Interchange Capital Partners LLC Takes $296,000 Position in The TJX Companies, Inc. (NYSE:TJX)

Interchange Capital Partners LLC acquired a new position in shares of The TJX Companies, Inc. (NYSE:TJX) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 2,689 shares of the apparel and home fashions retailer’s stock, valued at approximately $296,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of TJX. Valued Wealth Advisors LLC raised its holdings in shares of TJX Companies by 260.3% in the first quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock valued at $25,000 after purchasing an additional 177 shares during the last quarter. Richard W. Paul & Associates LLC acquired a new stake in TJX Companies in the 2nd quarter valued at $25,000. Frazier Financial Advisors LLC bought a new stake in TJX Companies during the 4th quarter worth about $27,000. First Pacific Financial acquired a new position in shares of TJX Companies during the 1st quarter worth about $29,000. Finally, OFI Invest Asset Management bought a new position in shares of TJX Companies in the 1st quarter valued at about $30,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on TJX shares. Sanford C. Bernstein upped their target price on TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. Telsey Advisory Group reissued an “outperform” rating and issued a $128.00 price objective on shares of TJX Companies in a report on Wednesday, August 21st. Citigroup cut shares of TJX Companies from a “buy” rating to a “neutral” rating and raised their target price for the company from $110.00 to $128.00 in a research note on Thursday, August 22nd. UBS Group upped their price target on shares of TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Finally, Robert W. Baird increased their price target on shares of TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, TJX Companies presently has an average rating of “Moderate Buy” and an average price target of $126.76.

TJX Companies Price Performance

TJX Companies stock opened at $117.27 on Monday. The company has a market capitalization of $132.53 billion, a price-to-earnings ratio of 29.10, a PEG ratio of 2.96 and a beta of 0.89. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37. The TJX Companies, Inc. has a 12 month low of $86.71 and a 12 month high of $121.13. The stock’s 50 day moving average is $112.92 and its 200-day moving average is $104.24.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. The firm had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.85 EPS. Equities research analysts expect that The TJX Companies, Inc. will post 4.15 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Thursday, August 15th. TJX Companies’s dividend payout ratio (DPR) is 37.22%.

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.