Oregon Public Employees Retirement Fund trimmed its holdings in shares of The TJX Companies, Inc. (NYSE:TJX – Free Report) by 0.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 96,513 shares of the apparel and home fashions retailer’s stock after selling 100 shares during the period. Oregon Public Employees Retirement Fund’s holdings in TJX Companies were worth $11,918,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. TCTC Holdings LLC raised its position 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 acquiring an additional 145 shares during the period. Atlantic Edge Private Wealth Management LLC grew its position in shares of TJX Companies by 58.8% during 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 acquiring an additional 110 shares during the period. Iron Horse Wealth Management LLC increased its stake in shares of TJX Companies by 99.3% during the 1st quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer’s stock worth $36,000 after purchasing an additional 149 shares during the last quarter. Inlight Wealth Management LLC bought a new stake in shares of TJX Companies in the 1st quarter worth approximately $37,000. Finally, Activest Wealth Management raised its holdings 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 purchasing an additional 314 shares during the period. Institutional investors own 91.09% of the company’s stock.
TJX Companies Stock Performance
Shares of TJX opened at $140.38 on Monday. The stock’s 50-day simple moving average is $138.07 and its 200 day simple moving average is $130.24. The stock has a market capitalization of $156.23 billion, a price-to-earnings ratio of 31.98, a price-to-earnings-growth ratio of 3.12 and a beta of 0.92. 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 TJX Companies, Inc. has a 52-week low of $111.73 and a 52-week high of $145.58.
TJX Companies Announces Dividend
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 issued a dividend of $0.425 per share. 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 equities analysts have weighed in on the company. Citigroup increased their price objective on TJX Companies from $140.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, August 21st. Morgan Stanley increased their price target on TJX Companies from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Telsey Advisory Group reissued an “outperform” rating and issued a $155.00 price objective (up previously from $150.00) on shares of TJX Companies in a report on Wednesday, August 20th. Daiwa Capital Markets started coverage on TJX Companies in a research note on Tuesday, July 8th. They issued an “outperform” rating and a $133.00 price objective on the stock. Finally, Macquarie reiterated a “buy” rating on shares of TJX Companies in a research report 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 issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $147.63.
Read Our Latest Stock 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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