Arkadios Wealth Advisors Has $3.10 Million Position in The TJX Companies, Inc. (NYSE:TJX)

Arkadios Wealth Advisors lessened its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,671 shares of the apparel and home fashions retailer’s stock after selling 1,019 shares during the period. Arkadios Wealth Advisors’ holdings in TJX Companies were worth $3,101,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of TJX. Seven Eight Capital LP acquired a new position in shares of TJX Companies in the second quarter valued at approximately $306,000. XTX Topco Ltd lifted its position in TJX Companies by 155.9% in the 2nd quarter. XTX Topco Ltd now owns 12,061 shares of the apparel and home fashions retailer’s stock valued at $1,328,000 after acquiring an additional 7,347 shares in the last quarter. Inspire Investing LLC acquired a new position in TJX Companies in the 2nd quarter worth $1,070,000. Brighton Jones LLC increased its holdings in TJX Companies by 3.2% during the 2nd quarter. Brighton Jones LLC now owns 13,694 shares of the apparel and home fashions retailer’s stock worth $1,508,000 after purchasing an additional 420 shares in the last quarter. Finally, Ieq Capital LLC raised its stake in shares of TJX Companies by 7.1% in the 2nd quarter. Ieq Capital LLC now owns 75,345 shares of the apparel and home fashions retailer’s stock valued at $8,296,000 after purchasing an additional 4,974 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Price Performance

Shares of TJX opened at $121.89 on Friday. The company’s 50-day moving average is $122.48 and its 200-day moving average is $117.38. 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 firm has a market capitalization of $137.03 billion, a PE ratio of 28.68, a PEG ratio of 2.94 and a beta of 0.91. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00.

TJX Companies (NYSE:TJX) last issued 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. The firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the business posted $1.03 earnings per share. Equities analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio is currently 35.29%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TJX. Evercore ISI upped their price target on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft raised their target price on shares of TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. UBS Group boosted their price target on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Jefferies Financial Group raised their price objective on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, Guggenheim upped their target price on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $131.33.

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.