Acropolis Investment Management LLC boosted its holdings in shares of TJX Companies Inc (NYSE:TJX) by 1.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,093 shares of the apparel and home fashions retailer’s stock after purchasing an additional 335 shares during the period. Acropolis Investment Management LLC’s holdings in TJX Companies were worth $1,660,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the stock. United Bank lifted its stake in TJX Companies by 7.9% in the first quarter. United Bank now owns 12,204 shares of the apparel and home fashions retailer’s stock valued at $649,000 after buying an additional 897 shares in the last quarter. First Trust Advisors LP grew its position in shares of TJX Companies by 9.3% during the first quarter. First Trust Advisors LP now owns 1,558,955 shares of the apparel and home fashions retailer’s stock worth $82,952,000 after purchasing an additional 132,858 shares in the last quarter. Belpointe Asset Management LLC grew its position in shares of TJX Companies by 25.7% during the first quarter. Belpointe Asset Management LLC now owns 14,300 shares of the apparel and home fashions retailer’s stock worth $761,000 after purchasing an additional 2,925 shares in the last quarter. Meridian Wealth Management LLC purchased a new stake in shares of TJX Companies during the first quarter worth about $218,000. Finally, Marshall Wace North America L.P. boosted its stake in TJX Companies by 77.5% during the first quarter. Marshall Wace North America L.P. now owns 48,410 shares of the apparel and home fashions retailer’s stock valued at $2,576,000 after buying an additional 21,130 shares during the last quarter. 89.34% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:TJX traded up $0.48 during midday trading on Tuesday, hitting $58.60. 2,536,495 shares of the company’s stock traded hands, compared to its average volume of 5,135,250. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.48 and a current ratio of 1.25. The company has a market cap of $70.81 billion, a PE ratio of 27.77, a P/E/G ratio of 2.11 and a beta of 0.68. The firm’s fifty day moving average price is $55.66 and its two-hundred day moving average price is $54.00. TJX Companies Inc has a twelve month low of $41.49 and a twelve month high of $59.15.
The business also recently declared a — dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be paid a $0.23 dividend. This represents a yield of 1.7%. The ex-dividend date of this dividend is Wednesday, November 13th. TJX Companies’s payout ratio is currently 43.60%.
A number of equities research analysts recently issued reports on the company. DA Davidson set a $65.00 price target on TJX Companies and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Cowen set a $62.00 price objective on TJX Companies and gave the stock a “buy” rating in a report on Tuesday, August 20th. UBS Group upgraded TJX Companies from a “sell” rating to a “neutral” rating and lifted their price target for the company from $41.00 to $58.00 in a report on Tuesday, September 17th. Loop Capital upgraded TJX Companies from a “hold” rating to a “buy” rating and lifted their price target for the company from $50.00 to $60.00 in a report on Friday, August 16th. Finally, Nomura lifted their price target on TJX Companies from $57.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, June 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $59.39.
TJX Companies Profile
The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; jewelry and accessories; footwear; and other merchandise.
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