Arkadios Wealth Advisors Has $3.10 Million Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Arkadios Wealth Advisors cut its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,671 shares of the apparel and home fashions retailer’s stock after selling 1,019 shares during the period. Arkadios Wealth Advisors’ holdings in TJX Companies were worth $3,101,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Trivant Custom Portfolio Group LLC acquired a new position in shares of TJX Companies in the 4th quarter valued at $26,000. Capital Performance Advisors LLP acquired a new position in TJX Companies in the third quarter worth about $29,000. Truvestments Capital LLC bought a new position in TJX Companies during the third quarter worth about $29,000. Copeland Capital Management LLC bought a new stake in shares of TJX Companies in the 3rd quarter valued at approximately $30,000. Finally, Legacy Investment Solutions LLC acquired a new position in shares of TJX Companies in the 3rd quarter worth approximately $30,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Price Performance

TJX opened at $121.89 on Friday. The company has a fifty day moving average price of $122.48 and a two-hundred day moving average price of $117.38. The firm has a market capitalization of $137.03 billion, a PE ratio of 28.68, a P/E/G ratio of 2.94 and a beta of 0.91. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $128.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

TJX Companies (NYSE:TJX) last announced 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 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 period in the previous year, the firm earned $1.03 earnings per share. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio is currently 35.29%.

Wall Street Analysts Forecast Growth

TJX has been the topic of a number of analyst reports. Telsey Advisory Group reiterated an “outperform” rating and issued a $134.00 price target on shares of TJX Companies in a research report on Friday, December 6th. UBS Group lifted their price target on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a report on Friday, January 10th. Jefferies Financial Group upped 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. TD Cowen lifted their target price on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Finally, StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. 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.com, TJX Companies has a consensus rating of “Moderate Buy” and a consensus price target 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.