USA Financial Formulas Raises Holdings in The TJX Companies, Inc. (NYSE:TJX)

USA Financial Formulas increased its position in The TJX Companies, Inc. (NYSE:TJX) by 112.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,342 shares of the apparel and home fashions retailer’s stock after acquiring an additional 1,768 shares during the quarter. USA Financial Formulas’ holdings in TJX Companies were worth $393,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Running Oak Capital LLC raised its position in shares of TJX Companies by 10.9% in the first quarter. Running Oak Capital LLC now owns 111,987 shares of the apparel and home fashions retailer’s stock valued at $11,358,000 after purchasing an additional 11,036 shares during the period. New Mexico Educational Retirement Board lifted its position in shares of TJX Companies by 15.9% during the first quarter. New Mexico Educational Retirement Board now owns 69,380 shares of the apparel and home fashions retailer’s stock worth $7,037,000 after acquiring an additional 9,500 shares in the last quarter. Options Solutions LLC bought a new position in shares of TJX Companies in the fourth quarter worth $726,000. Advisors Capital Management LLC boosted its holdings in shares of TJX Companies by 3.7% in the first quarter. Advisors Capital Management LLC now owns 572,324 shares of the apparel and home fashions retailer’s stock worth $58,045,000 after acquiring an additional 20,629 shares during the period. Finally, O Shaughnessy Asset Management LLC grew its position in shares of TJX Companies by 9.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 136,798 shares of the apparel and home fashions retailer’s stock valued at $13,874,000 after purchasing an additional 11,447 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

Insider Activity at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total value of $1,763,100.00. Following the completion of the sale, the chief executive officer now owns 536,148 shares in the company, valued at approximately $63,018,835.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.13% of the stock is owned by company insiders.

TJX Companies Stock Performance

Shares of TJX stock opened at $113.98 on Thursday. The company has a market capitalization of $128.55 billion, a P/E ratio of 28.28, a PEG ratio of 2.90 and a beta of 0.89. The TJX Companies, Inc. has a fifty-two week low of $86.92 and a fifty-two week high of $121.13. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21. The stock has a 50 day moving average price of $115.65 and a two-hundred day moving average price of $107.89.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results 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. The business had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.85 EPS. Analysts expect that The TJX Companies, Inc. will post 4.15 earnings per share for the current year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a yield of 1.32%. TJX Companies’s dividend payout ratio is presently 37.22%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Bank of America upped their price target on TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Morgan Stanley upped their price target on shares of TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Evercore ISI lifted their price objective on TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. TD Cowen boosted their target price on TJX Companies from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $128.00 price target on shares of TJX Companies in a report on Wednesday, August 21st. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, TJX Companies currently has an average rating of “Moderate Buy” and an average price target of $126.76.

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.