Checchi Capital Advisers LLC Boosts Position in The TJX Companies, Inc. (NYSE:TJX)

Checchi Capital Advisers LLC increased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,530 shares of the apparel and home fashions retailer’s stock after buying an additional 101 shares during the quarter. Checchi Capital Advisers LLC’s holdings in TJX Companies were worth $1,997,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Howard Capital Management Group LLC increased its stake in TJX Companies by 42.9% in the 3rd quarter. Howard Capital Management Group LLC now owns 231,481 shares of the apparel and home fashions retailer’s stock valued at $27,208,000 after purchasing an additional 69,489 shares in the last quarter. Modera Wealth Management LLC lifted its position in TJX Companies by 4.3% during the third quarter. Modera Wealth Management LLC now owns 9,907 shares of the apparel and home fashions retailer’s stock worth $1,165,000 after buying an additional 405 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in TJX Companies by 12.3% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 4,395 shares of the apparel and home fashions retailer’s stock worth $517,000 after purchasing an additional 480 shares during the last quarter. Patriot Financial Group Insurance Agency LLC grew its position in TJX Companies by 1.6% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 6,526 shares of the apparel and home fashions retailer’s stock valued at $767,000 after acquiring an additional 102 shares during the period. Finally, Orrstown Financial Services Inc. boosted its position in TJX Companies by 7.7% during the 3rd quarter. Orrstown Financial Services Inc. now owns 11,726 shares of the apparel and home fashions retailer’s stock worth $1,378,000 after purchasing an additional 838 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

TJX has been the topic of several research reports. Jefferies Financial Group raised their price objective on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Morgan Stanley boosted their price target on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft upped their target price on shares of TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Guggenheim increased their price target on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, Wells Fargo & Company lifted their price target on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. Two research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $134.18.

TJX Companies Trading Up 1.0 %

TJX opened at $122.71 on Wednesday. The stock has a market capitalization of $137.94 billion, a P/E ratio of 28.87, a P/E/G ratio of 2.75 and a beta of 0.91. The firm’s fifty day simple moving average is $122.80 and its 200 day simple moving average is $119.80. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be issued a dividend of $0.375 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a yield of 1.22%. TJX Companies’s payout ratio is 35.29%.

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, and gourmet food departments; jewelry and accessories; and other merchandise.