Kingswood Wealth Advisors LLC Decreases Holdings in The TJX Companies, Inc. (NYSE:TJX)

Kingswood Wealth Advisors LLC cut its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 42.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,723 shares of the apparel and home fashions retailer's stock after selling 4,205 shares during the quarter. Kingswood Wealth Advisors LLC's holdings in TJX Companies were worth $691,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in TJX. International Assets Investment Management LLC grew its position in TJX Companies by 13,309.4% in the 3rd quarter. International Assets Investment Management LLC now owns 1,191,155 shares of the apparel and home fashions retailer's stock valued at $140,008,000 after purchasing an additional 1,182,272 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its holdings in TJX Companies by 161.3% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,786,652 shares of the apparel and home fashions retailer's stock valued at $210,003,000 after purchasing an additional 1,102,912 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in TJX Companies by 281.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,235,037 shares of the apparel and home fashions retailer's stock worth $145,166,000 after buying an additional 911,351 shares during the period. Canoe Financial LP raised its stake in shares of TJX Companies by 564.0% during the 4th quarter. Canoe Financial LP now owns 1,064,217 shares of the apparel and home fashions retailer's stock valued at $128,568,000 after purchasing an additional 903,939 shares during the period. Finally, Nordea Investment Management AB increased its holdings in TJX Companies by 13.3% during the 4th quarter. Nordea Investment Management AB now owns 7,031,237 shares of the apparel and home fashions retailer's stock worth $850,428,000 after acquiring an additional 827,103 shares during the period. Institutional investors own 91.09% of the company's stock.

Wall Street Analysts Forecast Growth

TJX has been the subject of a number of research reports. Telsey Advisory Group reissued an "outperform" rating and issued a $134.00 price target on shares of TJX Companies in a research note on Friday, December 6th. UBS Group boosted their price target 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. TD Cowen upped 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 upped their price objective on TJX Companies from $135.00 to $140.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Finally, Jefferies Financial Group boosted their price objective on shares of TJX Companies from $140.00 to $145.00 and gave the company a "buy" rating in a report on Thursday, December 5th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat.com, TJX Companies presently has an average rating of "Moderate Buy" and an average price target of $131.67.

TJX Companies Trading Up 1.6 %

Shares of TJX traded up $1.99 during midday trading on Thursday, hitting $126.20. The stock had a trading volume of 2,064,762 shares, compared to its average volume of 4,284,816. The stock's 50 day moving average is $123.13 and its 200 day moving average is $118.13. The firm has a market cap of $141.87 billion, a PE ratio of 29.69, a price-to-earnings-growth ratio of 3.00 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 - Get Free Report) last issued its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, topping analysts' consensus estimates of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. During the same quarter in the previous year, the firm posted $1.03 earnings per share. TJX Companies's revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a yield of 1.19%. TJX Companies's dividend payout ratio is currently 35.29%.

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.