Monetary Management Group Inc. boosted its holdings in The TJX Companies, Inc. (NYSE:TJX – Free Report) by 2.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,090 shares of the apparel and home fashions retailer’s stock after buying an additional 300 shares during the period. Monetary Management Group Inc.’s holdings in TJX Companies were worth $1,594,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also bought and sold shares of TJX. TCTC Holdings LLC raised its position 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 increased its stake 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 worth $36,000 after acquiring an additional 110 shares during the last quarter. Iron Horse Wealth Management LLC increased its stake 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 worth $36,000 after acquiring an additional 149 shares during the last quarter. Inlight Wealth Management LLC purchased a new stake in shares of TJX Companies in the 1st quarter valued at about $37,000. Finally, Rialto Wealth Management LLC boosted its position in shares of TJX Companies by 105.9% during the 1st quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer’s stock valued at $42,000 after acquiring an additional 179 shares during the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.
TJX Companies Trading Down 0.7%
Shares of TJX opened at $137.3490 on Friday. The TJX Companies, Inc. has a fifty-two week low of $111.22 and a fifty-two week high of $145.58. The firm has a market cap of $153.43 billion, a price-to-earnings ratio of 31.29, a PEG ratio of 3.18 and a beta of 0.89. The firm has a 50 day moving average price of $126.74 and a 200-day moving average price of $125.40. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.51 and a current ratio of 1.17.
TJX Companies Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies’s payout ratio is 40.00%.
Insider Buying and Selling at TJX Companies
In related news, Director Amy B. Lane sold 950 shares of the stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total transaction of $121,685.50. Following the completion of the sale, the director directly owned 22,712 shares in the company, valued at $2,909,180.08. This represents a 4.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.13% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on the stock. Daiwa America upgraded shares of TJX Companies to a “strong-buy” rating in a research report on Tuesday, July 8th. TD Securities boosted their price target on shares of TJX Companies from $140.00 to $142.00 and gave the stock a “buy” rating in a research note on Tuesday, May 20th. 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. Macquarie restated a “buy” rating on shares of TJX Companies in a research report on Monday, August 11th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $155.00 target price (up from $150.00) on shares of TJX Companies in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $147.58.
View Our Latest Stock Analysis on TJX
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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