Boston Family Office LLC lifted its position in shares of The TJX Companies, Inc. (NYSE:TJX – Free Report) by 3.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,348 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,517 shares during the quarter. Boston Family Office LLC’s holdings in TJX Companies were worth $6,341,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in TJX. Princeton Global Asset Management LLC acquired a new position in TJX Companies in the second quarter valued at about $28,000. Legacy Investment Solutions LLC bought a new position in shares of TJX Companies during the 2nd quarter valued at about $32,000. True Wealth Design LLC grew its position in shares of 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 valued at $34,000 after purchasing an additional 149 shares during the period. Activest Wealth Management grew its position 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 valued at $39,000 after purchasing an additional 314 shares during the period. Finally, Maseco LLP bought a new stake in TJX Companies during the 2nd quarter worth approximately $43,000. Institutional investors and hedge funds own 91.09% of the company’s stock.
TJX Companies Stock Performance
TJX opened at $152.45 on Monday. The business’s 50-day simple moving average is $144.25 and its 200 day simple moving average is $134.95. The TJX Companies, Inc. has a 52-week low of $112.10 and a 52-week high of $154.66. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.52 and a current ratio of 1.17. The firm has a market capitalization of $169.67 billion, a PE ratio of 34.73, a PEG ratio of 3.14 and a beta of 0.90.
TJX Companies Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 13th will be paid a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 1.1%. The ex-dividend date is Thursday, November 13th. TJX Companies’s dividend payout ratio (DPR) is 37.53%.
Insider Transactions at TJX Companies
In other TJX Companies news, CEO Ernie Herrman sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $148.81, for a total transaction of $4,464,300.00. Following the transaction, the chief executive officer owned 535,143 shares of the company’s stock, valued at $79,634,629.83. The trade was a 5.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Amy B. Lane sold 500 shares of TJX Companies stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $151.40, for a total value of $75,700.00. Following the transaction, the director owned 22,212 shares of the company’s stock, valued at $3,362,896.80. This represents a 2.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 54,863 shares of company stock valued at $8,226,366 in the last quarter. 0.13% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on TJX shares. TD Cowen lifted their price target on shares of TJX Companies from $162.00 to $167.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. Robert W. Baird set a $160.00 price objective on shares of TJX Companies and gave the company an “outperform” rating in a research report on Thursday, November 20th. Wells Fargo & Company reiterated a “market perform” rating and set a $145.00 target price (up previously from $140.00) on shares of TJX Companies in a report on Thursday, November 20th. Weiss Ratings restated a “buy (b+)” rating on shares of TJX Companies in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. increased their price objective on TJX Companies from $150.00 to $154.00 and gave the stock an “overweight” rating in a report on Thursday, November 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $158.90.
Read Our Latest Report on TJX Companies
TJX Companies Company 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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