Harbour Investments Inc. raised its stake in shares of The TJX Companies, Inc. (NYSE:TJX – Free Report) by 4.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,482 shares of the apparel and home fashions retailer’s stock after purchasing an additional 210 shares during the quarter. Harbour Investments Inc.’s holdings in TJX Companies were worth $553,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of TJX Companies by 1.1% during the first quarter. Vanguard Group Inc. now owns 100,413,764 shares of the apparel and home fashions retailer’s stock worth $12,230,396,000 after purchasing an additional 1,099,129 shares during the period. Ameriprise Financial Inc. raised its position in TJX Companies by 0.3% during the 1st quarter. Ameriprise Financial Inc. now owns 13,068,312 shares of the apparel and home fashions retailer’s stock worth $1,591,758,000 after buying an additional 35,800 shares during the last quarter. Amundi lifted its stake in TJX Companies by 10.2% during the 1st quarter. Amundi now owns 11,888,455 shares of the apparel and home fashions retailer’s stock valued at $1,489,305,000 after acquiring an additional 1,104,292 shares during the period. Nuveen LLC purchased a new stake in shares of TJX Companies in the 1st quarter valued at $1,330,717,000. Finally, Invesco Ltd. increased its stake in shares of TJX Companies by 2.8% in the first quarter. Invesco Ltd. now owns 9,000,600 shares of the apparel and home fashions retailer’s stock worth $1,096,273,000 after acquiring an additional 247,579 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.
TJX Companies Price Performance
TJX Companies stock opened at $143.95 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.52 and a current ratio of 1.17. The company’s fifty day moving average price is $139.33 and its 200 day moving average price is $130.96. The stock has a market capitalization of $160.21 billion, a P/E ratio of 32.79, a P/E/G ratio of 3.19 and a beta of 0.92. The TJX Companies, Inc. has a 1 year low of $111.73 and a 1 year high of $146.46.
TJX Companies Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 13th will be issued a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.2%. TJX Companies’s dividend payout ratio is presently 38.72%.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on the stock. Citigroup boosted their target price on shares of TJX Companies from $140.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, August 21st. Robert W. Baird boosted their price objective on TJX Companies from $143.00 to $152.00 and gave the company an “outperform” rating in a report on Thursday, August 21st. Macquarie reaffirmed a “buy” rating on shares of TJX Companies in a report on Monday, August 11th. Daiwa America upgraded TJX Companies to a “strong-buy” rating in a research report on Tuesday, July 8th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $155.00 price target (up from $150.00) on shares of TJX Companies in a report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $148.50.
View 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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