Crestwood Advisors Group LLC increased its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 675,199 shares of the apparel and home fashions retailer’s stock after acquiring an additional 9,505 shares during the quarter. The TJX Companies comprises about 1.5% of Crestwood Advisors Group LLC’s portfolio, making the stock its 15th largest holding. Crestwood Advisors Group LLC’s holdings in The TJX Companies were worth $46,109,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Beech Hill Advisors Inc. purchased a new stake in The TJX Companies in the 4th quarter worth $2,232,000. Sei Investments Co. boosted its stake in The TJX Companies by 9.7% during the fourth quarter. Sei Investments Co. now owns 2,128,595 shares of the apparel and home fashions retailer’s stock valued at $145,401,000 after buying an additional 188,388 shares during the last quarter. Chiron Investment Management LLC bought a new position in The TJX Companies during the third quarter valued at approximately $9,248,000. TIAA FSB grew its holdings in The TJX Companies by 1.9% during the 4th quarter. TIAA FSB now owns 184,138 shares of the apparel and home fashions retailer’s stock valued at $12,574,000 after buying an additional 3,366 shares in the last quarter. Finally, Dearborn Partners LLC bought a new stake in The TJX Companies in the 4th quarter worth approximately $228,000. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Shares of The TJX Companies stock traded up $0.88 on Tuesday, hitting $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 company has a market cap of $84.56 billion, a PE ratio of 115.92, a PEG ratio of 14.77 and a beta of 0.93. The stock’s 50 day moving average price is $67.59 and its 200-day moving average price is $60.96. The TJX Companies, Inc. has a 52 week low of $32.72 and a 52 week high of $70.96.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 4th. Shareholders of record on Thursday, February 11th will be given a dividend of $0.26 per share. The ex-dividend date is Wednesday, February 10th. 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 TJX Companies’s payout ratio is 38.95%.

A number of research analysts have recently commented on TJX shares. Morgan Stanley increased their target price on The TJX Companies from $70.00 to $76.00 and gave the company an “overweight” rating in a research report on Wednesday, January 20th. Deutsche Bank Aktiengesellschaft upped their price target on shares of The TJX Companies from $70.00 to $73.00 and gave the company a “buy” rating in a research note on Thursday, January 21st. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell cut shares of The TJX Companies from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $73.00 to $69.00 in a research note on Friday, December 11th. MKM Partners upped their target price on shares of The TJX Companies from $64.00 to $71.00 in a research report on Thursday, November 19th. Finally, Zacks Investment Research raised shares of The TJX Companies from a “sell” rating to a “hold” rating and set a $64.00 price target for the company in a report on Thursday, November 12th. Four equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $68.31.

About The TJX Companies

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: Special Purpose Acquisition Company (SPAC)

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

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