The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC cut its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 104,873 shares of the apparel and home fashions retailer’s stock after selling 584 shares during the period. Pallas Capital Advisors LLC’s holdings in TJX Companies were worth $12,670,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Hartford Funds Management Co LLC boosted its stake in shares of TJX Companies by 0.5% during the 3rd quarter. Hartford Funds Management Co LLC now owns 17,926 shares of the apparel and home fashions retailer’s stock worth $2,107,000 after acquiring an additional 86 shares during the last quarter. Stablepoint Partners LLC boosted its holdings in TJX Companies by 0.3% in the third quarter. Stablepoint Partners LLC now owns 26,922 shares of the apparel and home fashions retailer’s stock worth $3,164,000 after acquiring an additional 89 shares in the last quarter. Concorde Asset Management LLC increased its holdings in shares of TJX Companies by 2.8% in the second quarter. Concorde Asset Management LLC now owns 3,330 shares of the apparel and home fashions retailer’s stock valued at $367,000 after purchasing an additional 90 shares during the period. Signature Estate & Investment Advisors LLC boosted its holdings in TJX Companies by 3.4% in the third quarter. Signature Estate & Investment Advisors LLC now owns 2,706 shares of the apparel and home fashions retailer’s stock valued at $318,000 after purchasing an additional 90 shares during the last quarter. Finally, Hamilton Capital LLC lifted its stake in shares of TJX Companies by 3.9% in the 3rd quarter. Hamilton Capital LLC now owns 2,413 shares of the apparel and home fashions retailer’s stock valued at $273,000 after purchasing an additional 90 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Price Performance

TJX traded down $0.10 during trading on Monday, reaching $119.96. 4,603,198 shares of the company traded hands, compared to its average volume of 4,506,628. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00. The company has a market cap of $134.85 billion, a P/E ratio of 28.23, a PEG ratio of 3.07 and a beta of 0.91. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The firm has a fifty day simple moving average of $122.06 and a 200 day simple moving average of $117.21.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. The business had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.03 EPS. On average, equities analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s payout ratio is 35.29%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TJX. Telsey Advisory Group reiterated an “outperform” rating and issued a $134.00 price objective on shares of TJX Companies in a research note on Friday, December 6th. Wells Fargo & Company increased their target price on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Friday. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Jefferies Financial Group raised their price target 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, Deutsche Bank Aktiengesellschaft raised their target price on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.