Appleton Partners Inc. MA decreased its holdings in The TJX Companies, Inc. (NYSE:TJX – Free Report) by 4.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 SEC filing.
A number of other large investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of 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 valued at $12,230,396,000 after purchasing an additional 1,099,129 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of 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 valued at $1,591,758,000 after purchasing an additional 35,800 shares during the period. Amundi increased its holdings in shares of 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 valued at $1,489,305,000 after purchasing an additional 1,104,292 shares during the period. Nuveen LLC acquired a new position in TJX Companies in the first quarter worth approximately $1,330,717,000. Finally, Invesco Ltd. increased its holdings in TJX Companies by 2.8% in the first quarter. Invesco Ltd. now owns 9,000,600 shares of the apparel and home fashions retailer’s stock worth $1,096,273,000 after buying an additional 247,579 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.
TJX Companies Price Performance
TJX Companies stock opened at $141.30 on Monday. The business’s 50-day simple moving average is $136.51 and its 200 day simple moving average is $129.47. The stock has a market cap of $157.26 billion, a price-to-earnings ratio of 32.19, a P/E/G ratio of 3.18 and a beta of 0.92. The TJX Companies, Inc. has a 12-month low of $111.22 and a 12-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.
TJX Companies Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 13th will be given a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $1.70 annualized dividend and a dividend yield of 1.2%. TJX Companies’s payout ratio is 38.72%.
Wall Street Analyst Weigh In
TJX has been the topic of a number of research reports. Telsey Advisory Group restated an “outperform” rating and issued a $155.00 price objective (up previously from $150.00) on shares of TJX Companies in a report on Wednesday, August 20th. Daiwa America raised TJX Companies to a “strong-buy” rating in a research report on Tuesday, July 8th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of TJX Companies in a research report on Saturday, September 27th. Robert W. Baird upped their target price on TJX Companies from $143.00 to $152.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Finally, Bank of America upped their target price on TJX Companies from $145.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, August 21st. One research 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $147.58.
Check Out Our Latest Stock Analysis on TJX Companies
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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