Cyndeo Wealth Partners LLC lifted its position in The TJX Companies, Inc. (NYSE:TJX – Free Report) by 4.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 130,498 shares of the apparel and home fashions retailer’s stock after acquiring an additional 5,760 shares during the period. TJX Companies accounts for approximately 0.9% of Cyndeo Wealth Partners LLC’s investment portfolio, making the stock its 24th biggest holding. Cyndeo Wealth Partners LLC’s holdings in TJX Companies were worth $16,115,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in TJX. TCTC Holdings LLC increased its position in shares of TJX Companies by 210.1% in the 1st quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer’s stock valued at $26,000 after acquiring an additional 145 shares during the period. Atlantic Edge Private Wealth Management LLC grew its position in TJX Companies by 58.8% during 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 purchasing an additional 110 shares during the period. Iron Horse Wealth Management LLC grew its position in TJX Companies by 99.3% during 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 purchasing an additional 149 shares during the period. Inlight Wealth Management LLC acquired a new stake in TJX Companies during the 1st quarter worth about $37,000. Finally, Activest Wealth Management grew its position in TJX Companies by 4,485.7% during the 1st quarter. Activest Wealth Management now owns 321 shares of the apparel and home fashions retailer’s stock worth $39,000 after purchasing an additional 314 shares during the period. 91.09% of the stock is owned by institutional investors and hedge funds.
TJX Companies Price Performance
NYSE:TJX opened at $138.57 on Friday. The TJX Companies, Inc. has a 52 week low of $111.73 and a 52 week high of $145.58. 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 capitalization of $154.22 billion, a PE ratio of 31.56, a price-to-earnings-growth ratio of 3.12 and a beta of 0.92. The stock’s 50-day moving average price is $137.78 and its 200-day moving average price is $129.96.
TJX Companies Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 13th will be issued a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, November 13th. TJX Companies’s payout ratio is presently 38.72%.
Analyst Ratings Changes
Several brokerages have weighed in on TJX. Daiwa Capital Markets began coverage on TJX Companies in a research report on Tuesday, July 8th. They set an “outperform” rating and a $133.00 price target on the stock. UBS Group increased their price target on TJX Companies from $164.00 to $172.00 and gave the stock a “buy” rating in a research report on Thursday, August 21st. Sanford C. Bernstein increased their price target on TJX Companies from $145.00 to $152.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Evercore ISI increased their price target on TJX Companies from $150.00 to $162.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Finally, Macquarie reaffirmed a “buy” rating on shares of TJX Companies in a research report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $147.63.
View Our Latest Stock Report on TJX
TJX Companies 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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