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

Clarus Wealth Advisors acquired a new stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor 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 have also made changes to their positions in the company. Park Avenue Securities LLC increased its holdings in shares of TJX Companies by 17.1% in the 4th quarter. Park Avenue Securities LLC now owns 75,213 shares of the apparel and home fashions retailer's stock worth $9,087,000 after buying an additional 11,007 shares during the last quarter. Kathmere Capital Management LLC grew its position in TJX Companies by 79.2% in the fourth quarter. Kathmere Capital Management LLC now owns 4,518 shares of the apparel and home fashions retailer's stock worth $546,000 after acquiring an additional 1,997 shares in the last quarter. Assenagon Asset Management S.A. grew its position in TJX Companies by 11.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,979,506 shares of the apparel and home fashions retailer's stock worth $239,144,000 after acquiring an additional 195,959 shares in the last quarter. Board of the Pension Protection Fund bought a new stake in TJX Companies during the fourth quarter worth approximately $713,000. Finally, Fifth Third Wealth Advisors LLC raised its position in TJX Companies by 7.4% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 24,010 shares of the apparel and home fashions retailer's stock valued at $2,901,000 after purchasing an additional 1,652 shares during the period. Institutional investors own 91.09% of the company's stock.

TJX Companies Stock Down 0.1 %

NYSE TJX traded down $0.14 on Wednesday, reaching $119.10. 4,906,273 shares of the stock traded hands, compared to its average volume of 4,613,674. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00. 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 company has a fifty day moving average price of $122.32 and a 200-day moving average price of $117.34. The company has a market cap of $133.89 billion, a price-to-earnings ratio of 28.02, a PEG ratio of 3.07 and a beta of 0.91.

TJX Companies (NYSE:TJX - Get Free Report) last issued its 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. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company had revenue of $14.06 billion for the quarter, compared to analysts' expectations of $13.95 billion. During the same period in the prior year, the business earned $1.03 EPS. The firm's quarterly revenue was up 6.0% on a year-over-year basis. As a group, research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal 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 paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Thursday, February 13th. TJX Companies's dividend payout ratio (DPR) is 35.29%.

Analyst Upgrades and Downgrades

TJX has been the subject of a number of recent research reports. StockNews.com upgraded TJX Companies from a "hold" rating to a "buy" rating in a report on Saturday, November 30th. Jefferies Financial Group lifted their price objective on shares of TJX Companies from $140.00 to $145.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Deutsche Bank Aktiengesellschaft increased their target price on shares of TJX Companies from $130.00 to $131.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Evercore ISI lifted their price target on shares of TJX Companies from $138.00 to $142.00 and gave the stock an "outperform" rating in a research note on Thursday, November 21st. Finally, Guggenheim upped their price target on shares of TJX Companies from $135.00 to $140.00 and gave the company a "buy" rating in a report on Thursday, December 5th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.