 shares of the apparel and home fashions retailer’s stock valued at $596,000 after acquiring an additional 287 shares in the last quarter. Finally, WCG Wealth Advisors LLC bought a new stake in TJX Companies during the 4th quarter valued at $2,281,000. Institutional investors own 91.09% of the company’s stock.
TJX Companies Trading Up 2.8%
Shares of TJX opened at $158.04 on Thursday. The business’s 50-day moving average price is $156.81 and its 200 day moving average price is $155.31. The stock has a market capitalization of $174.58 billion, a P/E ratio of 30.69, a P/E/G ratio of 3.34 and a beta of 0.62. The TJX Companies, Inc. has a 1-year low of $119.84 and a 1-year high of $165.82. The company has a current ratio of 1.14, a quick ratio of 0.54 and a debt-to-equity ratio of 0.18.
TJX Companies Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 14th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $1.92 dividend on an annualized basis and a yield of 1.2%. This is an increase from TJX Companies’s previous quarterly dividend of $0.43. TJX Companies’s dividend payout ratio (DPR) is 37.28%.
Analyst Ratings Changes
A number of research firms have recently commented on TJX. BTIG Research boosted their price objective on TJX Companies from $185.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. UBS Group reissued a “neutral” rating and issued a $197.00 price objective (up from $193.00) on shares of TJX Companies in a research note on Thursday, May 21st. Robert W. Baird boosted their price objective on TJX Companies from $172.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Telsey Advisory Group lifted their target price on TJX Companies from $175.00 to $185.00 and gave the stock an “outperform” rating in a report on Thursday, May 21st. Finally, Wells Fargo & Company restated an “outperform” rating and issued a $160.00 target price (up from $155.00) on shares of TJX Companies in a report on Thursday, May 21st. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, TJX Companies has an average rating of “Buy” and an average price target of $174.58.
Check Out Our Latest Stock Report on TJX Companies
TJX Companies Profile
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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