IVC Wealth Advisors LLC Sells 1,099 Shares of The TJX Companies, Inc. (NYSE:TJX)

IVC Wealth Advisors LLC cut its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 35.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,028 shares of the apparel and home fashions retailer’s stock after selling 1,099 shares during the period. IVC Wealth Advisors LLC’s holdings in TJX Companies were worth $245,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First Trust Direct Indexing L.P. raised its position in TJX Companies by 12.4% during the third 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 purchasing an additional 5,207 shares during the period. Courier Capital LLC grew its stake in 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 purchasing an additional 12,247 shares in the last quarter. Board of the Pension Protection Fund purchased a new stake in TJX Companies in the fourth quarter worth about $713,000. Miracle Mile Advisors LLC boosted its position in TJX Companies by 43.0% during the 4th 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 acquiring an additional 6,344 shares in the last quarter. Finally, Unigestion Holding SA bought a new position in shares of TJX Companies during the 3rd quarter worth approximately $22,684,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Performance

NYSE TJX opened at $122.75 on Friday. The stock has a fifty day simple moving average of $122.73 and a 200-day simple moving average of $117.75. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The stock has a market cap of $137.99 billion, a PE ratio of 28.88, a P/E/G ratio of 3.00 and a beta of 0.91. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00.

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

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders 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 1.22%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio is currently 35.29%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. TD Cowen boosted their price target on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Guggenheim lifted their price target on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. 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 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 research report on Thursday, December 5th. Finally, Wells Fargo & Company increased their target price on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, TJX Companies presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.67.

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.