Clarendon Private LLC Purchases New Position in The TJX Companies, Inc. (NYSE:TJX)

Clarendon Private LLC acquired a new position in shares of The TJX Companies, Inc. (NYSE:TJX) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,148 shares of the apparel and home fashions retailer’s stock, valued at approximately $864,000. TJX Companies comprises 0.9% of Clarendon Private LLC’s portfolio, making the stock its 26th largest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hartford Funds Management Co LLC boosted its stake in TJX Companies by 0.5% during the 3rd quarter. Hartford Funds Management Co LLC now owns 17,926 shares of the apparel and home fashions retailer’s stock valued at $2,107,000 after purchasing an additional 86 shares during the last quarter. Stablepoint Partners LLC boosted its position in shares of TJX Companies by 0.3% during the third quarter. Stablepoint Partners LLC now owns 26,922 shares of the apparel and home fashions retailer’s stock valued at $3,164,000 after buying an additional 89 shares during the last quarter. Signature Estate & Investment Advisors LLC grew its holdings in TJX Companies by 3.4% during the third quarter. Signature Estate & Investment Advisors LLC now owns 2,706 shares of the apparel and home fashions retailer’s stock worth $318,000 after buying an additional 90 shares in the last quarter. Hamilton Capital LLC raised its position in TJX Companies by 3.9% in the 3rd quarter. Hamilton Capital LLC now owns 2,413 shares of the apparel and home fashions retailer’s stock valued at $273,000 after buying an additional 90 shares during the last quarter. Finally, Sound Income Strategies LLC lifted its stake in TJX Companies by 3.8% during the 3rd quarter. Sound Income Strategies LLC now owns 2,507 shares of the apparel and home fashions retailer’s stock valued at $295,000 after acquiring an additional 91 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Up 0.0 %

TJX stock opened at $122.61 on Friday. The stock has a 50-day simple moving average of $122.84 and a two-hundred day simple moving average of $117.86. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00. The firm has a market capitalization of $137.83 billion, a PE ratio of 28.85, a PEG ratio of 3.00 and a beta of 0.91. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share 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 business had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. During the same quarter in the prior year, the firm posted $1.03 EPS. TJX Companies’s revenue was up 6.0% on a year-over-year basis. On average, equities analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be paid 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 1.22%. TJX Companies’s dividend payout ratio is currently 35.29%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. UBS Group increased their target price on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a report on Friday, January 10th. TD Cowen lifted their target price on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Deutsche Bank Aktiengesellschaft upped their target price on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Guggenheim lifted their price target on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, Wells Fargo & Company lifted their target price on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. Three 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $131.67.

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.