Pacific Capital Wealth Advisors Inc. Trims Position in The TJX Companies, Inc. (NYSE:TJX)

Pacific Capital Wealth Advisors Inc. decreased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 20.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 620 shares of the apparel and home fashions retailer’s stock after selling 159 shares during the quarter. Pacific Capital Wealth Advisors Inc.’s holdings in TJX Companies were worth $75,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. First Trust Direct Indexing L.P. grew its holdings in TJX Companies by 12.4% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 47,104 shares of the apparel and home fashions retailer’s stock valued at $5,537,000 after buying an additional 5,207 shares during the period. Courier Capital LLC boosted its position in shares of TJX Companies by 55.1% in the fourth quarter. Courier Capital LLC now owns 34,487 shares of the apparel and home fashions retailer’s stock worth $4,166,000 after acquiring an additional 12,247 shares during the last quarter. Board of the Pension Protection Fund acquired a new stake in shares of TJX Companies in the fourth quarter worth approximately $713,000. Miracle Mile Advisors LLC grew its holdings in TJX Companies by 43.0% in the fourth quarter. Miracle Mile Advisors LLC now owns 21,102 shares of the apparel and home fashions retailer’s stock valued at $2,549,000 after purchasing an additional 6,344 shares during the period. Finally, Unigestion Holding SA acquired a new position in TJX Companies during the third quarter worth approximately $22,684,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Trading Up 1.8 %

Shares of TJX Companies stock opened at $124.89 on Tuesday. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00. The firm has a market cap of $140.39 billion, a price-to-earnings ratio of 29.38, a price-to-earnings-growth ratio of 3.00 and a beta of 0.91. The business has a fifty day simple moving average of $122.84 and a 200-day simple moving average of $117.94. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, beating the consensus estimate of $1.09 by $0.05. The business had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. TJX Companies’s revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.03 EPS. On average, equities analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio is 35.29%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Evercore ISI lifted their price target on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft lifted their target price on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Telsey Advisory Group restated an “outperform” rating and set a $134.00 price target on shares of TJX Companies in a research note on Friday, December 6th. TD Cowen lifted their price objective on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Finally, 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 research report on Tuesday, January 21st. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $131.67.

About TJX Companies

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.