May Hill Capital LLC raised its position in shares of The TJX Companies, Inc. (NYSE:TJX – Free Report) by 6.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,818 shares of the apparel and home fashions retailer’s stock after purchasing an additional 105 shares during the period. May Hill Capital LLC’s holdings in TJX Companies were worth $225,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the company. Logan Capital Management Inc. raised its position in TJX Companies by 79.3% during the second quarter. Logan Capital Management Inc. now owns 52,911 shares of the apparel and home fashions retailer’s stock valued at $6,534,000 after purchasing an additional 23,395 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its stake in shares of TJX Companies by 1.1% during the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 23,896 shares of the apparel and home fashions retailer’s stock valued at $2,951,000 after buying an additional 251 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of TJX Companies by 24.7% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 351,468 shares of the apparel and home fashions retailer’s stock valued at $43,403,000 after buying an additional 69,600 shares during the last quarter. Advisory Alpha LLC grew its stake in shares of TJX Companies by 18.8% during the second quarter. Advisory Alpha LLC now owns 6,669 shares of the apparel and home fashions retailer’s stock valued at $824,000 after buying an additional 1,056 shares during the last quarter. Finally, Rossby Financial LCC grew its stake in shares of TJX Companies by 2.5% during the second quarter. Rossby Financial LCC now owns 7,073 shares of the apparel and home fashions retailer’s stock valued at $873,000 after buying an additional 174 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.
TJX Companies Stock Up 0.4%
NYSE TJX opened at $143.91 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 0.52. The stock has a market capitalization of $160.17 billion, a PE ratio of 32.78, a PEG ratio of 3.18 and a beta of 0.92. The TJX Companies, Inc. has a 1 year low of $111.73 and a 1 year high of $146.46. The business’s 50-day moving average is $140.70 and its 200 day moving average is $131.95.
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. This represents a $1.70 annualized dividend 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%.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on TJX shares. JPMorgan Chase & Co. raised their price objective on TJX Companies from $148.00 to $149.00 and gave the company an “overweight” rating in a research note on Monday, October 6th. Macquarie reaffirmed a “buy” rating on shares of TJX Companies in a research note on Monday, August 11th. Daiwa America raised TJX Companies to a “strong-buy” rating in a research note on Tuesday, July 8th. Sanford C. Bernstein raised 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. Finally, Citigroup raised 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. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, TJX Companies currently has an average rating of “Buy” and a consensus target price of $149.00.
Read Our Latest 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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