Golden State Wealth Management LLC Purchases 4,266 Shares of The TJX Companies, Inc. (NYSE:TJX)

Golden State Wealth Management LLC boosted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 182.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,608 shares of the apparel and home fashions retailer's stock after purchasing an additional 4,266 shares during the period. Golden State Wealth Management LLC's holdings in TJX Companies were worth $805,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Aurora Private Wealth Inc. bought a new stake in TJX Companies in the first quarter valued at $8,664,000. Lecap Asset Management Ltd. bought a new stake in TJX Companies in the first quarter valued at $706,000. Global Assets Advisory LLC bought a new stake in TJX Companies in the first quarter valued at $488,000. Archford Capital Strategies LLC bought a new stake in TJX Companies in the first quarter valued at $4,071,000. Finally, Strategic Investment Advisors MI boosted its holdings in TJX Companies by 3.2% in the first quarter. Strategic Investment Advisors MI now owns 10,085 shares of the apparel and home fashions retailer's stock valued at $1,228,000 after acquiring an additional 311 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

Insiders Place Their Bets

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total value of $121,685.50. Following the completion of the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

TJX has been the topic of a number of research reports. Loop Capital set a $150.00 target price on shares of TJX Companies and gave the company a "buy" rating in a report on Thursday, May 22nd. Wells Fargo & Company restated an "equal weight" rating on shares of TJX Companies in a report on Wednesday, May 21st. 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 report on Thursday, May 22nd. Cowen restated a "buy" rating on shares of TJX Companies in a report on Tuesday, May 20th. Finally, Barclays restated an "overweight" rating and set a $147.00 target price (up previously from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $141.53.

TJX Companies Price Performance

TJX opened at $122.35 on Friday. The stock has a 50-day moving average price of $127.30 and a 200-day moving average price of $124.05. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.16 and a quick ratio of 0.51. The firm has a market cap of $136.68 billion, a PE ratio of 28.79, a P/E/G ratio of 2.90 and a beta of 0.90. 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 issued its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.90 by $0.02. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The business had revenue of $13.11 billion during the quarter, compared to analyst estimates of $13.01 billion. During the same quarter in the previous year, the firm earned $0.93 EPS. TJX Companies's revenue was up 5.1% on a year-over-year basis. Sell-side analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Thursday, August 14th. TJX Companies's dividend payout ratio (DPR) is 40.00%.

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.

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