Wrapmanager Inc. Decreases Stake in The TJX Companies, Inc. (NYSE:TJX)

Wrapmanager Inc. trimmed its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 5.0% during the fourth quarter, Holdings Channel reports. The fund owned 3,853 shares of the apparel and home fashions retailer’s stock after selling 203 shares during the quarter. Wrapmanager Inc.’s holdings in TJX Companies were worth $465,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of TJX. Howard Capital Management Group LLC grew its position in shares of TJX Companies by 42.9% during the third 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 in the last quarter. NorthCrest Asset Manangement LLC boosted its stake in TJX Companies by 12.1% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 3,655 shares of the apparel and home fashions retailer’s stock valued at $430,000 after acquiring an additional 394 shares during the last quarter. Modera Wealth Management LLC grew its holdings in TJX Companies by 4.3% during the 3rd quarter. Modera Wealth Management LLC now owns 9,907 shares of the apparel and home fashions retailer’s stock worth $1,165,000 after acquiring an additional 405 shares in the last quarter. Frank Rimerman Advisors LLC increased its position in shares of TJX Companies by 20.2% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 11,695 shares of the apparel and home fashions retailer’s stock worth $1,375,000 after purchasing an additional 1,969 shares during the last quarter. Finally, J.W. Cole Advisors Inc. raised its stake in shares of TJX Companies by 51.5% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 17,987 shares of the apparel and home fashions retailer’s stock valued at $2,114,000 after purchasing an additional 6,116 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Morgan Stanley lifted their price target on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Guggenheim boosted 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. TD Cowen raised their price objective on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Evercore ISI lifted their price objective on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Finally, Wells Fargo & Company increased their target price on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. Two analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $134.18.

TJX Companies Stock Up 0.2 %

TJX opened at $121.35 on Tuesday. The stock’s 50 day moving average price is $122.81 and its 200 day moving average price is $119.72. 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 stock has a market cap of $136.42 billion, a P/E ratio of 28.55, a P/E/G ratio of 2.75 and a beta of 0.91. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be issued 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 dividend payout ratio (DPR) 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.