Caitong International Asset Management Co. Ltd purchased a new position in shares of The TJX Companies, Inc. (NYSE:TJX – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,286 shares of the apparel and home fashions retailer’s stock, valued at approximately $282,000.
A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of TJX Companies by 1.1% during the 1st 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. boosted its stake in shares of 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 purchasing an additional 35,800 shares during the period. Amundi boosted its position in TJX Companies by 10.2% in 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 buying an additional 1,104,292 shares during the period. Nuveen LLC purchased a new stake in TJX Companies in the 1st quarter valued at about $1,330,717,000. Finally, Invesco Ltd. boosted its position in TJX Companies by 2.8% in the 1st quarter. Invesco Ltd. now owns 9,000,600 shares of the apparel and home fashions retailer’s stock valued at $1,096,273,000 after buying an additional 247,579 shares during the period. 91.09% of the stock is owned by hedge funds and other institutional investors.
TJX Companies Trading Down 0.5%
Shares of TJX Companies stock opened at $142.32 on Friday. 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 TJX Companies, Inc. has a 12-month low of $111.73 and a 12-month high of $146.46. The firm has a market capitalization of $158.39 billion, a price-to-earnings ratio of 32.42, a PEG ratio of 3.18 and a beta of 0.92. The firm’s 50 day simple moving average is $140.12 and its two-hundred day simple moving average is $131.44.
TJX Companies Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 13th will be paid a dividend of $0.425 per share. The ex-dividend date is Thursday, November 13th. This represents a $1.70 dividend on an annualized basis and a yield of 1.2%. TJX Companies’s dividend payout ratio is presently 38.72%.
Analyst Ratings Changes
Several equities research analysts have issued reports on TJX shares. Telsey Advisory Group reissued an “outperform” rating and issued a $155.00 price objective (up from $150.00) on shares of TJX Companies in a research report on Wednesday, August 20th. Weiss Ratings reissued a “buy (b+)” rating on shares of TJX Companies in a research report on Wednesday, October 8th. BTIG Research started coverage on shares of TJX Companies in a research report on Tuesday, October 14th. They issued a “buy” rating and a $165.00 price objective for the company. Evercore ISI boosted their price target on shares of TJX Companies from $150.00 to $162.00 and gave the company an “outperform” rating in a report on Thursday, August 21st. Finally, UBS Group boosted their price target on shares of TJX Companies from $164.00 to $172.00 and gave the company a “buy” rating in a report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $148.50.
Get Our Latest Stock Analysis 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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