Townsquare Capital LLC Has $10.75 Million Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Key Points

• Townsquare Capital LLC increased its position in The TJX Companies, Inc. by 14.3% during the first quarter, owning 88,265 shares valued at approximately $10.75 million.
• Analysts have a consensus rating of "Buy" for TJX Companies, with price targets ranging from $140.00 to $164.00, reflecting a positive outlook for the company's stock.
• TJX recently announced a quarterly dividend of $0.425 per share, representing an annualized yield of 1.3% based on a dividend payout ratio of 40%.

Townsquare Capital LLC raised its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 14.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 88,265 shares of the apparel and home fashions retailer's stock after acquiring an additional 11,072 shares during the quarter. Townsquare Capital LLC's holdings in TJX Companies were worth $10,751,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. TCTC Holdings LLC lifted its position in shares of TJX Companies by 210.1% in the 1st quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock worth $26,000 after buying an additional 145 shares during the last quarter. Atlantic Edge Private Wealth Management LLC lifted its position in shares of TJX Companies by 58.8% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock worth $36,000 after buying an additional 110 shares during the last quarter. Iron Horse Wealth Management LLC lifted its position in shares of TJX Companies by 99.3% in the 1st quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock worth $36,000 after buying an additional 149 shares during the last quarter. Inlight Wealth Management LLC bought a new position in shares of TJX Companies in the 1st quarter worth about $37,000. Finally, Rialto Wealth Management LLC lifted its position in shares of TJX Companies by 105.9% in the 1st quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock worth $42,000 after buying an additional 179 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TJX has been the topic of a number of recent research reports. Citigroup upgraded shares of TJX Companies from a "neutral" rating to a "buy" rating in a research report on Wednesday, May 21st. JPMorgan Chase & Co. lifted their price objective on shares of TJX Companies from $130.00 to $145.00 and gave the company an "overweight" rating in a research report on Monday, June 2nd. Daiwa America upgraded shares of TJX Companies to a "strong-buy" rating in a research report on Tuesday, July 8th. Barclays reiterated an "overweight" rating and issued a $147.00 price objective (up from $137.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Finally, Wells Fargo & Company reiterated an "equal weight" rating on shares of TJX Companies in a research report on Wednesday, May 21st. One equities research analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, TJX Companies currently has an average rating of "Buy" and an average price target of $141.06.

TJX Companies Price Performance

TJX Companies stock traded down $0.34 during trading hours on Friday, hitting $131.64. 4,629,642 shares of the company traded hands, compared to its average volume of 4,801,404. The firm's 50-day simple moving average is $125.41 and its two-hundred day simple moving average is $124.80. The firm has a market cap of $147.06 billion, a P/E ratio of 30.97, a P/E/G ratio of 3.07 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 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 announced its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.02. The company 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 business's revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 EPS. As a group, analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

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 paid 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 1.3%. TJX Companies's payout ratio is currently 40.00%.

Insider Activity

In other news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction that occurred on 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 of the company's stock, 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 accessible through this link. 0.13% of the stock is owned by corporate insiders.

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.