Clarius Group LLC increased its stake in The TJX Companies, Inc. (NYSE:TJX – Free Report) by 15.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,298 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,352 shares during the period. Clarius Group LLC’s holdings in TJX Companies were worth $1,272,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently modified their holdings of the stock. Clear Creek Financial Management LLC increased its position in shares of TJX Companies by 1.8% in the first quarter. Clear Creek Financial Management LLC now owns 4,811 shares of the apparel and home fashions retailer’s stock worth $586,000 after purchasing an additional 83 shares during the period. Knuff & Co LLC increased its position in shares of TJX Companies by 8.5% in the first quarter. Knuff & Co LLC now owns 1,056 shares of the apparel and home fashions retailer’s stock worth $129,000 after purchasing an additional 83 shares during the period. McLean Asset Management Corp increased its position in shares of TJX Companies by 3.2% in the second quarter. McLean Asset Management Corp now owns 2,746 shares of the apparel and home fashions retailer’s stock worth $344,000 after purchasing an additional 84 shares during the period. Salem Investment Counselors Inc. increased its position in shares of TJX Companies by 2.2% in the first quarter. Salem Investment Counselors Inc. now owns 3,986 shares of the apparel and home fashions retailer’s stock worth $485,000 after purchasing an additional 86 shares during the period. Finally, NBC Securities Inc. increased its position in shares of TJX Companies by 0.6% in the second quarter. NBC Securities Inc. now owns 14,274 shares of the apparel and home fashions retailer’s stock worth $1,762,000 after purchasing an additional 86 shares during the period. Institutional investors own 91.09% of the company’s stock.
TJX Companies Stock Performance
NYSE:TJX opened at $141.30 on Friday. The stock has a market cap of $157.26 billion, a P/E ratio of 32.19, a price-to-earnings-growth ratio of 3.18 and a beta of 0.92. The company has a current ratio of 1.17, a quick ratio of 0.52 and a debt-to-equity ratio of 0.32. The stock’s 50-day moving average is $136.51 and its 200-day moving average is $129.38. The TJX Companies, Inc. has a 1-year low of $111.22 and a 1-year high of $145.58.
TJX Companies Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Thursday, November 13th. TJX Companies’s payout ratio is 38.72%.
Analyst Ratings Changes
A number of research analysts have issued reports on TJX shares. JPMorgan Chase & Co. lifted their target price on TJX Companies from $145.00 to $148.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. Sanford C. Bernstein lifted their target price on TJX Companies from $145.00 to $152.00 and gave the company an “outperform” rating in a research report on Thursday, August 21st. Telsey Advisory Group reiterated an “outperform” rating and issued a $155.00 target price (up previously from $150.00) on shares of TJX Companies in a research report on Wednesday, August 20th. Erste Group Bank started coverage on TJX Companies in a research report on Friday, September 5th. They issued a “buy” rating on the stock. Finally, UBS Group lifted their target price on TJX Companies from $164.00 to $172.00 and gave the company a “buy” rating in a research report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $147.58.
Read Our Latest Research Report on TJX
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.
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