ClariVest Asset Management LLC Has $5.42 Million Position in The TJX Companies, Inc. (NYSE:TJX)

ClariVest Asset Management LLC trimmed its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,227 shares of the apparel and home fashions retailer’s stock after selling 507 shares during the quarter. TJX Companies accounts for 0.6% of ClariVest Asset Management LLC’s portfolio, making the stock its 26th largest holding. ClariVest Asset Management LLC’s holdings in TJX Companies were worth $5,420,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Dearborn Partners LLC increased its position in TJX Companies by 4.0% during the 2nd quarter. Dearborn Partners LLC now owns 2,359 shares of the apparel and home fashions retailer’s stock worth $260,000 after purchasing an additional 90 shares in the last quarter. Armbruster Capital Management Inc. boosted its stake in shares of TJX Companies by 4.9% during the second quarter. Armbruster Capital Management Inc. now owns 2,097 shares of the apparel and home fashions retailer’s stock valued at $231,000 after purchasing an additional 97 shares in the last quarter. Aprio Wealth Management LLC grew its holdings in shares of TJX Companies by 4.8% during the second quarter. Aprio Wealth Management LLC now owns 2,176 shares of the apparel and home fashions retailer’s stock worth $240,000 after purchasing an additional 99 shares during the last quarter. Mcdonald Partners LLC raised its holdings in TJX Companies by 4.4% in the 2nd quarter. Mcdonald Partners LLC now owns 2,344 shares of the apparel and home fashions retailer’s stock valued at $258,000 after buying an additional 99 shares during the last quarter. Finally, M3 Advisory Group LLC boosted its position in TJX Companies by 4.1% during the 2nd quarter. M3 Advisory Group LLC now owns 2,520 shares of the apparel and home fashions retailer’s stock worth $277,000 after buying an additional 99 shares during the period. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

Shares of TJX Companies stock opened at $117.83 on Wednesday. The company has a market cap of $133.17 billion, a PE ratio of 29.24, a price-to-earnings-growth ratio of 2.92 and a beta of 0.89. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37. The TJX Companies, Inc. has a 52 week low of $86.71 and a 52 week high of $121.13. The business has a 50 day moving average price of $113.86 and a 200-day moving average price of $105.18.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.04. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The business had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.31 billion. During the same period last year, the business earned $0.85 EPS. The business’s revenue was up 5.6% on a year-over-year basis. Equities analysts anticipate that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on TJX. StockNews.com downgraded shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Saturday. Sanford C. Bernstein lifted their target price on TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. Loop Capital raised their price objective on TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Telsey Advisory Group reissued an “outperform” rating and set a $128.00 target price on shares of TJX Companies in a research report on Wednesday, August 21st. Finally, TD Cowen raised their price target on shares of TJX Companies from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $126.76.

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.