Insight Inv LLC reduced its position in The TJX Companies, Inc. (NYSE:TJX – Free Report) by 4.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 19,765 shares of the apparel and home fashions retailer’s stock after selling 962 shares during the period. TJX Companies accounts for approximately 1.6% of Insight Inv LLC’s portfolio, making the stock its 22nd largest holding. Insight Inv LLC’s holdings in TJX Companies were worth $2,441,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. TCTC Holdings LLC lifted its holdings in shares of 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 worth $26,000 after buying an additional 145 shares in the last quarter. Atlantic Edge Private Wealth Management LLC lifted its holdings in shares of TJX Companies by 58.8% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer’s stock worth $36,000 after buying an additional 110 shares in the last quarter. Iron Horse Wealth Management LLC lifted its holdings in shares of TJX Companies by 99.3% in the first quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer’s stock worth $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 in the first quarter worth about $37,000. Finally, Activest Wealth Management lifted its holdings in shares of TJX Companies by 4,485.7% in the first quarter. Activest Wealth Management now owns 321 shares of the apparel and home fashions retailer’s stock worth $39,000 after buying an additional 314 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.
TJX Companies Stock Performance
Shares of TJX Companies stock opened at $140.68 on Thursday. The company has a current ratio of 1.17, a quick ratio of 0.52 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $156.57 billion, a P/E ratio of 32.05, a P/E/G ratio of 3.17 and a beta of 0.92. The business has a fifty day simple moving average of $137.50 and a two-hundred day simple moving average of $129.83. The TJX Companies, Inc. has a 12 month low of $111.73 and a 12 month high of $145.58.
TJX Companies Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 13th will be given 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 (DPR) is currently 38.72%.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on TJX. Daiwa Capital Markets began coverage on shares of TJX Companies in a report on Tuesday, July 8th. They issued an “outperform” rating and a $133.00 price target on the stock. 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 report on Thursday, August 21st. Daiwa America raised shares of TJX Companies to a “strong-buy” rating in a report on Tuesday, July 8th. JPMorgan Chase & Co. upped their price objective on shares of TJX Companies from $148.00 to $149.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Morgan Stanley upped their price objective on shares of TJX Companies from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. One investment 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.com, the stock presently has an average rating of “Buy” and an average target price of $147.63.
Check Out Our Latest Report on TJX Companies
About TJX Companies
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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