Aries Wealth Management raised its stake in shares of The TJX Companies, Inc. (NYSE:TJX – Free Report) by 1.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,351 shares of the apparel and home fashions retailer’s stock after purchasing an additional 240 shares during the period. Aries Wealth Management’s holdings in TJX Companies were worth $1,772,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. Revolve Wealth Partners LLC grew its stake in shares of TJX Companies by 3.3% in the second quarter. Revolve Wealth Partners LLC now owns 2,453 shares of the apparel and home fashions retailer’s stock worth $303,000 after acquiring an additional 79 shares during the last quarter. Clear Creek Financial Management LLC grew its stake in shares of TJX Companies by 1.8% in the first quarter. Clear Creek Financial Management LLC now owns 4,811 shares of the apparel and home fashions retailer’s stock worth $586,000 after acquiring an additional 83 shares during the last quarter. Knuff & Co LLC grew its stake in shares of TJX Companies by 8.5% in the first quarter. Knuff & Co LLC now owns 1,056 shares of the apparel and home fashions retailer’s stock worth $129,000 after acquiring an additional 83 shares during the last quarter. 3Chopt Investment Partners LLC grew its stake in shares of TJX Companies by 1.6% in the second quarter. 3Chopt Investment Partners LLC now owns 5,239 shares of the apparel and home fashions retailer’s stock worth $647,000 after acquiring an additional 83 shares during the last quarter. Finally, McLean Asset Management Corp grew its stake in shares of TJX Companies by 3.2% in the second quarter. McLean Asset Management Corp now owns 2,746 shares of the apparel and home fashions retailer’s stock worth $344,000 after acquiring an additional 84 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.
TJX Companies Stock Up 1.9%
Shares of NYSE TJX opened at $144.10 on Wednesday. The stock has a market cap of $160.38 billion, a PE ratio of 32.83, a PEG ratio of 3.14 and a beta of 0.92. The business has a fifty day moving average of $138.62 and a two-hundred day moving average of $130.50. The TJX Companies, Inc. has a 52-week low of $111.73 and a 52-week high of $145.58. 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. Investors of record on Thursday, November 13th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, November 13th. TJX Companies’s payout ratio is currently 38.72%.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on TJX. BTIG Research assumed coverage on shares of TJX Companies in a research note on Tuesday. They issued a “buy” rating and a $165.00 price objective on the stock. Sanford C. Bernstein raised their target price on TJX Companies from $145.00 to $152.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Citigroup raised their target price on TJX Companies from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, August 21st. Robert W. Baird raised their target price on TJX Companies from $143.00 to $152.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Finally, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of TJX Companies in a research report on Wednesday, October 8th. One investment 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $148.50.
Get Our Latest Research 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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