L. Roy Papp & Associates LLP trimmed its position in shares of The TJX Companies, Inc. (NYSE:TJX – Free Report) by 9.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,105 shares of the apparel and home fashions retailer’s stock after selling 226 shares during the quarter. L. Roy Papp & Associates LLP’s holdings in TJX Companies were worth $260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently bought and sold shares of the stock. 3Chopt Investment Partners LLC increased its position in TJX Companies by 1.6% in the second quarter. 3Chopt Investment Partners LLC now owns 5,239 shares of the apparel and home fashions retailer’s stock worth $647,000 after buying an additional 83 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its position in TJX Companies by 108.4% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 13,582 shares of the apparel and home fashions retailer’s stock worth $1,678,000 after buying an additional 7,066 shares in the last quarter. Pinion Investment Advisors LLC increased its position in TJX Companies by 6.2% in the second quarter. Pinion Investment Advisors LLC now owns 3,035 shares of the apparel and home fashions retailer’s stock worth $375,000 after buying an additional 177 shares in the last quarter. McKinley Carter Wealth Services Inc. increased its position in TJX Companies by 2.3% in the second quarter. McKinley Carter Wealth Services Inc. now owns 85,826 shares of the apparel and home fashions retailer’s stock worth $10,599,000 after buying an additional 1,968 shares in the last quarter. Finally, Coordinated Financial Services Inc. purchased a new stake in TJX Companies in the second quarter worth about $290,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.
TJX Companies Trading Down 1.5%
Shares of TJX stock opened at $138.57 on Friday. The TJX Companies, Inc. has a 12-month low of $111.73 and a 12-month high of $145.58. The company has a current ratio of 1.17, a quick ratio of 0.52 and a debt-to-equity ratio of 0.32. The stock’s 50-day moving average price is $137.78 and its 200-day moving average price is $129.96. The stock has a market capitalization of $154.22 billion, a price-to-earnings ratio of 31.56, a price-to-earnings-growth ratio of 3.12 and a beta of 0.92.
TJX Companies Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be issued a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, November 13th. TJX Companies’s payout ratio is 38.72%.
Analysts Set New Price Targets
A number of analysts have commented on TJX shares. Robert W. Baird upped their price target on TJX Companies from $143.00 to $152.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Wells Fargo & Company upped their price target on TJX Companies from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 21st. Barclays upped their price target on TJX Companies from $147.00 to $155.00 and gave the stock an “overweight” 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. Finally, JPMorgan Chase & Co. boosted their price objective on TJX Companies from $148.00 to $149.00 and gave the company an “overweight” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $147.63.
View 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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