Cypress Capital Group cut its position in The TJX Companies, Inc. (NYSE:TJX – Free Report) by 0.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 95,187 shares of the apparel and home fashions retailer’s stock after selling 381 shares during the quarter. TJX Companies accounts for about 1.5% of Cypress Capital Group’s holdings, making the stock its 18th biggest holding. Cypress Capital Group’s holdings in TJX Companies were worth $11,755,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. TCTC Holdings LLC raised its position in shares of 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 raised its position in shares of 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 raised its position in shares of 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 position in shares of TJX Companies during the first quarter worth about $37,000. Finally, Activest Wealth Management raised its position in shares of 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 currently owned by institutional investors.
TJX Companies Trading Up 1.3%
NYSE TJX opened at $140.38 on Monday. The business has a 50 day simple moving average of $138.07 and a 200 day simple moving average of $130.24. The TJX Companies, Inc. has a one year low of $111.73 and a one year high of $145.58. The stock has a market capitalization of $156.23 billion, a P/E ratio of 31.98, a P/E/G ratio of 3.12 and a beta of 0.92. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 0.52.
TJX Companies Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 13th will be paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, November 13th. TJX Companies’s dividend payout ratio (DPR) is 38.72%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on TJX shares. Weiss Ratings restated a “buy (b+)” rating on shares of TJX Companies in a research report on Wednesday, October 8th. Robert W. Baird raised their price objective on TJX Companies from $143.00 to $152.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Telsey Advisory Group restated an “outperform” rating and set a $155.00 price objective (up from $150.00) on shares of TJX Companies in a research report on Wednesday, August 20th. Sanford C. Bernstein raised their price objective on TJX Companies from $145.00 to $152.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Finally, Macquarie reaffirmed a “buy” rating on shares of TJX Companies in a research note on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, TJX Companies presently has an average rating of “Buy” and a consensus target price of $147.63.
View Our Latest Analysis on TJX Companies
About TJX Companies
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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