The TJX Companies, Inc. (NYSE:TJX) Holdings Lifted by Ballentine Partners LLC

Ballentine Partners LLC grew its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 30,210 shares of the apparel and home fashions retailer’s stock after purchasing an additional 914 shares during the quarter. Ballentine Partners LLC’s holdings in TJX Companies were worth $3,650,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in TJX. Trivant Custom Portfolio Group LLC bought a new stake in TJX Companies during the 4th quarter valued at $26,000. Capital Performance Advisors LLP acquired a new position in shares of TJX Companies during the third quarter valued at $29,000. Legacy Investment Solutions LLC bought a new stake in shares of TJX Companies during the third quarter valued at about $30,000. Truvestments Capital LLC acquired a new stake in TJX Companies in the third quarter worth about $29,000. Finally, Copeland Capital Management LLC bought a new position in TJX Companies in the 3rd quarter valued at about $30,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TJX. Robert W. Baird upped their price target on shares of TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Wells Fargo & Company increased their price target on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. Guggenheim upped their price objective on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft raised their target price on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $134.00 price target on shares of TJX Companies in a research report on Friday, December 6th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $131.33.

TJX Companies Stock Up 0.4 %

Shares of TJX stock opened at $121.89 on Tuesday. The company has a market capitalization of $137.03 billion, a price-to-earnings ratio of 28.68, a PEG ratio of 2.98 and a beta of 0.91. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The stock’s 50 day simple moving average is $122.56 and its 200 day simple moving average is $117.56. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.05. The business had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. TJX Companies’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.03 EPS. As a group, research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be paid a $0.375 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.23%. TJX Companies’s payout ratio is presently 35.29%.

About TJX Companies

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.