Achmea Investment Management B.V. decreased its holdings in TJX Companies Inc (NYSE:TJX) by 10.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 111,191 shares of the apparel and home fashions retailer’s stock after selling 13,505 shares during the quarter. Achmea Investment Management B.V.’s holdings in TJX Companies were worth $12,450,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in TJX. Vontobel Asset Management Inc. purchased a new stake in TJX Companies in the 2nd quarter valued at $261,270,000. Bank of Montreal Can purchased a new stake in TJX Companies in the 2nd quarter valued at $146,241,000. Charles Schwab Investment Advisory Inc. purchased a new stake in TJX Companies in the 2nd quarter valued at $121,730,000. Scopus Asset Management L.P. raised its position in TJX Companies by 237.5% in the 2nd quarter. Scopus Asset Management L.P. now owns 550,000 shares of the apparel and home fashions retailer’s stock valued at $52,349,000 after purchasing an additional 950,000 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. purchased a new stake in TJX Companies in the 2nd quarter valued at $82,865,000. Hedge funds and other institutional investors own 90.12% of the company’s stock.
Shares of TJX opened at $55.64 on Friday. The company has a quick ratio of 0.77, a current ratio of 1.64 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $67.79 billion, a PE ratio of 27.54, a P/E/G ratio of 2.04 and a beta of 0.65. TJX Companies Inc has a 52-week low of $33.22 and a 52-week high of $56.64.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 6th. Stockholders of record on Thursday, November 15th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.80%. TJX Companies’s dividend payout ratio is presently 38.61%.
A number of brokerages have commented on TJX. Citigroup upped their price objective on shares of TJX Companies from $48.00 to $55.50 and gave the stock a “buy” rating in a research report on Tuesday, July 31st. Cowen restated a “buy” rating and set a $57.00 price objective on shares of TJX Companies in a research report on Tuesday, July 31st. Zacks Investment Research upgraded shares of TJX Companies from a “hold” rating to a “buy” rating and set a $53.50 price objective for the company in a research report on Wednesday, July 18th. Loop Capital restated a “hold” rating and set a $52.50 price objective on shares of TJX Companies in a research report on Tuesday, August 21st. Finally, Wells Fargo & Co upped their price objective on shares of TJX Companies from $41.50 to $56.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 22nd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seventeen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $54.08.
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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, accent furniture, lamps, rugs, wall décor, decorative accessories, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise.
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