Appleton Partners Inc. MA lowered its position in shares of The TJX Companies, Inc. (NYSE:TJX – Free Report) by 4.2% in the second quarter, Holdings Channel reports. The institutional investor owned 48,347 shares of the apparel and home fashions retailer’s stock after selling 2,124 shares during the period. Appleton Partners Inc. MA’s holdings in TJX Companies were worth $5,970,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of TJX. Vanguard Group Inc. increased its holdings in TJX Companies by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 100,413,764 shares of the apparel and home fashions retailer’s stock worth $12,230,396,000 after purchasing an additional 1,099,129 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in TJX Companies by 0.3% in the 1st quarter. Ameriprise Financial Inc. now owns 13,068,312 shares of the apparel and home fashions retailer’s stock worth $1,591,758,000 after purchasing an additional 35,800 shares in the last quarter. Amundi increased its holdings in TJX Companies by 10.2% in the 1st quarter. Amundi now owns 11,888,455 shares of the apparel and home fashions retailer’s stock worth $1,489,305,000 after purchasing an additional 1,104,292 shares in the last quarter. Nuveen LLC acquired a new position in TJX Companies in the 1st quarter worth about $1,330,717,000. Finally, Invesco Ltd. increased its holdings in TJX Companies by 2.8% in the 1st quarter. Invesco Ltd. now owns 9,000,600 shares of the apparel and home fashions retailer’s stock worth $1,096,273,000 after purchasing an additional 247,579 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.
TJX Companies Stock Down 0.8%
TJX stock opened at $141.30 on Monday. The TJX Companies, Inc. has a twelve month low of $111.22 and a twelve month 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’s 50 day moving average is $136.51 and its 200-day moving average is $129.47. The firm has a market capitalization of $157.26 billion, a PE ratio of 32.19, a P/E/G ratio of 3.18 and a beta of 0.92.
TJX Companies Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 13th will be given a dividend of $0.425 per share. 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, November 13th. TJX Companies’s dividend payout ratio (DPR) is presently 38.72%.
Analysts Set New Price Targets
TJX has been the subject of a number of recent research reports. Barclays upped their target price on TJX Companies from $147.00 to $155.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Erste Group Bank started coverage on TJX Companies in a research note on Friday, September 5th. They issued a “buy” rating for the company. Citigroup increased their price target on TJX Companies from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. 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 research note on Wednesday, August 20th. Finally, 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 research note on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, TJX Companies has a consensus rating of “Buy” and an average target price of $147.58.
Get Our Latest Analysis 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.
Featured Stories
- Five stocks we like better than TJX Companies
- Technology Stocks Explained: Here’s What to Know About Tech
- 3 Defense Stocks Surging as Ukraine Tensions Deepen
- Uptrend Stocks Explained: Learn How to Trade Using Uptrends
- Starbucks Stock Slumps; This Competitor Shows Strength
- Stock Average Calculator
- The Trade Desk: 2 Signs of a Comeback, 1 Risk Ahead
Want to see what other hedge funds are holding TJX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The TJX Companies, Inc. (NYSE:TJX – Free Report).
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.