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

Regent Peak Wealth Advisors LLC decreased its stake in The TJX Companies, Inc. (NYSE:TJX) by 7.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,762 shares of the apparel and home fashions retailer’s stock after selling 141 shares during the quarter. Regent Peak Wealth Advisors LLC’s holdings in TJX Companies were worth $213,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of TJX. Trivant Custom Portfolio Group LLC purchased a new position in TJX Companies in the 4th quarter valued at about $26,000. Capital Performance Advisors LLP purchased a new position in shares of TJX Companies in the third quarter valued at approximately $29,000. Legacy Investment Solutions LLC purchased a new position in shares of TJX Companies in the third quarter valued at approximately $30,000. Truvestments Capital LLC acquired a new stake in shares of TJX Companies in the third quarter worth approximately $29,000. Finally, Copeland Capital Management LLC purchased a new stake in shares of TJX Companies during the third quarter worth approximately $30,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of TJX opened at $121.89 on Tuesday. 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. The stock has a market cap of $137.03 billion, a PE ratio of 28.68, a price-to-earnings-growth ratio of 2.98 and a beta of 0.91. The firm has a fifty day moving average price of $122.56 and a 200 day moving average price of $117.56.

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, 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 business had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. During the same period last year, the firm posted $1.03 earnings per share. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 annualized dividend and a dividend yield of 1.23%. TJX Companies’s dividend payout ratio (DPR) is currently 35.29%.

Wall Street Analyst Weigh In

A number of analysts have commented on TJX shares. Telsey Advisory Group reiterated an “outperform” rating and issued a $134.00 price objective on shares of TJX Companies in a report on Friday, December 6th. Evercore ISI increased their price target on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. TD Cowen boosted their price objective 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 raised their target price on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, Wells Fargo & Company boosted their price target on shares of TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $131.33.

TJX Companies 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.