Claro Advisors LLC Has $2.29 Million Position in The TJX Companies, Inc. (NYSE:TJX)

Claro Advisors LLC trimmed its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,496 shares of the apparel and home fashions retailer’s stock after selling 678 shares during the quarter. Claro Advisors LLC’s holdings in TJX Companies were worth $2,292,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its position in shares of TJX Companies by 35.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock worth $1,249,237,000 after purchasing an additional 3,255,849 shares during the period. PineStone Asset Management Inc. increased its stake in TJX Companies by 134.2% during the 2nd quarter. PineStone Asset Management Inc. now owns 5,467,797 shares of the apparel and home fashions retailer’s stock worth $602,004,000 after purchasing an additional 3,132,960 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in TJX Companies by 33.4% in the second quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer’s stock valued at $1,347,934,000 after buying an additional 3,063,318 shares in the last quarter. Capital Wealth Planning LLC bought a new position in TJX Companies in the second quarter valued at approximately $315,698,000. Finally, Los Angeles Capital Management LLC boosted its holdings in shares of TJX Companies by 80.6% in the second quarter. Los Angeles Capital Management LLC now owns 2,943,176 shares of the apparel and home fashions retailer’s stock valued at $324,044,000 after buying an additional 1,313,517 shares during the period. 91.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on TJX. Loop Capital boosted their price objective on shares of TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. TD Cowen boosted their price target on TJX Companies from $125.00 to $130.00 and gave the company a “buy” rating in a report on Friday. Morgan Stanley increased their price objective on TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Evercore ISI boosted their target price on TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. Finally, Wells Fargo & Company raised their price target on shares of TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, TJX Companies has an average rating of “Moderate Buy” and an average price target of $127.41.

Insider Transactions at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total value of $1,763,100.00. Following the transaction, the chief executive officer now owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. This represents a 2.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is currently owned by corporate insiders.

TJX Companies Stock Up 0.1 %

Shares of TJX stock opened at $119.97 on Friday. The TJX Companies, Inc. has a 52-week low of $87.26 and a 52-week high of $122.10. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21. The stock has a market cap of $135.31 billion, a price-to-earnings ratio of 28.98, a PEG ratio of 3.04 and a beta of 0.89. The firm’s 50-day moving average is $116.33 and its 200-day moving average is $111.56.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. The company had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The business’s revenue was up 5.6% on a year-over-year basis. During the same period last year, the firm posted $0.85 earnings per share. Sell-side analysts predict that The TJX Companies, Inc. will post 4.14 EPS for the current year.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Thursday, November 14th. TJX Companies’s payout ratio is presently 36.23%.

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.