Focused Investors LLC cut its stake in shares of The TJX Companies, Inc. (NYSE:TJX – Free Report) by 2.1% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 920,250 shares of the apparel and home fashions retailer’s stock after selling 19,600 shares during the period. TJX Companies comprises 3.7% of Focused Investors LLC’s portfolio, making the stock its 13th biggest holding. Focused Investors LLC’s holdings in TJX Companies were worth $113,642,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. TCTC Holdings LLC grew its holdings in shares of TJX Companies by 210.1% during the first quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer’s stock worth $26,000 after purchasing an additional 145 shares in the last quarter. Atlantic Edge Private Wealth Management LLC grew its holdings 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 worth $36,000 after purchasing an additional 110 shares in the last quarter. Iron Horse Wealth Management LLC grew its holdings in shares of 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 in the last quarter. Inlight Wealth Management LLC purchased a new position in shares of TJX Companies during the first quarter worth about $37,000. Finally, Activest Wealth Management grew its holdings in shares of TJX Companies by 4,485.7% during the first quarter. Activest Wealth Management now owns 321 shares of the apparel and home fashions retailer’s stock worth $39,000 after purchasing an additional 314 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.
TJX Companies Price Performance
TJX opened at $142.70 on Wednesday. The stock has a fifty day simple moving average of $137.20 and a two-hundred day simple moving average of $129.75. The company has a current ratio of 1.17, a quick ratio of 0.52 and a debt-to-equity ratio of 0.32. The company has a market cap of $158.81 billion, a price-to-earnings ratio of 32.51, a price-to-earnings-growth ratio of 3.22 and a beta of 0.92. The TJX Companies, Inc. has a 12-month low of $111.73 and a 12-month high of $145.58.
TJX Companies Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be issued a dividend of $0.425 per share. The ex-dividend date is Thursday, November 13th. This represents a $1.70 annualized dividend and a dividend yield of 1.2%. TJX Companies’s dividend payout ratio (DPR) is presently 38.72%.
Analysts Set New Price Targets
Several brokerages have recently commented on TJX. Daiwa America raised TJX Companies to a “strong-buy” rating in a report on Tuesday, July 8th. JPMorgan Chase & Co. upped their target price on TJX Companies from $148.00 to $149.00 and gave the stock an “overweight” rating in a research note on Monday. Erste Group Bank started coverage on TJX Companies in a research note on Friday, September 5th. They issued a “buy” rating for the company. Wells Fargo & Company upped their target price on TJX Companies from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 21st. Finally, Citigroup upped their target price on TJX Companies from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, TJX Companies presently has an average rating of “Buy” and a consensus target price of $147.63.
Check Out Our Latest Stock 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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