Savant Capital LLC lifted its position in shares of The TJX Companies, Inc. (NYSE:TJX – Free Report) by 28.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 55,059 shares of the apparel and home fashions retailer’s stock after acquiring an additional 12,311 shares during the quarter. Savant Capital LLC’s holdings in TJX Companies were worth $6,799,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in TJX Companies by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 100,413,764 shares of the apparel and home fashions retailer’s stock valued at $12,230,396,000 after purchasing an additional 1,099,129 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of TJX Companies by 0.3% in the 1st quarter. Ameriprise Financial Inc. now owns 13,068,312 shares of the apparel and home fashions retailer’s stock valued at $1,591,758,000 after buying an additional 35,800 shares during the period. Amundi boosted its stake in shares of TJX Companies by 10.2% in the first 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 in the last quarter. Nuveen LLC purchased a new stake in shares of TJX Companies in the first quarter valued at approximately $1,330,717,000. Finally, Invesco Ltd. grew its holdings in TJX Companies by 2.8% during 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 owned by hedge funds and other institutional investors.
TJX Companies Trading Up 0.6%
NYSE:TJX opened at $144.59 on Friday. The TJX Companies, Inc. has a 52-week low of $112.10 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 fifty day simple moving average of $141.57 and a 200-day simple moving average of $132.79. The company has a market capitalization of $160.92 billion, a PE ratio of 32.94, a price-to-earnings-growth ratio of 3.14 and a beta of 0.90.
TJX Companies Announces Dividend
The business 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 dividend yield of 1.2%. The ex-dividend date is Thursday, November 13th. TJX Companies’s payout ratio is currently 38.72%.
Analyst Upgrades and Downgrades
TJX has been the subject of several research analyst reports. Sanford C. Bernstein increased their price objective on TJX Companies from $145.00 to $152.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Morgan Stanley upped their price target on shares of TJX Companies from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. JPMorgan Chase & Co. raised their price objective on shares of TJX Companies from $148.00 to $149.00 and gave the company an “overweight” rating in a research note on Monday, October 6th. Macquarie reissued a “buy” rating on shares of TJX Companies in a report on Monday, August 11th. Finally, Citigroup upped their target price on shares of TJX Companies from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $149.00.
Get Our Latest Research Report on TJX
TJX Companies Company 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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