Lincoln National Corp grew its holdings in The TJX Companies, Inc. (NYSE:TJX – Free Report) by 7.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 11,063 shares of the apparel and home fashions retailer’s stock after buying an additional 731 shares during the quarter. Lincoln National Corp’s holdings in TJX Companies were worth $867,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the business. Householder Group Estate & Retirement Specialist LLC purchased a new position in shares of TJX Companies in the 1st quarter valued at approximately $25,000. ICA Group Wealth Management LLC purchased a new position in shares of TJX Companies in the 4th quarter valued at approximately $27,000. Freedom Wealth Alliance LLC purchased a new position in shares of TJX Companies in the 4th quarter valued at approximately $28,000. Lakewood Asset Management LLC purchased a new position in shares of TJX Companies in the 4th quarter valued at approximately $28,000. Finally, Ameliora Wealth Management Ltd. purchased a new position in shares of TJX Companies in the 4th quarter valued at approximately $30,000. Hedge funds and other institutional investors own 92.26% of the company’s stock.
TJX Companies Trading Up 0.2 %
TJX opened at $85.58 on Monday. The stock has a market cap of $98.35 billion, a price-to-earnings ratio of 26.33, a P/E/G ratio of 2.29 and a beta of 0.92. The stock’s 50 day moving average price is $81.08 and its 200-day moving average price is $79.42. The TJX Companies, Inc. has a one year low of $59.78 and a one year high of $86.43. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.58 and a current ratio of 1.20.
TJX Companies Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Thursday, August 10th will be issued a dividend of $0.3325 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $1.33 dividend on an annualized basis and a yield of 1.55%. TJX Companies’s dividend payout ratio is currently 40.92%.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on TJX shares. Morgan Stanley lifted their price objective on TJX Companies from $90.00 to $93.00 in a research note on Thursday, May 18th. Piper Sandler started coverage on TJX Companies in a research note on Thursday, June 29th. They set an “overweight” rating and a $110.00 price objective for the company. StockNews.com initiated coverage on TJX Companies in a research note on Thursday, May 18th. They set a “buy” rating for the company. Deutsche Bank Aktiengesellschaft lifted their target price on TJX Companies from $85.00 to $86.00 in a report on Thursday, May 18th. Finally, Barclays lifted their target price on TJX Companies from $93.00 to $95.00 and gave the stock an “overweight” rating in a report on Thursday, May 18th. Two research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, TJX Companies presently has a consensus rating of “Moderate Buy” and an average price target of $89.75.
Insiders Place Their Bets
In other TJX Companies news, EVP Scott Goldenberg sold 26,271 shares of the company’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $78.91, for a total transaction of $2,073,044.61. Following the completion of the sale, the executive vice president now owns 72,580 shares in the company, valued at $5,727,287.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.13% of the stock is owned by company insiders.
TJX Companies Company Profile
The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. 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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