5,156 Shares in The TJX Companies, Inc. (NYSE:TJX) Acquired by 3Chopt Investment Partners LLC

3Chopt Investment Partners LLC acquired a new position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 5,156 shares of the apparel and home fashions retailer's stock, valued at approximately $628,000.

Other large investors also recently added to or reduced their stakes in the company. Millstone Evans Group LLC purchased a new position in shares of TJX Companies during the fourth quarter valued at $30,000. Promus Capital LLC purchased a new position in TJX Companies during the 4th quarter valued at about $32,000. Inlight Wealth Management LLC acquired a new position in shares of TJX Companies in the 1st quarter valued at about $37,000. Tacita Capital Inc purchased a new stake in shares of TJX Companies in the fourth quarter worth approximately $38,000. Finally, Rialto Wealth Management LLC boosted its holdings in shares of TJX Companies by 105.9% during the first quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock worth $42,000 after purchasing an additional 179 shares during the period. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Price Performance

Shares of TJX Companies stock opened at $123.27 on Friday. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.34. The firm has a fifty day simple moving average of $127.21 and a 200-day simple moving average of $124.02. The stock has a market capitalization of $137.70 billion, a price-to-earnings ratio of 29.00, a PEG ratio of 2.89 and a beta of 0.90. The TJX Companies, Inc. has a 1-year low of $107.71 and a 1-year high of $135.85.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. The company had revenue of $13.11 billion during the quarter, compared to analysts' expectations of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The business's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.93 earnings per share. On average, sell-side analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be given a $0.425 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 annualized dividend and a dividend yield of 1.38%. TJX Companies's dividend payout ratio is 40.00%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TJX. UBS Group reiterated a "buy" rating and issued a $164.00 price objective (up previously from $154.00) on shares of TJX Companies in a research note on Thursday, May 22nd. Wall Street Zen upgraded TJX Companies from a "hold" rating to a "buy" rating in a report on Monday, May 12th. TD Securities boosted their target price on TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. Cowen reissued a "buy" rating on shares of TJX Companies in a research note on Tuesday, May 20th. Finally, Robert W. Baird increased their price objective on TJX Companies from $140.00 to $143.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. One analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $141.53.

Insider Transactions at TJX Companies

In related news, Director Amy B. Lane sold 950 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total value of $121,685.50. Following the completion of the sale, the director now owns 22,712 shares in the company, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

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.

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