Ballentine Partners LLC Boosts Holdings in The TJX Companies, Inc. (NYSE:TJX)

Ballentine Partners LLC increased its stake in The TJX Companies, Inc. (NYSE:TJX) by 3.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 30,210 shares of the apparel and home fashions retailer’s stock after acquiring an additional 914 shares during the period. Ballentine Partners LLC’s holdings in TJX Companies were worth $3,650,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Wells Fargo & Company increased their target price 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 boosted their price target on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $134.00 price objective on shares of TJX Companies in a research report on Friday, December 6th. Finally, Jefferies Financial Group upped their target price on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, TJX Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.33.

TJX Companies Stock Performance

TJX Companies stock opened at $121.89 on Tuesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00. The company has a fifty day moving average price of $122.56 and a two-hundred day moving average price of $117.56. The company has a market cap of $137.03 billion, a PE ratio of 28.68, a P/E/G ratio of 2.98 and a beta of 0.91.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, beating the consensus estimate of $1.09 by $0.05. The business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.03 EPS. Research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) is 35.29%.

TJX Companies 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.