Mayflower Financial Advisors LLC lifted its holdings in The TJX Companies, Inc. (NYSE:TJX – Free Report) by 2.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,925 shares of the apparel and home fashions retailer’s stock after buying an additional 386 shares during the quarter. Mayflower Financial Advisors LLC’s holdings in TJX Companies were worth $1,843,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of TJX. Nuveen LLC bought a new position in shares of TJX Companies in the first quarter worth about $1,330,717,000. Mirova US LLC boosted its position in TJX Companies by 164.5% in the 2nd quarter. Mirova US LLC now owns 2,699,156 shares of the apparel and home fashions retailer’s stock valued at $333,319,000 after buying an additional 1,678,665 shares during the period. Amundi grew its stake in TJX Companies by 10.2% in 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 in the last quarter. Vanguard Group Inc. grew its stake in TJX Companies by 1.1% in 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 acquiring an additional 1,099,129 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of TJX Companies by 17.7% during the first quarter. Goldman Sachs Group Inc. now owns 6,807,714 shares of the apparel and home fashions retailer’s stock worth $829,180,000 after acquiring an additional 1,025,329 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.
TJX Companies Trading Up 0.4%
TJX opened at $143.91 on Wednesday. The firm has a market cap of $160.17 billion, a price-to-earnings ratio of 32.78, a PEG ratio of 3.18 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. The TJX Companies, Inc. has a 12 month low of $111.73 and a 12 month high of $146.46. The stock has a fifty day moving average price of $140.70 and a 200-day moving average price of $131.95.
TJX Companies Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be given 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 presently 38.72%.
Analyst Upgrades and Downgrades
TJX has been the subject of a number of research reports. UBS Group boosted their price target on TJX Companies from $164.00 to $172.00 and gave the company a “buy” rating in a report on Thursday, August 21st. Wall Street Zen raised TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, August 23rd. BTIG Research began coverage on TJX Companies in a report on Tuesday, October 14th. They issued a “buy” rating and a $165.00 target price for the company. Weiss Ratings reissued a “buy (b+)” rating on shares of TJX Companies in a research report on Wednesday, October 8th. Finally, Bank of America lifted their price objective on TJX Companies from $145.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $149.00.
Get Our Latest Analysis 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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