USA Financial Formulas Sells 1,572 Shares of The TJX Companies, Inc. (NYSE:TJX)

USA Financial Formulas decreased its stake in The TJX Companies, Inc. (NYSE:TJX) by 47.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,770 shares of the apparel and home fashions retailer’s stock after selling 1,572 shares during the period. USA Financial Formulas’ holdings in TJX Companies were worth $214,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Armstrong Advisory Group Inc. grew its holdings in shares of TJX Companies by 0.7% in the 4th quarter. Armstrong Advisory Group Inc. now owns 32,023 shares of the apparel and home fashions retailer’s stock valued at $3,869,000 after acquiring an additional 215 shares in the last quarter. Laurel Wealth Advisors LLC grew its holdings in shares of TJX Companies by 0.3% in the 4th quarter. Laurel Wealth Advisors LLC now owns 32,501 shares of the apparel and home fashions retailer’s stock valued at $3,926,000 after acquiring an additional 100 shares in the last quarter. Clarus Wealth Advisors bought a new position in shares of TJX Companies in the 4th quarter valued at about $815,000. Park Avenue Securities LLC grew its holdings in shares of TJX Companies by 17.1% in the 4th quarter. Park Avenue Securities LLC now owns 75,213 shares of the apparel and home fashions retailer’s stock valued at $9,087,000 after acquiring an additional 11,007 shares in the last quarter. Finally, Kathmere Capital Management LLC grew its holdings in shares of TJX Companies by 79.2% in the 4th quarter. Kathmere Capital Management LLC now owns 4,518 shares of the apparel and home fashions retailer’s stock valued at $546,000 after acquiring an additional 1,997 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TJX. UBS Group raised their target price on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Robert W. Baird raised their target price on shares of TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Telsey Advisory Group reiterated an “outperform” rating and issued a $134.00 target price on shares of TJX Companies in a research note on Friday, December 6th. TD Cowen raised their target price on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Finally, Wells Fargo & Company raised their target price on shares of TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, TJX Companies presently has a consensus rating of “Moderate Buy” and an average target price of $131.33.

TJX Companies Stock Up 1.9 %

NYSE TJX opened at $121.42 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00. The company has a 50 day moving average of $122.39 and a 200-day moving average of $117.35. The company has a market cap of $136.49 billion, a price-to-earnings ratio of 28.57, a PEG ratio of 2.94 and a beta of 0.91.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. The business had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the firm posted $1.03 earnings per share. On average, equities research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a yield of 1.24%. TJX Companies’s dividend payout ratio (DPR) is 35.29%.

About TJX Companies

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.