Kestra Investment Management LLC Reduces Holdings in The TJX Companies, Inc. (NYSE:TJX)

Kestra Investment Management LLC cut its stake in The TJX Companies, Inc. (NYSE:TJX) by 37.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,717 shares of the apparel and home fashions retailer’s stock after selling 1,028 shares during the quarter. Kestra Investment Management LLC’s holdings in TJX Companies were worth $207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bogart Wealth LLC purchased a new stake in shares of TJX Companies in the 4th quarter valued at about $25,000. Trivant Custom Portfolio Group LLC purchased a new position in TJX Companies during the 4th quarter worth approximately $26,000. Capital Performance Advisors LLP acquired a new position in TJX Companies during the third quarter worth approximately $29,000. Truvestments Capital LLC purchased a new stake in TJX Companies in the third quarter valued at approximately $29,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of TJX Companies in the third quarter valued at approximately $30,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TJX has been the subject of a number of research reports. Evercore ISI upped 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 increased their price objective on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Morgan Stanley lifted their target price on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Jefferies Financial Group upped their price target 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, UBS Group lifted 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. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, TJX Companies has a consensus rating of “Moderate Buy” and a consensus price target of $134.18.

TJX Companies Trading Down 0.3 %

Shares of TJX Companies stock opened at $123.04 on Friday. The business has a 50 day moving average price of $122.93 and a 200 day moving average price of $119.40. The company has a market capitalization of $138.31 billion, a P/E ratio of 28.95, a P/E/G ratio of 2.76 and a beta of 0.91. 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 TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00.

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

TJX Companies Announces Dividend

The company also recently announced 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 annualized dividend and a yield of 1.22%. The ex-dividend date is Thursday, February 13th. TJX Companies’s payout ratio is 35.29%.

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.