36,037 Shares in TJX Companies Inc (TJX) Acquired by Twin Tree Management LP
Twin Tree Management LP bought a new stake in TJX Companies Inc (NYSE:TJX) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 36,037 shares of the apparel and home fashions retailer’s stock, valued at approximately $4,037,000.
Other large investors have also bought and sold shares of the company. Cornerstone Advisors Inc. increased its holdings in TJX Companies by 280.2% in the second quarter. Cornerstone Advisors Inc. now owns 1,114 shares of the apparel and home fashions retailer’s stock valued at $106,000 after buying an additional 821 shares during the last quarter. Icon Wealth Partners LLC purchased a new position in TJX Companies in the second quarter valued at $106,000. Atlas Capital Advisors LLC acquired a new position in TJX Companies in the third quarter valued at $107,000. North Star Investment Management Corp. acquired a new position in TJX Companies in the second quarter valued at $114,000. Finally, City Holding Co. acquired a new position in TJX Companies in the second quarter valued at $114,000. 45.09% of the stock is currently owned by hedge funds and other institutional investors.
Shares of TJX opened at $48.96 on Tuesday. TJX Companies Inc has a fifty-two week low of $35.05 and a fifty-two week high of $56.64. The stock has a market cap of $63.72 billion, a PE ratio of 24.24, a price-to-earnings-growth ratio of 1.91 and a beta of 0.65. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.64 and a quick ratio of 0.77.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 6th. Stockholders of record on Thursday, November 15th will be paid a dividend of $0.39 per share. The ex-dividend date is Wednesday, November 14th. This represents a $1.56 annualized dividend and a dividend yield of 3.19%. TJX Companies’s dividend payout ratio (DPR) is 38.61%.
Several research firms have issued reports on TJX. Guggenheim restated a “buy” rating on shares of TJX Companies in a research note on Tuesday, August 21st. Zacks Investment Research downgraded shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, October 23rd. ValuEngine downgraded shares of TJX Companies from a “sell” rating to a “strong sell” rating in a research note on Wednesday, November 7th. Barclays set a $59.00 price objective on shares of TJX Companies and gave the company a “hold” rating in a research note on Thursday, November 8th. Finally, DA Davidson began coverage on shares of TJX Companies in a research note on Tuesday, September 25th. They issued a “buy” rating and a $65.00 price objective for the company. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eighteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $54.34.
TJX Companies Company 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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