The TJX Companies, Inc. (NYSE:TJX) Shares Acquired by Golden State Equity Partners

Golden State Equity Partners increased its position in The TJX Companies, Inc. (NYSE:TJX) by 13.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,493 shares of the apparel and home fashions retailer’s stock after buying an additional 1,029 shares during the quarter. Golden State Equity Partners’ holdings in TJX Companies were worth $797,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Anchor Investment Management LLC acquired a new stake in shares of TJX Companies in the fourth quarter valued at $28,000. BKM Wealth Management LLC acquired a new stake in shares of TJX Companies in the fourth quarter valued at $30,000. Larson Financial Group LLC lifted its holdings in shares of TJX Companies by 76.0% during the third quarter. Larson Financial Group LLC now owns 389 shares of the apparel and home fashions retailer’s stock valued at $35,000 after purchasing an additional 168 shares during the last quarter. BOK Financial Private Wealth Inc. purchased a new stake in shares of TJX Companies during the fourth quarter valued at $40,000. Finally, Gradient Investments LLC lifted its holdings in shares of TJX Companies by 86.7% during the fourth quarter. Gradient Investments LLC now owns 478 shares of the apparel and home fashions retailer’s stock valued at $45,000 after purchasing an additional 222 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Down 0.1 %

TJX stock traded down $0.06 during mid-day trading on Friday, hitting $96.36. The stock had a trading volume of 3,748,411 shares, compared to its average volume of 4,860,047. The TJX Companies, Inc. has a 1-year low of $75.65 and a 1-year high of $102.84. The company has a fifty day moving average of $97.33 and a 200 day moving average of $93.87. The company has a current ratio of 1.21, a quick ratio of 0.64 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $109.17 billion, a price-to-earnings ratio of 24.96, a PEG ratio of 2.48 and a beta of 0.86.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.10. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. The company had revenue of $16.41 billion during the quarter, compared to the consensus estimate of $16.20 billion. During the same period last year, the business earned $0.89 EPS. The business’s quarterly revenue was up 13.0% on a year-over-year basis. On average, equities analysts expect that The TJX Companies, Inc. will post 4.07 EPS for the current fiscal year.

TJX Companies declared that its Board of Directors has authorized a share buyback plan on Wednesday, February 28th that authorizes the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization authorizes the apparel and home fashions retailer to purchase up to 2.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

TJX Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 16th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This is an increase from TJX Companies’s previous quarterly dividend of $0.33. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.56%. TJX Companies’s dividend payout ratio (DPR) is 34.46%.

Insider Transactions at TJX Companies

In other news, EVP Louise Greenlees sold 2,694 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $98.83, for a total transaction of $266,248.02. Following the completion of the sale, the executive vice president now directly owns 50,273 shares of the company’s stock, valued at approximately $4,968,480.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Louise Greenlees sold 2,694 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $98.83, for a total value of $266,248.02. Following the transaction, the executive vice president now directly owns 50,273 shares of the company’s stock, valued at approximately $4,968,480.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $98.98, for a total value of $1,979,600.00. Following the completion of the transaction, the chief executive officer now directly owns 515,801 shares in the company, valued at $51,053,982.98. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on TJX. UBS Group upped their target price on TJX Companies from $95.00 to $104.00 and gave the company a “neutral” rating in a report on Friday, March 1st. The Goldman Sachs Group raised TJX Companies from a “neutral” rating to a “buy” rating and upped their target price for the company from $100.00 to $110.00 in a report on Thursday. BMO Capital Markets upped their target price on TJX Companies from $95.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, February 29th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $105.00 target price on shares of TJX Companies in a report on Wednesday, February 28th. Finally, Redburn Atlantic downgraded TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 target price for the company. in a report on Monday, February 5th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, TJX Companies currently has an average rating of “Moderate Buy” and a consensus price target of $102.65.

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.