Capricorn Fund Managers Ltd lifted its stake in shares of The TJX Companies, Inc. (NYSE:TJX – Free Report) by 50.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,499 shares of the apparel and home fashions retailer’s stock after purchasing an additional 13,999 shares during the quarter. TJX Companies comprises 2.4% of Capricorn Fund Managers Ltd’s investment portfolio, making the stock its 17th biggest holding. Capricorn Fund Managers Ltd’s holdings in TJX Companies were worth $5,125,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently made changes to their positions in TJX. TCTC Holdings LLC boosted its position 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 worth $26,000 after purchasing an additional 145 shares in the last quarter. Atlantic Edge Private Wealth Management LLC lifted its position in TJX Companies by 58.8% in 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 acquiring an additional 110 shares in the last quarter. Iron Horse Wealth Management LLC lifted its position in TJX Companies by 99.3% in 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 acquiring an additional 149 shares in the last quarter. Inlight Wealth Management LLC bought a new position in TJX Companies in the 1st quarter valued at about $37,000. Finally, Activest Wealth Management lifted its position in 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 acquiring an additional 314 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.
TJX Companies Price Performance
TJX Companies stock opened at $141.30 on Friday. The TJX Companies, Inc. has a 52 week low of $111.22 and a 52 week high of $145.58. The company’s 50 day moving average price is $136.51 and its two-hundred day moving average price is $129.30. 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 stock has a market cap of $157.26 billion, a P/E ratio of 32.19, a P/E/G ratio of 3.21 and a beta of 0.92.
TJX Companies Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be paid a dividend of $0.425 per share. The ex-dividend date 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 presently 38.72%.
Analyst Ratings Changes
Several equities analysts recently weighed in on the stock. Daiwa America raised shares of TJX Companies to a “strong-buy” rating in a research report on Tuesday, July 8th. Wells Fargo & Company raised 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 report on Thursday, August 21st. Morgan Stanley raised their price target on shares of TJX Companies from $140.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. UBS Group raised their price target on shares of TJX Companies from $164.00 to $172.00 and gave the company a “buy” rating in a research report on Thursday, August 21st. Finally, Evercore ISI raised their price target on shares of TJX Companies from $150.00 to $162.00 and gave the company an “outperform” rating in a research report on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, TJX Companies presently has an average rating of “Buy” and an average price target of $147.58.
Check Out Our Latest Stock Analysis on TJX
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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