Nelson Capital Management LLC Cuts Position in The TJX Companies, Inc. (NYSE:TJX)

Nelson Capital Management LLC trimmed its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 44,768 shares of the apparel and home fashions retailer’s stock after selling 545 shares during the quarter. TJX Companies makes up 0.9% of Nelson Capital Management LLC’s investment portfolio, making the stock its 24th largest position. Nelson Capital Management LLC’s holdings in TJX Companies were worth $5,408,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Howard Capital Management Group LLC grew its holdings in shares of 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 purchasing an additional 69,489 shares during the period. Modera Wealth Management LLC boosted its position in shares of 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. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings in shares of TJX Companies by 12.3% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 4,395 shares of the apparel and home fashions retailer’s stock valued at $517,000 after buying an additional 480 shares in the last quarter. Patriot Financial Group Insurance Agency LLC raised its stake in shares of TJX Companies by 1.6% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 6,526 shares of the apparel and home fashions retailer’s stock worth $767,000 after purchasing an additional 102 shares during the last quarter. Finally, Orrstown Financial Services Inc. raised its position in TJX Companies by 7.7% in the third quarter. Orrstown Financial Services Inc. now owns 11,726 shares of the apparel and home fashions retailer’s stock worth $1,378,000 after acquiring an additional 838 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Trading Up 1.0 %

Shares of NYSE:TJX opened at $122.71 on Wednesday. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $137.94 billion, a P/E ratio of 28.87, a price-to-earnings-growth ratio of 2.75 and a beta of 0.91. The firm has a fifty day moving average of $122.80 and a two-hundred day moving average of $119.80.

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 $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date is Thursday, February 13th. TJX Companies’s payout ratio is 35.29%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on TJX shares. UBS Group raised their price target on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Telsey Advisory Group reissued an “outperform” rating and issued a $145.00 price target on shares of TJX Companies in a report on Wednesday, February 19th. Morgan Stanley increased 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. Jefferies Financial Group upped their price objective on TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, Wells Fargo & Company lifted their price target on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $134.18.

TJX Companies 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.