Clarus Wealth Advisors lifted its stake in shares of TJX Companies Inc (NYSE:TJX) by 3.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,276 shares of the apparel and home fashions retailer’s stock after buying an additional 223 shares during the quarter. Clarus Wealth Advisors’ holdings in TJX Companies were worth $350,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in the company. Krane Funds Advisors LLC bought a new position in TJX Companies during the second quarter worth $25,000. Prestige Wealth Management Group LLC bought a new position in TJX Companies during the second quarter worth $25,000. Capital Advisors Ltd. LLC lifted its stake in TJX Companies by 202.6% during the second quarter. Capital Advisors Ltd. LLC now owns 587 shares of the apparel and home fashions retailer’s stock worth $31,000 after purchasing an additional 393 shares during the last quarter. Westside Investment Management Inc. bought a new position in TJX Companies during the second quarter worth $37,000. Finally, Manchester Financial Inc. bought a new position in TJX Companies during the second quarter worth $37,000. 89.16% of the stock is owned by institutional investors and hedge funds.
TJX stock traded up $1.26 during mid-day trading on Friday, reaching $58.69. The company had a trading volume of 273,858 shares, compared to its average volume of 5,024,728. The company has a quick ratio of 0.48, a current ratio of 1.25 and a debt-to-equity ratio of 1.88. The stock has a market capitalization of $67.00 billion, a P/E ratio of 27.92, a P/E/G ratio of 2.00 and a beta of 0.68. TJX Companies Inc has a one year low of $41.49 and a one year high of $57.46. The stock’s 50-day simple moving average is $55.25 and its two-hundred day simple moving average is $53.88.
TJX Companies (NYSE:TJX) last posted its earnings results on Tuesday, August 20th. The apparel and home fashions retailer reported $0.62 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.62. The company had revenue of $9.78 billion for the quarter, compared to analysts’ expectations of $9.89 billion. TJX Companies had a return on equity of 57.64% and a net margin of 7.66%. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the business posted $1.17 earnings per share. On average, research analysts forecast that TJX Companies Inc will post 2.61 EPS for the current fiscal year.
The business also recently disclosed a — dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be paid a dividend of $0.23 per share. This represents a dividend yield of 1.7%. The ex-dividend date of this dividend is Wednesday, November 13th. TJX Companies’s dividend payout ratio is currently 43.60%.
TJX has been the topic of several research analyst reports. UBS Group upgraded TJX Companies from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $41.00 to $58.00 in a research note on Tuesday, September 17th. Zacks Investment Research upgraded TJX Companies from a “sell” rating to a “hold” rating and set a $60.00 price objective on the stock in a research note on Friday. Argus restated a “buy” rating on shares of TJX Companies in a research note on Wednesday, July 3rd. DA Davidson set a $65.00 target price on TJX Companies and gave the company a “buy” rating in a research note on Wednesday, August 21st. Finally, Cowen set a $62.00 target price on TJX Companies and gave the company a “buy” rating in a research note on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $59.39.
TJX Companies Company Profile
The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; jewelry and accessories; footwear; and other merchandise.
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