Harbour Capital Advisors LLC Lowers Stake in The TJX Companies, Inc. (NYSE:TJX)

Harbour Capital Advisors LLC cut its stake in The TJX Companies, Inc. (NYSE:TJX) by 0.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,738 shares of the apparel and home fashions retailer’s stock after selling 105 shares during the period. Harbour Capital Advisors LLC’s holdings in TJX Companies were worth $1,659,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TJX. Wealthspire Advisors LLC grew its position in TJX Companies by 4.7% during the second quarter. Wealthspire Advisors LLC now owns 12,377 shares of the apparel and home fashions retailer’s stock valued at $1,363,000 after acquiring an additional 560 shares during the last quarter. Envestnet Asset Management Inc. raised its position in TJX Companies by 16.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,862,145 shares of the apparel and home fashions retailer’s stock worth $425,222,000 after purchasing an additional 544,107 shares during the period. Prosperity Consulting Group LLC lifted its stake in TJX Companies by 20.9% in the second quarter. Prosperity Consulting Group LLC now owns 5,799 shares of the apparel and home fashions retailer’s stock worth $639,000 after purchasing an additional 1,004 shares during the last quarter. J.W. Cole Advisors Inc. lifted its stake in TJX Companies by 28.8% in the second quarter. J.W. Cole Advisors Inc. now owns 11,871 shares of the apparel and home fashions retailer’s stock worth $1,307,000 after purchasing an additional 2,655 shares during the last quarter. Finally, Williams Financial LLC purchased a new stake in TJX Companies during the second quarter valued at about $442,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. TD Cowen boosted their target price on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Evercore ISI increased their price objective on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $134.00 target price on shares of TJX Companies in a research note on Friday, December 6th. Guggenheim increased their price target on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $131.33.

TJX Companies Stock Down 0.5 %

NYSE TJX traded down $0.56 during trading hours on Monday, reaching $119.50. 1,932,327 shares of the company’s stock traded hands, compared to its average volume of 4,166,487. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The firm has a 50-day simple moving average of $122.06 and a 200 day simple moving average of $117.21. The firm has a market cap of $134.34 billion, a PE ratio of 28.12, a PEG ratio of 3.07 and a beta of 0.91.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.05. The firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business’s revenue was up 6.0% on a year-over-year basis. During the same period last year, the business earned $1.03 earnings per share. Sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be issued a dividend of $0.375 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.50 annualized dividend and a dividend yield of 1.26%. TJX Companies’s payout ratio is presently 35.29%.

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.