Retirement Guys Formula LLC Has $1.71 Million Stake in The TJX Companies, Inc. (NYSE:TJX)

Retirement Guys Formula LLC increased its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 98.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,994 shares of the apparel and home fashions retailer's stock after purchasing an additional 6,950 shares during the quarter. Retirement Guys Formula LLC's holdings in TJX Companies were worth $1,705,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Shell Asset Management Co. boosted its position in shares of TJX Companies by 16.5% during the 4th quarter. Shell Asset Management Co. now owns 29,168 shares of the apparel and home fashions retailer's stock valued at $3,524,000 after acquiring an additional 4,128 shares in the last quarter. Pathstone Holdings LLC lifted its stake in TJX Companies by 10.1% during the fourth quarter. Pathstone Holdings LLC now owns 736,616 shares of the apparel and home fashions retailer's stock worth $88,992,000 after purchasing an additional 67,853 shares during the period. Ethic Inc. boosted its holdings in TJX Companies by 21.1% during the fourth quarter. Ethic Inc. now owns 167,169 shares of the apparel and home fashions retailer's stock valued at $20,196,000 after purchasing an additional 29,158 shares in the last quarter. Fiduciary Trust Co grew its stake in shares of TJX Companies by 5.2% in the 4th quarter. Fiduciary Trust Co now owns 2,891,186 shares of the apparel and home fashions retailer's stock valued at $349,284,000 after purchasing an additional 144,113 shares during the period. Finally, Waverton Investment Management Ltd bought a new stake in shares of TJX Companies in the 4th quarter valued at approximately $293,000. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Trading Down 0.5%

TJX stock traded down $0.66 during trading on Wednesday, hitting $123.95. The company had a trading volume of 367,449 shares, compared to its average volume of 5,358,501. The firm has a 50-day moving average price of $127.47 and a 200-day moving average price of $124.08. The TJX Companies, Inc. has a 12 month low of $107.71 and a 12 month high of $135.85. 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 stock has a market cap of $138.46 billion, a price-to-earnings ratio of 29.16, a PEG ratio of 2.95 and a beta of 0.90.

TJX Companies (NYSE:TJX - Get Free Report) last released its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, beating the consensus estimate 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 analysts' expectations of $13.01 billion. During the same period last year, the firm earned $0.93 EPS. The business's revenue for the quarter was up 5.1% on a year-over-year basis. As a group, analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be issued a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 annualized dividend and a yield of 1.37%. TJX Companies's dividend payout ratio is currently 40.00%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TJX. Barclays restated an "overweight" rating and set a $147.00 target price (up previously from $137.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Cowen reissued a "buy" rating on shares of TJX Companies in a report on Tuesday, May 20th. Robert W. Baird boosted their target price on shares of TJX Companies from $140.00 to $143.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. BMO Capital Markets reiterated an "outperform" rating on shares of TJX Companies in a research report on Wednesday, May 21st. Finally, TD Securities boosted their price target 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. One equities research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $141.53.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total transaction of $121,685.50. Following the completion of the sale, the director now owns 22,712 shares of the company's stock, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.13% of the company's stock.

TJX Companies 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.