D. E. Shaw & Co. Inc. boosted its position in shares of TJX Companies Inc (NYSE:TJX) by 18.7% in the second quarter, HoldingsChannel.com reports. The fund owned 5,802,004 shares of the apparel and home fashions retailer’s stock after acquiring an additional 912,205 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in TJX Companies were worth $306,810,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TJX. Krane Funds Advisors LLC purchased a new position in shares of TJX Companies during the 2nd quarter valued at about $25,000. Capital Advisors Ltd. LLC raised its stake in shares of TJX Companies by 202.6% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 587 shares of the apparel and home fashions retailer’s stock valued at $31,000 after buying an additional 393 shares during the last quarter. Manchester Financial Inc. purchased a new position in shares of TJX Companies during the 2nd quarter valued at about $37,000. Westside Investment Management Inc. purchased a new position in shares of TJX Companies during the 2nd quarter valued at about $37,000. Finally, Advisory Alpha LLC purchased a new position in shares of TJX Companies during the 1st quarter valued at about $41,000. Institutional investors and hedge funds own 89.16% of the company’s stock.
NYSE:TJX traded down $1.65 during trading hours on Friday, hitting $54.81. 8,725,592 shares of the stock were exchanged, compared to its average volume of 5,638,112. TJX Companies Inc has a 52-week low of $41.49 and a 52-week high of $57.31. The firm’s fifty day moving average price is $53.96 and its 200 day moving average price is $53.53. The company has a current ratio of 1.25, a quick ratio of 0.48 and a debt-to-equity ratio of 1.88. The company has a market cap of $68.03 billion, a P/E ratio of 25.98, a P/E/G ratio of 2.03 and a beta of 0.68.
The company also recently disclosed a — dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a yield of 1.7%. TJX Companies’s dividend payout ratio (DPR) is currently 43.60%.
A number of equities analysts have weighed in on the company. Argus reiterated a “buy” rating on shares of TJX Companies in a research note on Wednesday, July 3rd. Nomura lifted their price target on TJX Companies from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. MKM Partners set a $62.00 price target on TJX Companies and gave the company a “buy” rating in a research note on Wednesday, August 21st. 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 research note on Tuesday. Finally, Zacks Investment Research upgraded TJX Companies from a “sell” rating to a “hold” rating and set a $58.00 price target for the company in a research note on Monday, September 2nd. One 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 company has a consensus rating of “Buy” and an average target price of $59.28.
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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