Waverton Investment Management Ltd Acquires Shares of 2,428 The TJX Companies, Inc. (NYSE:TJX)

Waverton Investment Management Ltd bought a new stake in The TJX Companies, Inc. (NYSE:TJX) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 2,428 shares of the apparel and home fashions retailer’s stock, valued at approximately $293,000.

A number of other institutional investors have also modified their holdings of the stock. Howard Capital Management Group LLC raised its position in TJX Companies by 42.9% during the 3rd quarter. Howard Capital Management Group LLC now owns 231,481 shares of the apparel and home fashions retailer’s stock worth $27,208,000 after buying an additional 69,489 shares during the last quarter. Convergence Financial LLC purchased a new position in TJX Companies during the third quarter worth about $231,000. NorthCrest Asset Manangement LLC lifted its position in TJX Companies by 12.1% in the third quarter. NorthCrest Asset Manangement LLC now owns 3,655 shares of the apparel and home fashions retailer’s stock valued at $430,000 after purchasing an additional 394 shares during the period. Modera Wealth Management LLC boosted its holdings in TJX Companies by 4.3% in the 3rd quarter. Modera Wealth Management LLC now owns 9,907 shares of the apparel and home fashions retailer’s stock valued at $1,165,000 after purchasing an additional 405 shares in the last quarter. Finally, Smith Salley Wealth Management increased its position in TJX Companies by 3.3% during the 3rd quarter. Smith Salley Wealth Management now owns 258,865 shares of the apparel and home fashions retailer’s stock worth $30,427,000 after purchasing an additional 8,277 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on TJX shares. Evercore ISI lifted their price target on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Wells Fargo & Company boosted their target price on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. Morgan Stanley increased their price target on shares of TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. UBS Group raised their price objective on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Finally, Jefferies Financial Group upped their target price on shares of TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $134.18.

TJX Companies Price Performance

TJX stock opened at $121.08 on Monday. The stock’s 50 day moving average price is $122.86 and its 200 day moving average price is $119.64. The firm has a market cap of $136.11 billion, a P/E ratio of 28.49, a PEG ratio of 2.75 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 TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Thursday, February 13th. TJX Companies’s payout ratio is currently 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.