USA Financial Formulas Purchases 1,509 Shares of The TJX Companies, Inc. (NYSE:TJX)

USA Financial Formulas grew its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 85.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,279 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,509 shares during the period. USA Financial Formulas’ holdings in TJX Companies were worth $399,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in TJX. Brighton Jones LLC lifted its stake in TJX Companies by 113.7% during the fourth quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer’s stock worth $1,817,000 after purchasing an additional 8,002 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of TJX Companies by 12.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer’s stock valued at $262,000 after acquiring an additional 235 shares during the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of TJX Companies in the 4th quarter valued at about $2,138,000. Empowered Funds LLC lifted its stake in shares of TJX Companies by 12.1% in the 4th quarter. Empowered Funds LLC now owns 34,186 shares of the apparel and home fashions retailer’s stock valued at $4,130,000 after acquiring an additional 3,691 shares during the last quarter. Finally, Kestra Private Wealth Services LLC lifted its stake in shares of TJX Companies by 29.1% in the 4th quarter. Kestra Private Wealth Services LLC now owns 31,498 shares of the apparel and home fashions retailer’s stock valued at $3,805,000 after acquiring an additional 7,109 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on TJX shares. JPMorgan Chase & Co. boosted their target price on TJX Companies from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Monday, June 2nd. Citigroup upgraded TJX Companies from a “neutral” rating to a “buy” rating in a report on Wednesday, May 21st. Loop Capital set a $150.00 price target on TJX Companies and gave the company a “buy” rating in a report on Thursday, May 22nd. Barclays restated an “overweight” rating and set a $147.00 price target (up previously from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. Finally, Cowen restated a “buy” rating on shares of TJX Companies in a report on Tuesday, May 20th. One equities research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $141.53.

TJX Companies Stock Performance

TJX Companies stock opened at $126.07 on Wednesday. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $140.83 billion, a P/E ratio of 29.66, a PEG ratio of 2.75 and a beta of 0.90. The stock’s 50 day moving average is $127.67 and its 200 day moving average is $124.22. The TJX Companies, Inc. has a twelve month low of $106.18 and a twelve month high of $135.85.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.02. The company had revenue of $13.11 billion for the quarter, compared to the consensus estimate of $13.01 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.93 EPS. On average, equities research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be given a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 1.35%. TJX Companies’s dividend payout ratio (DPR) is presently 40.00%.

Insider Activity at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total transaction of $121,685.50. Following the transaction, the director now directly owns 22,712 shares of the company’s stock, valued at $2,909,180.08. This represents a 4.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is currently owned by insiders.

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.