The TJX Companies, Inc. (NYSE:TJX) Stake Lessened by Peddock Capital Advisors LLC

Peddock Capital Advisors LLC decreased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,740 shares of the apparel and home fashions retailer’s stock after selling 109 shares during the period. Peddock Capital Advisors LLC’s holdings in TJX Companies were worth $452,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in TJX. Capital Performance Advisors LLP acquired a new stake in shares of TJX Companies in the third quarter valued at $29,000. Legacy Investment Solutions LLC bought a new position in shares of TJX Companies during the 3rd quarter valued at about $30,000. Truvestments Capital LLC acquired a new position in shares of TJX Companies in the 3rd quarter worth approximately $29,000. Copeland Capital Management LLC bought a new stake in shares of TJX Companies in the 3rd quarter worth approximately $30,000. Finally, Northwest Investment Counselors LLC acquired a new stake in TJX Companies during the third quarter valued at approximately $37,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Stock Performance

TJX stock traded down $0.10 during midday trading on Monday, hitting $119.96. 4,603,652 shares of the company traded hands, compared to its average volume of 4,506,628. The business has a 50 day simple moving average of $122.06 and a 200-day simple moving average of $117.21. 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 twelve month low of $92.35 and a twelve month high of $128.00. The stock has a market capitalization of $134.85 billion, a price-to-earnings ratio of 28.23, a price-to-earnings-growth ratio of 3.07 and a beta of 0.91.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share 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 business had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. During the same quarter in the previous year, the firm earned $1.03 EPS. The firm’s revenue was up 6.0% compared to the same quarter last year. As a group, equities research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current 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 given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Wells Fargo & Company upped their price target on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. TD Cowen boosted their price target 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. Jefferies Financial Group raised their price objective on shares of 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 target on TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a report on Friday. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, TJX Companies presently 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.