GSA Capital Partners LLP Has $1.53 Million Position in The TJX Companies, Inc. (NYSE:TJX)

Key Points

• GSA Capital Partners LLP increased its holdings in TJX Companies by 60.6% during the first quarter, purchasing an additional 4,751 shares to own a total of 12,590 shares worth approximately $1.53 million.
• Multiple institutional investors are actively buying and selling shares of TJX, with institutional ownership totaling 91.09% of the company's stock.
• The stock has been rated as a "buy" by the majority of analysts, with a consensus target price of $141.06 following recent upgrades from various financial institutions.

GSA Capital Partners LLP raised its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 60.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,590 shares of the apparel and home fashions retailer's stock after purchasing an additional 4,751 shares during the quarter. GSA Capital Partners LLP's holdings in TJX Companies were worth $1,533,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. TCTC Holdings LLC increased its position in shares of TJX Companies by 210.1% during the first quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock worth $26,000 after acquiring an additional 145 shares during the last quarter. Atlantic Edge Private Wealth Management LLC increased its position in shares of TJX Companies by 58.8% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock worth $36,000 after acquiring an additional 110 shares during the last quarter. Iron Horse Wealth Management LLC increased its position in shares of TJX Companies by 99.3% during the first quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock worth $36,000 after acquiring an additional 149 shares during the last quarter. Inlight Wealth Management LLC bought a new stake in TJX Companies in the first quarter valued at about $37,000. Finally, Rialto Wealth Management LLC increased its holdings in TJX Companies by 105.9% in the first quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock valued at $42,000 after buying an additional 179 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Price Performance

TJX traded up $1.36 during trading on Friday, reaching $125.89. The stock had a trading volume of 4,855,347 shares, compared to its average volume of 4,410,306. The firm has a market capitalization of $140.63 billion, a price-to-earnings ratio of 29.62, a price-to-earnings-growth ratio of 2.90 and a beta of 0.88. The TJX Companies, Inc. has a 1-year low of $107.71 and a 1-year high of $135.85. The stock has a 50 day moving average of $125.01 and a two-hundred day moving average of $124.41. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.34.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The company had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $13.01 billion. During the same quarter in the prior year, the firm earned $0.93 EPS. The company's quarterly revenue was up 5.1% compared to the same quarter last year. As a group, equities analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business 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 dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Thursday, August 14th. TJX Companies's dividend payout ratio is 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 completion of the sale, the director owned 22,712 shares in the company, valued at approximately $2,909,180.08. This represents a 4.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on TJX. UBS Group reissued a "buy" rating and issued a $164.00 price objective (up from $154.00) on shares of TJX Companies in a report on Thursday, May 22nd. JPMorgan Chase & Co. upped their target price on TJX Companies from $130.00 to $145.00 and gave the company an "overweight" rating in a report on Monday, June 2nd. Loop Capital set a $150.00 target price on TJX Companies and gave the company a "buy" rating in a report on Thursday, May 22nd. Telsey Advisory Group reaffirmed an "outperform" rating and set a $145.00 target price on shares of TJX Companies in a report on Wednesday, May 21st. Finally, Daiwa Capital Markets began coverage on TJX Companies in a report on Tuesday, July 8th. They set an "outperform" rating and a $133.00 target price for the company. One research analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, TJX Companies presently has a consensus rating of "Buy" and an average target price of $141.06.

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.