Claro Advisors LLC Boosts Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Claro Advisors LLC grew its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 14.5% during the 1st quarter, Holdings Channel.com reports. The firm owned 19,361 shares of the apparel and home fashions retailer’s stock after purchasing an additional 2,455 shares during the quarter. Claro Advisors LLC’s holdings in TJX Companies were worth $1,964,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in TJX Companies during the fourth quarter worth approximately $1,193,438,000. Schroder Investment Management Group grew its position in shares of TJX Companies by 350.9% in the third quarter. Schroder Investment Management Group now owns 2,078,244 shares of the apparel and home fashions retailer’s stock valued at $184,714,000 after purchasing an additional 1,617,367 shares during the period. Nordea Investment Management AB increased its stake in TJX Companies by 23.2% in the fourth quarter. Nordea Investment Management AB now owns 5,881,507 shares of the apparel and home fashions retailer’s stock valued at $554,156,000 after purchasing an additional 1,107,937 shares during the last quarter. Canoe Financial LP boosted its stake in TJX Companies by 22,145.7% in the 4th quarter. Canoe Financial LP now owns 1,112,287 shares of the apparel and home fashions retailer’s stock worth $104,344,000 after buying an additional 1,107,287 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in TJX Companies by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 96,206,766 shares of the apparel and home fashions retailer’s stock valued at $9,025,157,000 after buying an additional 1,071,078 shares during the period. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Stock Up 0.4 %

Shares of TJX Companies stock traded up $0.48 during trading hours on Monday, hitting $110.58. 4,531,647 shares of the company’s stock traded hands, compared to its average volume of 5,565,860. The TJX Companies, Inc. has a twelve month low of $82.25 and a twelve month high of $111.79. The company has a market cap of $124.97 billion, a PE ratio of 27.44, a PEG ratio of 2.94 and a beta of 0.88. The company has a quick ratio of 0.61, a current ratio of 1.23 and a debt-to-equity ratio of 0.38. The stock has a 50 day simple moving average of $102.48 and a 200-day simple moving average of $98.30.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.06. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. The firm had revenue of $12.48 billion during the quarter, compared to analyst estimates of $12.48 billion. During the same quarter last year, the firm earned $0.76 EPS. TJX Companies’s quarterly revenue was up 5.9% on a year-over-year basis. Equities research analysts anticipate that The TJX Companies, Inc. will post 4.09 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be issued a $0.375 dividend. The ex-dividend date is Thursday, August 15th. This represents a $1.50 annualized dividend and a yield of 1.36%. TJX Companies’s dividend payout ratio is presently 37.22%.

Insider Buying and Selling at TJX Companies

In other news, EVP Kenneth Canestrari sold 20,332 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $100.00, for a total value of $2,033,200.00. Following the completion of the sale, the executive vice president now owns 110,893 shares of the company’s stock, valued at approximately $11,089,300. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $102.17, for a total transaction of $2,043,400.00. Following the transaction, the chief executive officer now directly owns 571,148 shares in the company, valued at $58,354,191.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kenneth Canestrari sold 20,332 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $100.00, for a total transaction of $2,033,200.00. Following the sale, the executive vice president now owns 110,893 shares of the company’s stock, valued at approximately $11,089,300. The disclosure for this sale can be found here. Insiders have sold 50,003 shares of company stock worth $5,060,941 in the last ninety days. 0.13% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently issued reports on TJX. Sanford C. Bernstein raised their target price on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. Evercore ISI set a $113.00 price objective on shares of TJX Companies in a research note on Tuesday, May 21st. BMO Capital Markets increased their target price on TJX Companies from $110.00 to $116.00 and gave the stock an “outperform” rating in a research report on Monday, June 3rd. Barclays boosted their price target on TJX Companies from $109.00 to $114.00 and gave the company an “overweight” rating in a research report on Thursday, May 23rd. Finally, Robert W. Baird lifted their price objective on TJX Companies from $110.00 to $113.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Two investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, TJX Companies presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.39.

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.