TJX Companies (NYSE:TJX) Sets New 1-Year High at $80.41

Shares of The TJX Companies, Inc. (NYSE:TJXGet Rating) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $80.41 and last traded at $79.87, with a volume of 34455 shares changing hands. The stock had previously closed at $79.00.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TJX. Gordon Haskett upgraded shares of TJX Companies from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a report on Thursday, November 10th. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Monday. Citigroup lifted their target price on shares of TJX Companies from $86.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, November 17th. TheStreet upgraded shares of TJX Companies from a “c+” rating to a “b” rating in a report on Thursday, August 18th. Finally, Loop Capital lifted their target price on shares of TJX Companies from $60.00 to $65.00 in a report on Friday, August 19th. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, TJX Companies currently has an average rating of “Moderate Buy” and a consensus price target of $82.42.

TJX Companies Stock Performance

The business’s 50-day simple moving average is $68.17 and its 200 day simple moving average is $63.68. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.41 and a current ratio of 1.16. The firm has a market cap of $93.51 billion, a P/E ratio of 28.08, a P/E/G ratio of 2.41 and a beta of 0.90.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, November 10th will be given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend is Wednesday, November 9th. TJX Companies’s payout ratio is 41.11%.

Insider Activity

In other news, Director Amy B. Lane sold 3,200 shares of the business’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $78.86, for a total transaction of $252,352.00. Following the completion of the sale, the director now owns 26,531 shares of the company’s stock, valued at approximately $2,092,234.66. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director Amy B. Lane sold 3,200 shares of the business’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $78.86, for a total transaction of $252,352.00. Following the completion of the sale, the director now owns 26,531 shares of the company’s stock, valued at approximately $2,092,234.66. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Louise Greenlees sold 6,708 shares of TJX Companies stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $79.99, for a total transaction of $536,572.92. Following the transaction, the executive vice president now owns 51,627 shares in the company, valued at approximately $4,129,643.73. The disclosure for this sale can be found here. Insiders sold a total of 80,513 shares of company stock valued at $5,718,833 in the last 90 days. Company insiders own 0.19% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Empirical Finance LLC lifted its stake in TJX Companies by 5.8% in the 2nd quarter. Empirical Finance LLC now owns 24,471 shares of the apparel and home fashions retailer’s stock worth $1,367,000 after purchasing an additional 1,331 shares in the last quarter. Kestra Private Wealth Services LLC lifted its stake in TJX Companies by 5.4% in the 1st quarter. Kestra Private Wealth Services LLC now owns 20,234 shares of the apparel and home fashions retailer’s stock worth $1,226,000 after purchasing an additional 1,036 shares in the last quarter. Charter Oak Capital Management LLC purchased a new stake in TJX Companies in the 2nd quarter worth $51,000. Hennion & Walsh Asset Management Inc. lifted its stake in TJX Companies by 26.6% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 51,972 shares of the apparel and home fashions retailer’s stock worth $2,903,000 after purchasing an additional 10,917 shares in the last quarter. Finally, HB Wealth Management LLC lifted its stake in TJX Companies by 57.9% in the 2nd quarter. HB Wealth Management LLC now owns 15,942 shares of the apparel and home fashions retailer’s stock worth $890,000 after purchasing an additional 5,843 shares in the last quarter. Hedge funds and other institutional investors own 90.42% of the company’s stock.

About TJX Companies

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The TJX Companies, Inc, together with its subsidiaries, 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; and other merchandise.

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