Bfsg LLC reduced its stake in shares of The TJX Companies, Inc. (NYSE:TJX – Free Report) by 2.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 53,869 shares of the apparel and home fashions retailer’s stock after selling 1,227 shares during the period. Bfsg LLC’s holdings in TJX Companies were worth $6,652,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. TCTC Holdings LLC lifted its stake in shares of TJX Companies by 210.1% during the 1st quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer’s stock valued at $26,000 after buying an additional 145 shares in the last quarter. Atlantic Edge Private Wealth Management LLC lifted its stake in shares of TJX Companies by 58.8% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer’s stock valued at $36,000 after buying an additional 110 shares in the last quarter. Iron Horse Wealth Management LLC lifted 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 buying an additional 149 shares in the last quarter. Inlight Wealth Management LLC purchased a new stake in shares of TJX Companies during the 1st quarter valued at approximately $37,000. Finally, Activest Wealth Management lifted its stake in shares of TJX Companies by 4,485.7% during the 1st 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 in the last quarter. 91.09% of the stock is owned by institutional investors.
TJX Companies Price Performance
TJX stock opened at $139.44 on Tuesday. 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 TJX Companies, Inc. has a 52 week low of $111.22 and a 52 week high of $145.58. The firm’s fifty day moving average is $133.23 and its 200 day moving average is $127.78. The firm has a market cap of $155.19 billion, a P/E ratio of 31.76, a P/E/G ratio of 3.14 and a beta of 0.90.
TJX Companies Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Investors 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 annualized dividend and a dividend yield of 1.2%. TJX Companies’s dividend payout ratio (DPR) is currently 38.72%.
Analyst Ratings Changes
TJX has been the topic of a number of recent research reports. Daiwa America upgraded shares of TJX Companies to a “strong-buy” rating in a research note on Tuesday, July 8th. Robert W. Baird upped their price target on shares of TJX Companies from $143.00 to $152.00 and gave the company an “outperform” rating in a research note on Thursday, August 21st. Wells Fargo & Company upped their price target on shares of TJX Companies from $120.00 to $130.00 and gave the company an “equal weight” rating in a research note on Thursday, August 21st. Bank of America upped their price target on shares of TJX Companies from $145.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. Finally, Daiwa Capital Markets started coverage on shares of TJX Companies in a research note on Tuesday, July 8th. They set an “outperform” rating and a $133.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $147.58.
Check Out Our Latest Report 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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