One Way Holdings LLC boosted its stake in The TJX Companies, Inc. (NYSE:TJX – Free Report) by 7.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 169,815 shares of the apparel and home fashions retailer’s stock after purchasing an additional 11,112 shares during the period. One Way Holdings LLC’s holdings in TJX Companies were worth $22,468,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. bought a new position in shares of TJX Companies in the second quarter worth approximately $16,489,926,000. State Street Corp raised its holdings in TJX Companies by 2.9% during the 2nd quarter. State Street Corp now owns 49,709,223 shares of the apparel and home fashions retailer’s stock valued at $7,530,947,000 after buying an additional 1,388,026 shares during the last quarter. Bank of America Corp DE bought a new stake in TJX Companies during the 2nd quarter valued at $3,511,553,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in TJX Companies by 7.6% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,560,007 shares of the apparel and home fashions retailer’s stock valued at $1,902,841,000 after buying an additional 883,294 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in TJX Companies during the 2nd quarter valued at $1,598,731,000. Institutional investors own 91.09% of the company’s stock.
TJX Companies Stock Up 0.0%
TJX stock opened at $140.34 on Monday. The TJX Companies, Inc. has a twelve month low of $122.78 and a twelve month high of $170.00. The company has a quick ratio of 0.56, a current ratio of 1.15 and a debt-to-equity ratio of 0.18. The firm has a market cap of $154.37 billion, a PE ratio of 25.94, a price-to-earnings-growth ratio of 2.66 and a beta of 0.58. The business has a 50 day moving average of $135.71 and a 200 day moving average of $151.19.
TJX Companies Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, November 12th will be paid a $0.48 dividend. The ex-dividend date is Thursday, November 12th. This represents a $1.92 dividend on an annualized basis and a yield of 1.4%. TJX Companies’s payout ratio is presently 35.49%.
Analysts Set New Price Targets
TJX has been the topic of a number of recent analyst reports. Guggenheim set a $152.00 price target on shares of TJX Companies and gave the stock a “buy” rating in a report on Monday, August 31st. Gordon Haskett cut TJX Companies from a “buy” rating to an “accumulate” rating and set a $155.00 target price on the stock. in a research note on Thursday, August 20th. Sanford C. Bernstein reissued an “outperform” rating and issued a $175.00 target price on shares of TJX Companies in a research note on Tuesday, August 25th. JPMorgan Chase & Co. boosted their price target on TJX Companies from $168.00 to $171.00 and gave the company an “overweight” rating in a report on Thursday, August 20th. Finally, The Goldman Sachs Group lowered their price target on TJX Companies from $194.00 to $178.00 and set a “buy” rating for the company in a research report on Thursday, August 20th. Twenty-one analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $174.95.
Get Our Latest Report on TJX Companies
TJX Companies Company Profile
The TJX Companies, Inc (NYSE: TJX) is an off-price retailer specializing in apparel, footwear, accessories, and home merchandise. Its stores offer branded and designer products at prices generally below those of full-price retailers, using a flexible purchasing model that allows the company to acquire merchandise from manufacturers, retailers, and other suppliers.
The company operates a portfolio of retail banners, including T.J. Maxx, Marshalls, HomeGoods, Sierra, and Homesense in the United States; Winners, HomeSense, and Marshalls in Canada; and TK Maxx and Homesense in Europe and Australia.
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