Rothschild Investment LLC Takes $430,000 Position in The TJX Companies, Inc. (NYSE:TJX)

Rothschild Investment LLC purchased a new position in shares of The TJX Companies, Inc. (NYSE:TJX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 3,904 shares of the apparel and home fashions retailer’s stock, valued at approximately $430,000.

Several other hedge funds and other institutional investors have also bought and sold shares of TJX. Richard W. Paul & Associates LLC purchased a new position in shares of TJX Companies in the 2nd quarter worth about $25,000. Valued Wealth Advisors LLC raised its position in 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 worth $25,000 after acquiring an additional 177 shares during the period. First Pacific Financial purchased a new position in TJX Companies in the first quarter valued at about $29,000. Frazier Financial Advisors LLC bought a new position in shares of TJX Companies during the 4th quarter valued at approximately $27,000. Finally, New Millennium Group LLC purchased a new stake in shares of TJX Companies during the 2nd quarter worth approximately $34,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

NYSE TJX opened at $117.27 on Monday. The company’s 50 day simple moving average is $112.92 and its two-hundred day simple moving average is $104.24. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60. The TJX Companies, Inc. has a 1 year low of $86.71 and a 1 year high of $121.13. The stock has a market capitalization of $132.53 billion, a PE ratio of 29.10, a P/E/G ratio of 2.96 and a beta of 0.89.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.04. The firm had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.85 earnings per share. Analysts predict that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft set a $114.00 price objective on TJX Companies in a research note on Tuesday, May 21st. Loop Capital upped their price target on TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Sanford C. Bernstein increased their price target on TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, May 23rd. Telsey Advisory Group restated an “outperform” rating and issued a $128.00 price objective on shares of TJX Companies in a research note on Wednesday, August 21st. Finally, Citigroup downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and upped their price objective for the company from $110.00 to $128.00 in a report on Thursday, August 22nd. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $126.76.

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.