EagleClaw Capital Managment LLC trimmed its holdings in The TJX Companies, Inc. (NYSE:TJX – Free Report) by 1.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 67,420 shares of the apparel and home fashions retailer’s stock after selling 715 shares during the quarter. TJX Companies accounts for approximately 1.2% of EagleClaw Capital Managment LLC’s investment portfolio, making the stock its 26th biggest holding. EagleClaw Capital Managment LLC’s holdings in TJX Companies were worth $8,326,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. TCTC Holdings LLC boosted its stake in shares of 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 acquired a new position in TJX Companies in the second quarter valued at approximately $28,000. Legacy Investment Solutions LLC purchased a new stake in TJX Companies in the 2nd quarter worth approximately $32,000. True Wealth Design LLC grew its stake in shares of TJX Companies by 121.1% during 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 increased its holdings in shares of TJX Companies by 4,485.7% during 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 in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.
TJX Companies Stock Up 0.8%
Shares of NYSE TJX opened at $147.38 on Thursday. The firm has a market cap of $164.03 billion, a price-to-earnings ratio of 33.57, a price-to-earnings-growth ratio of 3.14 and a beta of 0.90. The company’s 50-day simple moving average is $142.09 and its 200-day simple moving average is $133.22. The company has a quick ratio of 0.52, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. The TJX Companies, Inc. has a 52-week low of $112.10 and a 52-week high of $148.11.
TJX Companies Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be paid a $0.425 dividend. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.2%. TJX Companies’s payout ratio is currently 38.72%.
Analysts Set New Price Targets
Several equities analysts recently issued reports on the stock. Erste Group Bank initiated coverage on shares of TJX Companies in a research note on Friday, September 5th. They issued a “buy” rating for the company. Wall Street Zen raised shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, August 23rd. Morgan Stanley increased their target price on shares of TJX Companies from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Bank of America raised their target price on TJX Companies from $145.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, August 21st. Finally, JPMorgan Chase & Co. upped their price target on TJX Companies from $148.00 to $149.00 and gave the stock an “overweight” rating in a report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $151.75.
Read Our Latest Stock Report on TJX
About TJX Companies
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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