Cantor Fitzgerald Investment Advisors L.P. lowered its holdings in shares of The TJX Companies, Inc. (NYSE:TJX – Free Report) by 3.6% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,819 shares of the apparel and home fashions retailer’s stock after selling 515 shares during the period. Cantor Fitzgerald Investment Advisors L.P.’s holdings in TJX Companies were worth $1,707,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of TJX Companies by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 100,413,764 shares of the apparel and home fashions retailer’s stock worth $12,230,396,000 after buying an additional 1,099,129 shares in the last quarter. Ameriprise Financial Inc. grew its position in TJX Companies by 0.3% during the 1st quarter. Ameriprise Financial Inc. now owns 13,068,312 shares of the apparel and home fashions retailer’s stock worth $1,591,758,000 after acquiring an additional 35,800 shares during the last quarter. Amundi grew its position in TJX Companies by 10.2% during the 1st quarter. Amundi now owns 11,888,455 shares of the apparel and home fashions retailer’s stock worth $1,489,305,000 after acquiring an additional 1,104,292 shares during the last quarter. Nuveen LLC bought a new stake in TJX Companies during the 1st quarter worth $1,330,717,000. Finally, Invesco Ltd. grew its position in TJX Companies by 2.8% during the 1st quarter. Invesco Ltd. now owns 9,000,600 shares of the apparel and home fashions retailer’s stock worth $1,096,273,000 after acquiring an additional 247,579 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.
TJX Companies Trading Down 0.0%
NYSE TJX opened at $144.49 on Thursday. The business’s 50-day moving average price is $135.88 and its two-hundred day moving average price is $128.93. The TJX Companies, Inc. has a 12 month low of $111.22 and a 12 month high of $145.58. The firm has a market capitalization of $160.80 billion, a PE ratio of 32.91, a price-to-earnings-growth ratio of 3.25 and a beta of 0.92. The company has a current ratio of 1.17, a quick ratio of 0.52 and a debt-to-equity ratio of 0.32.
TJX Companies Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 13th will be given a dividend of $0.425 per share. 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 presently 38.72%.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on TJX. Wells Fargo & Company boosted their price objective 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. Bank of America boosted their price objective on TJX Companies from $145.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, August 21st. Sanford C. Bernstein boosted 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. Wall Street Zen upgraded TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, August 23rd. Finally, Robert W. Baird upped their price target on TJX Companies from $143.00 to $152.00 and gave the company an “outperform” rating in a research report on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $147.58.
View Our Latest Stock Report on TJX
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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