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

Claro Advisors LLC boosted its stake in The TJX Companies, Inc. (NYSE:TJX) by 18.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,066 shares of the apparel and home fashions retailer’s stock after acquiring an additional 3,570 shares during the period. Claro Advisors LLC’s holdings in TJX Companies were worth $2,787,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of TJX. State Street Corp raised its position in TJX Companies by 1.0% in the 3rd quarter. State Street Corp now owns 47,556,435 shares of the apparel and home fashions retailer’s stock valued at $5,589,783,000 after purchasing an additional 469,287 shares during the last quarter. Geode Capital Management LLC increased its stake in TJX Companies by 1.5% in the third quarter. Geode Capital Management LLC now owns 23,857,584 shares of the apparel and home fashions retailer’s stock valued at $2,795,121,000 after purchasing an additional 363,707 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of 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 during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of TJX Companies by 7.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,182,564 shares of the apparel and home fashions retailer’s stock worth $1,079,319,000 after buying an additional 643,833 shares during the period. Finally, Franklin Resources Inc. grew its holdings in shares of TJX Companies by 9.9% during the third quarter. Franklin Resources Inc. now owns 7,271,499 shares of the apparel and home fashions retailer’s stock worth $837,951,000 after buying an additional 657,529 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Guggenheim upped their price objective on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Evercore ISI lifted their price objective on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Robert W. Baird upped their price objective on shares of TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Finally, UBS Group lifted their target price on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a report on Friday. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, TJX Companies presently has an average rating of “Moderate Buy” and an average price target of $131.33.

TJX Companies Price Performance

Shares of TJX traded down $0.48 during trading hours on Monday, reaching $119.58. 2,214,117 shares of the company traded hands, compared to its average volume of 4,208,365. The stock has a market capitalization of $134.43 billion, a PE ratio of 28.14, a price-to-earnings-growth ratio of 3.07 and a beta of 0.91. The stock has a fifty day simple moving average of $122.06 and a 200 day simple moving average of $117.21. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

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 (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.05. The company had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the company earned $1.03 EPS. As a group, research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

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

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.