Kingswood Wealth Advisors LLC Lowers Holdings in The TJX Companies, Inc. (NYSE:TJX)

Kingswood Wealth Advisors LLC reduced its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 42.4% during the 4th quarter, HoldingsChannel reports. The fund owned 5,723 shares of the apparel and home fashions retailer’s stock after selling 4,205 shares during the period. Kingswood Wealth Advisors LLC’s holdings in TJX Companies were worth $691,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Trivant Custom Portfolio Group LLC acquired a new position in shares of TJX Companies in the 4th quarter valued at $26,000. Capital Performance Advisors LLP acquired a new position in TJX Companies in the third quarter valued at $29,000. Legacy Investment Solutions LLC acquired a new stake in TJX Companies during the third quarter worth about $30,000. Truvestments Capital LLC purchased a new position in shares of TJX Companies in the 3rd quarter worth about $29,000. Finally, Copeland Capital Management LLC acquired a new position in shares of TJX Companies in the 3rd quarter valued at about $30,000. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Trading Down 0.2 %

NYSE:TJX opened at $124.11 on Thursday. The company has a market cap of $139.52 billion, a PE ratio of 29.20, a P/E/G ratio of 3.00 and a beta of 0.91. The business’s 50 day moving average is $123.04 and its two-hundred day moving average is $118.08. 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 TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $128.00.

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

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio is presently 35.29%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Jefferies Financial Group raised their price target on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Robert W. Baird lifted their target price on shares of TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft raised their price objective on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Evercore ISI upped their target price on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Finally, Morgan Stanley raised their target price on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, TJX Companies currently has a consensus rating of “Moderate Buy” and a consensus target price 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.