TD Private Client Wealth LLC boosted its stake in The TJX Companies, Inc. (NYSE:TJX – Free Report) by 9.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,115 shares of the apparel and home fashions retailer’s stock after buying an additional 1,339 shares during the period. TD Private Client Wealth LLC’s holdings in TJX Companies were worth $1,990,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of TJX. Alhambra Investment Management LLC boosted its stake in TJX Companies by 11.4% during the second quarter. Alhambra Investment Management LLC now owns 8,934 shares of the apparel and home fashions retailer’s stock worth $1,103,000 after acquiring an additional 911 shares in the last quarter. IMS Capital Management bought a new position in shares of TJX Companies during the second quarter valued at $1,523,000. Financial Management Professionals Inc. raised its position in shares of TJX Companies by 333.2% in the 2nd quarter. Financial Management Professionals Inc. now owns 6,151 shares of the apparel and home fashions retailer’s stock worth $760,000 after purchasing an additional 4,731 shares during the last quarter. Ballentine Partners LLC raised its position in shares of TJX Companies by 0.7% in the 2nd quarter. Ballentine Partners LLC now owns 33,343 shares of the apparel and home fashions retailer’s stock worth $4,118,000 after purchasing an additional 242 shares during the last quarter. Finally, CHB Investment Group LLC boosted its stake in TJX Companies by 11.6% in the 2nd quarter. CHB Investment Group LLC now owns 27,120 shares of the apparel and home fashions retailer’s stock worth $3,349,000 after purchasing an additional 2,829 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.
TJX Companies Stock Performance
TJX Companies stock opened at $141.46 on Friday. The company’s 50-day moving average is $134.36 and its 200 day moving average is $128.11. The firm has a market capitalization of $157.43 billion, a P/E ratio of 32.22, a price-to-earnings-growth ratio of 3.16 and a beta of 0.90. 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 TJX Companies, Inc. has a 1-year low of $111.22 and a 1-year high of $145.58.
TJX Companies Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 13th will be issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, November 13th. TJX Companies’s dividend payout ratio (DPR) is presently 38.72%.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on TJX shares. JPMorgan Chase & Co. raised their price objective on shares of TJX Companies from $145.00 to $148.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Daiwa America upgraded TJX Companies to a “strong-buy” rating in a research report on Tuesday, July 8th. Macquarie reiterated a “buy” rating on shares of TJX Companies in a research report on Monday, August 11th. 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 objective on the stock. Finally, Sanford C. Bernstein upped their target price on shares of TJX Companies from $145.00 to $152.00 and gave the stock an “outperform” 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’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $147.58.
Read Our Latest Research Report on TJX Companies
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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