Roundview Capital LLC raised its stake in shares of The TJX Companies, Inc. (NYSE:TJX – Free Report) by 9.4% in the 2nd quarter, Holdings Channel reports. The firm owned 27,117 shares of the apparel and home fashions retailer’s stock after purchasing an additional 2,331 shares during the quarter. Roundview Capital LLC’s holdings in TJX Companies were worth $3,349,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. TCTC Holdings LLC raised its position in 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 worth $26,000 after purchasing an additional 145 shares during the last quarter. Atlantic Edge Private Wealth Management LLC raised its position in 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 worth $36,000 after purchasing an additional 110 shares during the last quarter. Iron Horse Wealth Management LLC raised its position in 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 worth $36,000 after purchasing an additional 149 shares during the last quarter. Inlight Wealth Management LLC acquired a new position in shares of TJX Companies in the 1st quarter valued at about $37,000. Finally, Activest Wealth Management lifted its stake in shares of TJX Companies by 4,485.7% in the 1st quarter. Activest Wealth Management now owns 321 shares of the apparel and home fashions retailer’s stock valued at $39,000 after purchasing an additional 314 shares during the period. 91.09% of the stock is owned by institutional investors.
TJX Companies Stock Performance
Shares of TJX Companies stock opened at $143.32 on Tuesday. The TJX Companies, Inc. has a one year low of $111.22 and a one year high of $145.58. The firm has a market capitalization of $159.51 billion, a price-to-earnings ratio of 32.65, a PEG ratio of 3.18 and a beta of 0.92. The business has a 50-day simple moving average of $136.87 and a 200 day simple moving average of $129.66. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 0.52.
TJX Companies Dividend Announcement
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 given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, November 13th. TJX Companies’s payout ratio is presently 38.72%.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on the company. Wells Fargo & Company boosted their price objective on TJX Companies from $120.00 to $130.00 and gave the company an “equal weight” rating in a research note on Thursday, August 21st. Sanford C. Bernstein boosted their price objective on TJX Companies from $145.00 to $152.00 and gave the company an “outperform” rating in a research note on Thursday, August 21st. UBS Group boosted their price objective on TJX Companies from $164.00 to $172.00 and gave the company a “buy” 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 company a “buy” rating in a research note on Thursday, August 21st. Finally, Daiwa America raised TJX Companies to a “strong-buy” rating in a research note on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $147.63.
Read Our Latest Research 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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