PDS Planning Inc lifted its position in The TJX Companies, Inc. (NYSE:TJX – Free Report) by 5.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,790 shares of the apparel and home fashions retailer’s stock after acquiring an additional 396 shares during the period. PDS Planning Inc’s holdings in TJX Companies were worth $962,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. boosted its stake in shares of TJX Companies by 6.4% in the second quarter. Blue Trust Inc. now owns 17,373 shares of the apparel and home fashions retailer’s stock worth $2,145,000 after acquiring an additional 1,045 shares during the last quarter. Endeavor Private Wealth Inc. acquired a new position in TJX Companies during the second quarter worth $203,000. Monument Capital Management boosted its stake in TJX Companies by 1.1% during the second quarter. Monument Capital Management now owns 8,511 shares of the apparel and home fashions retailer’s stock worth $1,051,000 after buying an additional 91 shares during the last quarter. Cyndeo Wealth Partners LLC boosted its stake in TJX Companies by 4.6% during the second quarter. Cyndeo Wealth Partners LLC now owns 130,498 shares of the apparel and home fashions retailer’s stock worth $16,115,000 after buying an additional 5,760 shares during the last quarter. Finally, Katamaran Capital LLP boosted its stake in TJX Companies by 367.9% during the second quarter. Katamaran Capital LLP now owns 30,359 shares of the apparel and home fashions retailer’s stock worth $3,749,000 after buying an additional 23,871 shares during the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.
TJX Companies Price Performance
NYSE:TJX opened at $140.38 on Friday. The TJX Companies, Inc. has a 52 week low of $111.73 and a 52 week high of $145.58. 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 company has a market capitalization of $156.23 billion, a P/E ratio of 31.98, a P/E/G ratio of 3.08 and a beta of 0.92. The stock’s fifty day moving average is $138.07 and its two-hundred day moving average is $130.10.
TJX Companies Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 13th will be paid 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 yield of 1.2%. TJX Companies’s dividend payout ratio is presently 38.72%.
Analysts Set New Price Targets
TJX has been the topic of a number of recent research reports. Barclays boosted their price objective on TJX Companies from $147.00 to $155.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Morgan Stanley boosted their price objective on TJX Companies from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Wells Fargo & Company boosted their price objective on TJX Companies from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 21st. Citigroup boosted their price objective on TJX Companies from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, August 21st. Finally, Bank of America lifted their target price on TJX Companies from $145.00 to $150.00 and gave the company 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-two have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $147.63.
View Our Latest Report on TJX Companies
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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