R Squared Ltd Makes New $603,000 Investment in The TJX Companies, Inc. (NYSE:TJX)

Key Points

• R Squared Ltd has made a new investment in The TJX Companies, Inc., acquiring 4,950 shares valued at approximately $603,000 in the first quarter.
• Several institutional investors increased their stakes, with TCTC Holdings LLC leading with a 210.1% increase in their holdings during the same period.
• TJX Companies recently reported a quarterly earnings per share (EPS) of $0.92, surpassing analysts' expectations and showing a 5.1% revenue growth year-over-year.

R Squared Ltd acquired a new position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,950 shares of the apparel and home fashions retailer's stock, valued at approximately $603,000.

A number of other large investors have also added to or reduced their stakes in the stock. Clear Creek Financial Management LLC boosted its position in shares of TJX Companies by 1.8% in the first quarter. Clear Creek Financial Management LLC now owns 4,811 shares of the apparel and home fashions retailer's stock valued at $586,000 after acquiring an additional 83 shares during the period. Salem Investment Counselors Inc. lifted its position in TJX Companies by 2.2% during the first quarter. Salem Investment Counselors Inc. now owns 3,986 shares of the apparel and home fashions retailer's stock valued at $485,000 after purchasing an additional 86 shares during the last quarter. Amplius Wealth Advisors LLC lifted its position in TJX Companies by 4.2% during the first quarter. Amplius Wealth Advisors LLC now owns 2,324 shares of the apparel and home fashions retailer's stock valued at $283,000 after purchasing an additional 93 shares during the last quarter. Aaron Wealth Advisors LLC lifted its position in TJX Companies by 0.7% during the first quarter. Aaron Wealth Advisors LLC now owns 14,156 shares of the apparel and home fashions retailer's stock valued at $1,724,000 after purchasing an additional 96 shares during the last quarter. Finally, Horizon Wealth Management LLC lifted its position in TJX Companies by 2.0% during the first quarter. Horizon Wealth Management LLC now owns 4,945 shares of the apparel and home fashions retailer's stock valued at $602,000 after purchasing an additional 99 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Loop Capital set a $150.00 target price on shares of TJX Companies and gave the company a "buy" rating in a research report on Thursday, May 22nd. BMO Capital Markets reiterated an "outperform" rating on shares of TJX Companies in a research report on Wednesday, May 21st. TD Securities lifted their target price on shares of TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. Barclays reiterated an "overweight" rating and set a $147.00 target price (up from $137.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Finally, Wall Street Zen raised shares of TJX Companies from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. One equities research analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, TJX Companies has a consensus rating of "Buy" and an average price target of $141.06.

Insider Transactions at TJX Companies

In related news, Director Amy B. Lane sold 950 shares of the company's 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 transaction, the director owned 22,712 shares in the company, valued at $2,909,180.08. The trade was a 4.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by insiders.

TJX Companies Stock Up 1.1%

Shares of TJX stock traded up $1.36 during mid-day trading on Friday, reaching $125.89. 4,855,347 shares of the company's stock traded hands, compared to its average volume of 4,653,086. The TJX Companies, Inc. has a 12 month low of $107.71 and a 12 month high of $135.85. The company has a market cap of $140.63 billion, a P/E ratio of 29.62, a P/E/G ratio of 2.94 and a beta of 0.89. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.34. The company's 50-day moving average price is $125.01 and its 200-day moving average price is $124.51.

TJX Companies (NYSE:TJX - Get Free Report) last announced its earnings results 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. The firm had revenue of $13.11 billion for 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 company's quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.93 EPS. On average, equities 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 declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be paid a $0.425 dividend. The ex-dividend date is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a yield of 1.4%. TJX Companies's payout ratio is presently 40.00%.

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.