Checchi Capital Advisers LLC Has $2 Million Stake in The TJX Companies, Inc. (NYSE:TJX)

Checchi Capital Advisers LLC boosted its position in The TJX Companies, Inc. (NYSE:TJX) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,530 shares of the apparel and home fashions retailer’s stock after purchasing an additional 101 shares during the period. Checchi Capital Advisers LLC’s holdings in TJX Companies were worth $1,997,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Bogart Wealth LLC bought a new position in shares of TJX Companies in the 4th quarter worth about $25,000. Trivant Custom Portfolio Group LLC acquired a new position in TJX Companies during the 4th quarter valued at about $26,000. Capital Performance Advisors LLP bought a new stake in TJX Companies during the third quarter worth $29,000. Truvestments Capital LLC purchased a new position in TJX Companies during the third quarter worth about $29,000. Finally, Legacy Investment Solutions LLC bought a new position in TJX Companies in the 3rd quarter valued at $30,000. Institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TJX. Wells Fargo & Company raised their target price on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. TD Cowen increased their target price on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Morgan Stanley raised their target price on shares of TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $145.00 target price on shares of TJX Companies in a research note on Wednesday, February 19th. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, TJX Companies presently has an average rating of “Moderate Buy” and a consensus target price of $134.18.

TJX Companies Stock Up 1.0 %

Shares of NYSE:TJX opened at $122.71 on Wednesday. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00. The firm has a fifty day moving average price of $122.80 and a 200 day moving average price of $119.80. 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 $137.94 billion, a P/E ratio of 28.87, a P/E/G ratio of 2.75 and a beta of 0.91.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a yield of 1.22%. TJX Companies’s payout ratio 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.