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

Claro Advisors LLC raised its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 14.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,361 shares of the apparel and home fashions retailer’s stock after purchasing an additional 2,455 shares during the period. Claro Advisors LLC’s holdings in TJX Companies were worth $1,964,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Norges Bank bought a new stake in shares of TJX Companies during the fourth quarter valued at approximately $1,193,438,000. Schroder Investment Management Group increased its holdings in shares of TJX Companies by 350.9% in the 3rd quarter. Schroder Investment Management Group now owns 2,078,244 shares of the apparel and home fashions retailer’s stock worth $184,714,000 after purchasing an additional 1,617,367 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of TJX Companies by 23.2% in the 4th quarter. Nordea Investment Management AB now owns 5,881,507 shares of the apparel and home fashions retailer’s stock worth $554,156,000 after purchasing an additional 1,107,937 shares in the last quarter. Canoe Financial LP raised its stake in shares of TJX Companies by 22,145.7% in the fourth quarter. Canoe Financial LP now owns 1,112,287 shares of the apparel and home fashions retailer’s stock worth $104,344,000 after purchasing an additional 1,107,287 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of TJX Companies by 1.1% during the fourth 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 purchasing an additional 1,071,078 shares in the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Stock Performance

Shares of NYSE TJX traded up $0.48 during midday trading on Monday, reaching $110.58. 4,531,647 shares of the stock were exchanged, compared to its average volume of 5,565,860. The firm has a 50-day simple moving average of $102.48 and a two-hundred day simple moving average of $98.30. The firm has a market cap of $124.97 billion, a price-to-earnings ratio of 27.44, a PEG ratio of 2.94 and a beta of 0.88. The TJX Companies, Inc. has a twelve month low of $82.25 and a twelve month high of $111.79. The company has a quick ratio of 0.61, a current ratio of 1.23 and a debt-to-equity ratio of 0.38.

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

TJX Companies Dividend Announcement

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

Insider Activity

In related news, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction dated Friday, May 24th. The shares were 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Ernie Herrman sold 20,000 shares of TJX Companies stock in a transaction that occurred 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 owns 571,148 shares in the company, valued at $58,354,191.16. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Amy B. Lane sold 1,500 shares of the business’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total value of $153,105.00. Following the transaction, the director now directly owns 23,470 shares in the company, valued at approximately $2,395,582.90. The disclosure for this sale can be found here. Insiders sold 50,003 shares of company stock worth $5,060,941 over the last three months. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on TJX shares. The Goldman Sachs Group raised TJX Companies from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $100.00 to $110.00 in a research report on Thursday, April 25th. Telsey Advisory Group boosted their price objective on shares of TJX Companies from $112.00 to $115.00 and gave the company an “outperform” rating in a report on Thursday, May 23rd. UBS Group increased their price objective on shares of TJX Companies from $132.00 to $134.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Evercore ISI set a $113.00 target price on shares of TJX Companies in a research report on Tuesday, May 21st. Finally, Sanford C. Bernstein boosted their target price on shares of TJX Companies from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $110.39.

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.