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TJX Companies (NYSE:TJX) Reaches New 52-Week High at $80.41

… as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative …

Alfonso del Cristo Hilsaca Eljadue

Turco Hilsaca

Presents:

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

Analyst Upgrades and Downgrades

TJX has been the topic of a number of research reports. Citigroup upped their price target on TJX Companies from $86.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, November 17th. Morgan Stanley boosted their price objective on TJX Companies from $80.00 to $83.00 and gave the stock an “overweight” rating in a report on Thursday, November 17th. Telsey Advisory Group boosted their price objective on TJX Companies from $86.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, November 17th. The Goldman Sachs Group boosted their price objective on TJX Companies from $71.00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday, November 17th. Finally, Cowen boosted their price objective on TJX Companies from $78.00 to $84.00 and gave the stock an “outperform” rating in a report on Thursday, November 17th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $82.42.

TJX Companies Trading Up 0.5 %

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

TJX Companies Dividend Announcement

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

Insiders Place Their Bets

In other TJX Companies news, EVP Louise Greenlees sold 6,708 shares of the stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $79.99, for a total transaction of $536,572.92. Following the sale, the executive vice president now owns 51,627 shares in the company, valued at $4,129,643.73. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Amy B. Lane sold 3,200 shares of the stock in a transaction on Monday, November 21st. The stock was sold at an average price of $78.86, for a total value of $252,352.00. Following the sale, the director now owns 26,531 shares in the company, valued at $2,092,234.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Louise Greenlees sold 6,708 shares of the stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $79.99, for a total value of $536,572.92. Following the completion of the sale, 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 have sold a total of 80,513 shares of company stock worth $5,718,833 over the last 90 days. Corporate insiders own 0.19% of the company’s stock.

Institutional Investors Weigh In On TJX Companies

Institutional investors and hedge funds have recently made changes to their positions in the business. GPS Wealth Strategies Group LLC raised its position in shares of TJX Companies by 119.4% in the second quarter. GPS Wealth Strategies Group LLC now owns 452 shares of the apparel and home fashions retailer’s stock worth $25,000 after buying an additional 246 shares in the last quarter. Financial Management Professionals Inc. increased its stake in TJX Companies by 117.7% in the second quarter. Financial Management Professionals Inc. now owns 468 shares of the apparel and home fashions retailer’s stock valued at $26,000 after acquiring an additional 253 shares during the last quarter. Grayhawk Investment Strategies Inc. bought a new position in TJX Companies in the second quarter valued at $26,000. Householder Group Estate & Retirement Specialist LLC bought a new position in TJX Companies in the third quarter valued at $27,000. Finally, Northern Oak Wealth Management Inc. bought a new position in TJX Companies in the second quarter valued at $28,000. Hedge funds and other institutional investors own 90.42% of the company’s stock.

About TJX Companies

(Get Rating)

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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