Premier Path Wealth Partners LLC raised its holdings in The TJX Companies, Inc. (NYSE:TJX – Free Report) by 5.1% during the second quarter, Holdings Channel.com reports. The institutional investor owned 14,349 shares of the apparel and home fashions retailer’s stock after buying an additional 696 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in TJX Companies were worth $1,772,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. TCTC Holdings LLC boosted its holdings in TJX Companies by 210.1% in the first quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer’s stock valued at $26,000 after acquiring an additional 145 shares in the last quarter. Princeton Global Asset Management LLC bought a new position in TJX Companies in the 2nd quarter worth $28,000. Atlantic Edge Private Wealth Management LLC lifted its position in shares of TJX Companies by 58.8% in the 1st 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 during the period. Iron Horse Wealth Management LLC boosted its stake in shares of TJX Companies by 99.3% during the 1st quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer’s stock valued at $36,000 after purchasing an additional 149 shares in the last quarter. Finally, Activest Wealth Management increased its position 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 valued at $39,000 after buying an additional 314 shares during the period. 91.09% of the stock is owned by hedge funds and other institutional investors.
TJX Companies Stock Performance
Shares of TJX opened at $141.61 on Thursday. The TJX Companies, Inc. has a 52 week low of $111.73 and a 52 week high of $146.46. The company has a quick ratio of 0.52, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. The stock has a market cap of $157.61 billion, a P/E ratio of 32.26, a P/E/G ratio of 3.19 and a beta of 0.92. The business’s 50 day moving average price is $140.77 and its 200-day moving average price is $132.04.
TJX Companies Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 13th will be given 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 is 38.72%.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on TJX shares. Sanford C. Bernstein increased their price target on shares of TJX Companies from $145.00 to $152.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. Wells Fargo & Company set a $140.00 target price on TJX Companies and gave the stock an “equal weight” rating in a report on Monday. Citigroup raised their target price on TJX Companies from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. Evercore ISI lifted their price target on TJX Companies from $150.00 to $162.00 and gave the company an “outperform” rating in a research report on Thursday, August 21st. Finally, Daiwa Capital Markets began coverage on TJX Companies in a research note on Tuesday, July 8th. They issued an “outperform” rating and a $133.00 price target on the stock. One investment 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 stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $149.00.
Read Our Latest Stock Analysis on TJX
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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