L. Roy Papp & Associates LLP reduced its stake in shares of The TJX Companies, Inc. (NYSE:TJX – Free Report) by 9.7% during the 2nd quarter, HoldingsChannel reports. The fund owned 2,105 shares of the apparel and home fashions retailer’s stock after selling 226 shares during the period. L. Roy Papp & Associates LLP’s holdings in TJX Companies were worth $260,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. TCTC Holdings LLC increased its stake in TJX Companies by 210.1% during the first quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer’s stock worth $26,000 after acquiring an additional 145 shares during the last quarter. Atlantic Edge Private Wealth Management LLC increased its stake in TJX Companies by 58.8% during the first 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% during the first 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 bought a new stake in TJX Companies during the first quarter worth approximately $37,000. Finally, Activest Wealth Management increased its stake in TJX Companies by 4,485.7% during the first quarter. Activest Wealth Management now owns 321 shares of the apparel and home fashions retailer’s stock worth $39,000 after acquiring an additional 314 shares during the last quarter. 91.09% of the stock is owned by institutional investors.
TJX Companies Stock Down 1.5%
Shares of NYSE TJX opened at $138.57 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.52 and a current ratio of 1.17. The firm has a market capitalization of $154.22 billion, a price-to-earnings ratio of 31.56, a PEG ratio of 3.12 and a beta of 0.92. The stock has a 50 day moving average price of $137.78 and a 200 day moving average price of $129.96. The TJX Companies, Inc. has a 52-week low of $111.73 and a 52-week high of $145.58.
TJX Companies Dividend Announcement
The company also recently declared 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. The ex-dividend date is Thursday, November 13th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.2%. TJX Companies’s payout ratio is presently 38.72%.
Analyst Ratings Changes
Several research analysts have issued reports on the company. Wells Fargo & Company boosted their target price on TJX Companies from $120.00 to $130.00 and gave the company an “equal weight” rating in a research report on Thursday, August 21st. Sanford C. Bernstein boosted their target price on TJX Companies from $145.00 to $152.00 and gave the company an “outperform” rating in a research report on Thursday, August 21st. Macquarie restated a “buy” rating on shares of TJX Companies in a research report on Monday, August 11th. Weiss Ratings restated a “buy (b+)” rating on shares of TJX Companies in a research report on Wednesday. Finally, Barclays boosted their target price on TJX Companies from $147.00 to $155.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, TJX Companies currently has a consensus rating of “Buy” and a consensus price target of $147.63.
Read 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.
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