Crestwood Advisors Group LLC Acquires 9,505 Shares of The TJX Companies, Inc. (NYSE:TJX)


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Crestwood Advisors Group LLC grew its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 675,199 shares of the apparel and home fashions retailer’s stock after acquiring an additional 9,505 shares during the period. The TJX Companies accounts for approximately 1.5% of Crestwood Advisors Group LLC’s portfolio, making the stock its 15th largest holding. Crestwood Advisors Group LLC owned 0.06% of The TJX Companies worth $46,109,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. OLD Second National Bank of Aurora bought a new stake in The TJX Companies during the 3rd quarter worth approximately $28,000. JJJ Advisors Inc. grew its position in shares of The TJX Companies by 4,522.2% during the 4th quarter. JJJ Advisors Inc. now owns 416 shares of the apparel and home fashions retailer’s stock valued at $28,000 after purchasing an additional 407 shares in the last quarter. JNBA Financial Advisors increased its holdings in shares of The TJX Companies by 430.0% in the fourth quarter. JNBA Financial Advisors now owns 424 shares of the apparel and home fashions retailer’s stock worth $29,000 after purchasing an additional 344 shares during the period. WD Rutherford LLC bought a new position in shares of The TJX Companies in the fourth quarter worth $36,000. Finally, RWM Asset Management LLC purchased a new stake in shares of The TJX Companies in the fourth quarter worth $46,000. 88.81% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have weighed in on the company. Bank of America restated a “buy” rating and issued a $70.00 target price on shares of The TJX Companies in a research note on Tuesday, November 10th. Morgan Stanley upped their price objective on shares of The TJX Companies from $70.00 to $76.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 20th. TheStreet upgraded shares of The TJX Companies from a “c” rating to a “b” rating in a research report on Wednesday, November 18th. Royal Bank of Canada reissued a “buy” rating on shares of The TJX Companies in a research note on Tuesday, January 19th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of The TJX Companies from $70.00 to $73.00 and gave the stock a “buy” rating in a report on Thursday, January 21st. Four investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $68.31.

Shares of NYSE:TJX traded up $0.88 during trading on Tuesday, reaching $70.43. 240,634 shares of the company traded hands, compared to its average volume of 6,129,570. The company has a current ratio of 1.41, a quick ratio of 0.99 and a debt-to-equity ratio of 0.98. The TJX Companies, Inc. has a 52-week low of $32.72 and a 52-week high of $70.96. The firm has a market capitalization of $84.56 billion, a price-to-earnings ratio of 115.92, a P/E/G ratio of 14.77 and a beta of 0.93. The business’s fifty day moving average is $67.59 and its 200-day moving average is $60.96.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 4th. Investors of record on Thursday, February 11th will be issued a dividend of $0.26 per share. This is a positive change from The TJX Companies’s previous quarterly dividend of $0.23. This represents a $1.04 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend is Wednesday, February 10th. The TJX Companies’s dividend payout ratio is currently 38.95%.

The TJX Companies Profile

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; fine jewelry and accessories; and other merchandise.

Further Reading: Quantitative Easing

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Institutional Ownership by Quarter for The TJX Companies (NYSE:TJX)

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