Foundations Investment Advisors LLC Trims Stock Holdings in The TJX Companies, Inc. $TJX

Foundations Investment Advisors LLC lowered its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 81.4% in the second quarter, HoldingsChannel.com reports. The fund owned 5,296 shares of the apparel and home fashions retailer’s stock after selling 23,125 shares during the quarter. Foundations Investment Advisors LLC’s holdings in TJX Companies were worth $654,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the company. Ignite Planners LLC lifted its holdings in shares of TJX Companies by 3.8% during the second quarter. Ignite Planners LLC now owns 2,130 shares of the apparel and home fashions retailer’s stock worth $260,000 after purchasing an additional 77 shares during the period. Revolve Wealth Partners LLC raised its position in TJX Companies by 3.3% during the 2nd quarter. Revolve Wealth Partners LLC now owns 2,453 shares of the apparel and home fashions retailer’s stock worth $303,000 after buying an additional 79 shares during the last quarter. Roble Belko & Company Inc lifted its stake in TJX Companies by 0.3% during the 2nd quarter. Roble Belko & Company Inc now owns 31,478 shares of the apparel and home fashions retailer’s stock valued at $3,887,000 after acquiring an additional 82 shares during the period. Knuff & Co LLC boosted its holdings in shares of TJX Companies by 8.5% in the 1st quarter. Knuff & Co LLC now owns 1,056 shares of the apparel and home fashions retailer’s stock valued at $129,000 after acquiring an additional 83 shares during the last quarter. Finally, 3Chopt Investment Partners LLC increased its stake in shares of TJX Companies by 1.6% in the second quarter. 3Chopt Investment Partners LLC now owns 5,239 shares of the apparel and home fashions retailer’s stock worth $647,000 after acquiring an additional 83 shares during the period. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Stock Performance

NYSE:TJX opened at $145.86 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.52 and a current ratio of 1.17. The stock has a market capitalization of $162.34 billion, a PE ratio of 33.23, a P/E/G ratio of 3.14 and a beta of 0.90. The TJX Companies, Inc. has a fifty-two week low of $112.10 and a fifty-two week high of $148.11. The company has a fifty day moving average of $142.54 and a two-hundred day moving average of $133.76.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.09. The business had revenue of $14.40 billion during the quarter, compared to analysts’ expectations of $14.12 billion. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.96 earnings per share. As a group, research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 13th will be issued a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.2%. TJX Companies’s dividend payout ratio is presently 38.72%.

Analyst Upgrades and Downgrades

TJX has been the topic of several recent research reports. Erste Group Bank initiated coverage on shares of TJX Companies in a report on Friday, September 5th. They issued a “buy” rating on the stock. TD Cowen upped their target price on TJX Companies from $160.00 to $162.00 and gave the stock a “buy” rating in a research note on Monday, November 10th. Morgan Stanley raised their target price on TJX Companies from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Barclays upped their price objective on TJX Companies from $147.00 to $155.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Finally, Robert W. Baird raised their target price on TJX Companies from $143.00 to $152.00 and gave the company an “outperform” rating in a research report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $151.75.

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.