Maple Capital Management Inc. boosted its holdings in The TJX Companies, Inc. (NYSE:TJX – Free Report) by 1.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 225,491 shares of the apparel and home fashions retailer’s stock after purchasing an additional 4,297 shares during the quarter. TJX Companies accounts for about 1.9% of Maple Capital Management Inc.’s portfolio, making the stock its 18th largest holding. Maple Capital Management Inc.’s holdings in TJX Companies were worth $27,846,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in TJX. Nuveen LLC acquired a new stake in TJX Companies during the first quarter worth approximately $1,330,717,000. Mirova US LLC raised its holdings 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 acquiring an additional 1,678,665 shares in the last quarter. Amundi lifted its position in shares of TJX Companies by 10.2% during the 1st quarter. Amundi now owns 11,888,455 shares of the apparel and home fashions retailer’s stock valued at $1,489,305,000 after acquiring an additional 1,104,292 shares during the period. Vanguard Group Inc. grew its holdings in shares of TJX Companies by 1.1% during 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 purchasing 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% in 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 purchasing an additional 1,025,329 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.
TJX Companies Price Performance
Shares of NYSE:TJX opened at $146.04 on Wednesday. The TJX Companies, Inc. has a one year low of $112.10 and a one year high of $147.59. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 0.52. The company has a market cap of $162.53 billion, a price-to-earnings ratio of 33.27, a PEG ratio of 3.14 and a beta of 0.90. The firm has a 50 day simple moving average of $141.93 and a 200 day simple moving average of $133.12.
TJX Companies Dividend Announcement
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 dividend of $0.425 per share. 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 dividend payout ratio (DPR) is presently 38.72%.
Analyst Ratings Changes
A number of research analysts recently commented on the company. UBS Group reaffirmed a “buy” rating and issued a $172.00 price target on shares of TJX Companies in a research note on Tuesday, November 4th. BTIG Research began coverage on shares of TJX Companies in a research report on Tuesday, October 14th. They issued a “buy” rating and a $165.00 target price for the company. Erste Group Bank assumed coverage on shares of TJX Companies in a report on Friday, September 5th. They set a “buy” rating for the company. Robert W. Baird lifted their price objective on shares of TJX Companies from $143.00 to $152.00 and gave the company an “outperform” rating in a research note on Thursday, August 21st. Finally, Citigroup upped their target price on TJX Companies from $140.00 to $160.00 and gave the stock a “buy” rating in a research note 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 issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $151.75.
Check Out Our Latest Report on TJX Companies
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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