FDx Advisors Inc. Trims Stock Position in The TJX Companies, Inc. (NYSE:TJX)

FDx Advisors Inc. reduced its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 9.4% during the fourth quarter, Holdings Channel reports. The firm owned 2,574 shares of the apparel and home fashions retailer’s stock after selling 268 shares during the quarter. FDx Advisors Inc.’s holdings in TJX Companies were worth $311,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Bogart Wealth LLC purchased a new position in TJX Companies during the 4th quarter valued at $25,000. Trivant Custom Portfolio Group LLC purchased a new position in TJX Companies during the 4th quarter valued at $26,000. Capital Performance Advisors LLP purchased a new position in TJX Companies during the 3rd quarter valued at $29,000. Truvestments Capital LLC purchased a new position in TJX Companies during the 3rd quarter valued at $29,000. Finally, Legacy Investment Solutions LLC purchased a new position in TJX Companies during the 3rd quarter valued at $30,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Performance

Shares of TJX Companies stock opened at $123.04 on Friday. The stock has a market cap of $138.31 billion, a price-to-earnings ratio of 28.95, a PEG ratio of 2.76 and a beta of 0.91. The firm’s 50-day moving average is $122.93 and its 200 day moving average is $119.40. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (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%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.03 EPS. Sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.22%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio is currently 35.29%.

Analyst Upgrades and Downgrades

TJX has been the topic of a number of research analyst reports. UBS Group boosted their price objective on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Robert W. Baird boosted 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. Evercore ISI boosted their target price 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. TD Cowen boosted their target price on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Finally, Morgan Stanley boosted their target price on shares of TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $134.18.

TJX Companies Company 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.