Clarus Wealth Advisors Acquires Shares of 6,802 The TJX Companies, Inc. (NYSE:TJX)

Clarus Wealth Advisors acquired a new position in shares of The TJX Companies, Inc. (NYSE:TJX) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 6,802 shares of the apparel and home fashions retailer’s stock, valued at approximately $815,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ameriprise Financial Inc. boosted its position in shares of TJX Companies by 33.4% during the second quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer’s stock worth $1,347,934,000 after buying an additional 3,063,318 shares during the period. International Assets Investment Management LLC raised its stake in TJX Companies by 13,309.4% during the 3rd quarter. International Assets Investment Management LLC now owns 1,191,155 shares of the apparel and home fashions retailer’s stock valued at $140,008,000 after acquiring an additional 1,182,272 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its position in TJX Companies by 161.3% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,786,652 shares of the apparel and home fashions retailer’s stock worth $210,003,000 after acquiring an additional 1,102,912 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in shares of TJX Companies by 281.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,235,037 shares of the apparel and home fashions retailer’s stock worth $145,166,000 after purchasing an additional 911,351 shares in the last quarter. Finally, Nordea Investment Management AB increased its holdings in shares of TJX Companies by 13.3% during the fourth quarter. Nordea Investment Management AB now owns 7,031,237 shares of the apparel and home fashions retailer’s stock valued at $850,428,000 after purchasing an additional 827,103 shares during the period. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Down 0.5 %

Shares of TJX opened at $119.29 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The firm’s 50-day simple moving average is $122.32 and its 200 day simple moving average is $117.34. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $128.00. The firm has a market cap of $134.10 billion, a P/E ratio of 28.07, a price-to-earnings-growth ratio of 3.07 and a beta of 0.91.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. During the same period in the prior year, the company posted $1.03 earnings per share. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be issued a $0.375 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a yield of 1.26%. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on TJX shares. Wells Fargo & Company upped their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. TD Cowen upped their price target on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Evercore ISI increased their price objective on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Guggenheim boosted their target price on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $134.00 price target on shares of TJX Companies in a research note on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.33.

TJX Companies Company 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.