Generali Investments Management Co LLC raised its stake in The TJX Companies, Inc. (NYSE:TJX – Free Report) by 44.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,161 shares of the apparel and home fashions retailer’s stock after acquiring an additional 666 shares during the period. Generali Investments Management Co LLC’s holdings in TJX Companies were worth $266,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the stock. TCTC Holdings LLC raised its holdings in TJX Companies by 210.1% in the first quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer’s stock worth $26,000 after buying an additional 145 shares during the last quarter. Princeton Global Asset Management LLC bought a new position in shares of TJX Companies during the second quarter valued at $28,000. Legacy Investment Solutions LLC bought a new stake in TJX Companies in the 2nd quarter worth about $32,000. True Wealth Design LLC grew its position in TJX Companies by 121.1% in the 2nd quarter. True Wealth Design LLC now owns 272 shares of the apparel and home fashions retailer’s stock worth $34,000 after purchasing an additional 149 shares during the period. Finally, Activest Wealth Management boosted its stake in shares of TJX Companies by 4,485.7% in 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 during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.
TJX Companies Trading Down 0.2%
Shares of TJX stock opened at $146.05 on Friday. The company has a market cap of $162.55 billion, a PE ratio of 33.27, a price-to-earnings-growth ratio of 3.14 and a beta of 0.90. The TJX Companies, Inc. has a 1 year low of $112.10 and a 1 year high of $148.11. The stock’s 50 day simple moving average is $142.33 and its two-hundred day simple moving average is $133.48. 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. Investors of record on Thursday, November 13th will be given 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 is 38.72%.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on TJX shares. Evercore ISI boosted their target price on shares of TJX Companies from $150.00 to $162.00 and gave the company an “outperform” rating in a research report on Thursday, August 21st. Jefferies Financial Group reissued a “buy” rating and set a $170.00 price target on shares of TJX Companies in a report on Tuesday. Barclays boosted their price target on TJX Companies from $147.00 to $155.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. BTIG Research started coverage on shares of TJX Companies in a report on Tuesday, October 14th. They issued a “buy” rating and a $165.00 target price on the stock. Finally, Wall Street Zen raised TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, August 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, TJX Companies has a consensus rating of “Buy” and an average price target of $151.75.
View Our Latest Research Report 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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