Freedom Investment Management Inc. increased its stake in The TJX Companies, Inc. (NYSE:TJX – Free Report) by 33.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,798 shares of the apparel and home fashions retailer’s stock after buying an additional 1,950 shares during the quarter. Freedom Investment Management Inc.’s holdings in TJX Companies were worth $963,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of TJX. Brighton Jones LLC grew its stake in shares of TJX Companies by 113.7% in the fourth quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer’s stock valued at $1,817,000 after buying an additional 8,002 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in shares of TJX Companies by 12.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer’s stock valued at $262,000 after buying an additional 235 shares in the last quarter. Bison Wealth LLC grew its stake in shares of TJX Companies by 32.9% in the fourth quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer’s stock valued at $466,000 after buying an additional 955 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of TJX Companies by 19.8% in the first quarter. GAMMA Investing LLC now owns 23,909 shares of the apparel and home fashions retailer’s stock valued at $2,912,000 after buying an additional 3,944 shares in the last quarter. Finally, Golden State Wealth Management LLC grew its stake in shares of TJX Companies by 182.2% in the first quarter. Golden State Wealth Management LLC now owns 6,608 shares of the apparel and home fashions retailer’s stock valued at $805,000 after buying an additional 4,266 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.
TJX Companies Trading Down 0.4%
NYSE:TJX opened at $141.90 on Friday. 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 business’s 50 day moving average is $140.31 and its two-hundred day moving average is $131.60. The TJX Companies, Inc. has a 52 week low of $111.73 and a 52 week high of $146.46. The company has a market cap of $157.92 billion, a PE ratio of 32.32, a P/E/G ratio of 3.16 and a beta of 0.92.
TJX Companies Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 13th will be issued a dividend of $0.425 per share. 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 dividend payout ratio (DPR) is currently 38.72%.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on TJX. UBS Group increased their target price on TJX Companies from $164.00 to $172.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. JPMorgan Chase & Co. increased their price target on TJX Companies from $148.00 to $149.00 and gave the company an “overweight” rating in a report on Monday, October 6th. Barclays increased their price target on TJX Companies from $147.00 to $155.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Bank of America increased their price target on TJX Companies from $145.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, August 21st. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $155.00 price target (up previously from $150.00) on shares of TJX Companies in a report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, TJX Companies currently has a consensus rating of “Buy” and a consensus target price of $148.50.
Get Our Latest Analysis 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.
Featured Stories
- Five stocks we like better than TJX Companies
- How to find penny stocks to invest and tradeĀ
- Rayonier-PotlatchDeltic Merger Signals Industry Upside
- Natural Gas Prices Continue To Rally, These Stocks Should Benefit
- Hims & Hers Short Interest Nears All-Time High, Buy The Dip?
- How to Short Nasdaq: An Easy-to-Follow Guide
- This Defense Stock Has a $57B Backlog and New AI Tailwinds
Receive News & Ratings for TJX Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TJX Companies and related companies with MarketBeat.com's FREE daily email newsletter.
