Meadow Creek Wealth Advisors LLC Reduces Holdings in The TJX Companies, Inc. (NYSE:TJX)

Meadow Creek Wealth Advisors LLC decreased its position in The TJX Companies, Inc. (NYSE:TJX) by 13.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,426 shares of the apparel and home fashions retailer’s stock after selling 381 shares during the period. Meadow Creek Wealth Advisors LLC’s holdings in TJX Companies were worth $293,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Czech National Bank boosted its stake in shares of TJX Companies by 6.7% during the 3rd quarter. Czech National Bank now owns 230,223 shares of the apparel and home fashions retailer’s stock worth $27,060,000 after acquiring an additional 14,413 shares in the last quarter. Callan Family Office LLC purchased a new position in TJX Companies during the third quarter worth about $289,000. Alpha Cubed Investments LLC grew its holdings in shares of TJX Companies by 27.4% during the 3rd quarter. Alpha Cubed Investments LLC now owns 2,485 shares of the apparel and home fashions retailer’s stock worth $292,000 after purchasing an additional 535 shares during the period. Evanson Asset Management LLC acquired a new stake in TJX Companies in the 3rd quarter valued at approximately $258,000. Finally, Atomi Financial Group Inc. lifted its position in shares of TJX Companies by 10.6% during the third quarter. Atomi Financial Group Inc. now owns 9,139 shares of the apparel and home fashions retailer’s stock worth $1,074,000 after purchasing an additional 875 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Trading Up 0.3 %

Shares of TJX Companies stock opened at $125.53 on Thursday. 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 company’s fifty day moving average price is $123.29 and its two-hundred day moving average price is $118.49. The firm has a market capitalization of $141.11 billion, a PE ratio of 29.54, a price-to-earnings-growth ratio of 3.05 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.

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, beating 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 firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. During the same period last year, the firm posted $1.03 EPS. The business’s revenue was up 6.0% on a year-over-year basis. On average, analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 1.19%. TJX Companies’s payout ratio is presently 35.29%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on TJX shares. TD Cowen raised their price target on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. UBS Group raised their target price on TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a report on Friday, January 10th. Wells Fargo & Company lifted their target price on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Two research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $133.53.

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.