Cidel Asset Management Inc. reduced its position in The TJX Companies, Inc. (NYSE:TJX – Free Report) by 4.3% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,870 shares of the apparel and home fashions retailer’s stock after selling 174 shares during the quarter. Cidel Asset Management Inc.’s holdings in TJX Companies were worth $478,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of the company. TCTC Holdings LLC increased its stake 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 period. Atlantic Edge Private Wealth Management LLC boosted its holdings in TJX Companies by 58.8% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer’s stock valued at $36,000 after purchasing an additional 110 shares in the last quarter. Iron Horse Wealth Management LLC boosted its holdings in TJX Companies by 99.3% in the 1st quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer’s stock valued at $36,000 after purchasing an additional 149 shares in the last quarter. Inlight Wealth Management LLC acquired a new position in TJX Companies during the 1st quarter worth approximately $37,000. Finally, Activest Wealth Management raised its stake in shares of TJX Companies by 4,485.7% during the 1st quarter. Activest Wealth Management now owns 321 shares of the apparel and home fashions retailer’s stock worth $39,000 after buying an additional 314 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.
TJX Companies Stock Up 1.0%
TJX Companies stock opened at $143.95 on Monday. The TJX Companies, Inc. has a fifty-two week low of $111.73 and a fifty-two week high of $146.46. The firm has a market capitalization of $160.21 billion, a price-to-earnings ratio of 32.79, a price-to-earnings-growth ratio of 3.19 and a beta of 0.92. The stock’s fifty day moving average is $139.33 and its two-hundred day moving average is $130.96. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.52 and a current ratio of 1.17.
TJX Companies Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be given a $0.425 dividend. The ex-dividend date is Thursday, November 13th. This represents a $1.70 annualized dividend and a dividend yield of 1.2%. TJX Companies’s dividend payout ratio is currently 38.72%.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the company. Citigroup lifted their price target on TJX Companies from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. Weiss Ratings reissued a “buy (b+)” rating on shares of TJX Companies in a report on Wednesday, October 8th. Telsey Advisory Group restated an “outperform” rating and set a $155.00 target price (up from $150.00) on shares of TJX Companies in a research report on Wednesday, August 20th. Sanford C. Bernstein upped their price target on shares of TJX Companies from $145.00 to $152.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. Finally, BTIG Research initiated coverage on shares of TJX Companies in a research note on Tuesday, October 14th. They issued a “buy” rating and a $165.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $148.50.
Read Our Latest 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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