Golden State Wealth Management LLC Invests $283,000 in The TJX Companies, Inc. (NYSE:TJX)

Golden State Wealth Management LLC bought a new position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,342 shares of the apparel and home fashions retailer's stock, valued at approximately $283,000.

A number of other large investors also recently modified their holdings of TJX. Brookstone Capital Management boosted its holdings in TJX Companies by 5.9% during the third quarter. Brookstone Capital Management now owns 13,113 shares of the apparel and home fashions retailer's stock worth $1,541,000 after buying an additional 733 shares during the last quarter. LVW Advisors LLC grew its holdings in TJX Companies by 6.7% during the third quarter. LVW Advisors LLC now owns 2,897 shares of the apparel and home fashions retailer's stock valued at $341,000 after purchasing an additional 183 shares during the period. Fermata Advisors LLC bought a new stake in TJX Companies in the third quarter valued at approximately $209,000. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in TJX Companies by 358.7% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 9,155 shares of the apparel and home fashions retailer's stock worth $1,075,000 after purchasing an additional 7,159 shares during the period. Finally, Meyer Handelman Co. raised its holdings in TJX Companies by 1.2% in the third quarter. Meyer Handelman Co. now owns 181,991 shares of the apparel and home fashions retailer's stock worth $21,391,000 after purchasing an additional 2,162 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on TJX. UBS Group raised their price objective on TJX Companies from $148.00 to $151.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. Wells Fargo & Company lifted their price objective on TJX Companies from $115.00 to $120.00 and gave the company an "equal weight" rating in a report on Friday, January 10th. Deutsche Bank Aktiengesellschaft increased their target price on TJX Companies from $130.00 to $131.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. Morgan Stanley lifted their price target on shares of TJX Companies from $130.00 to $135.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. Finally, StockNews.com raised shares of TJX Companies from a "hold" rating to a "buy" rating in a research report on Saturday, November 30th. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $133.53.

TJX Companies Stock Performance

Shares of TJX traded down $0.23 during midday trading on Wednesday, reaching $124.45. The stock had a trading volume of 3,453,250 shares, compared to its average volume of 4,312,155. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The firm has a 50 day simple moving average of $123.22 and a 200-day simple moving average of $118.94. The firm has a market cap of $139.90 billion, a PE ratio of 29.28, a P/E/G ratio of 2.82 and a beta of 0.91. The TJX Companies, Inc. has a one year low of $92.35 and a one year high of $128.00.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, topping analysts' consensus estimates of $1.09 by $0.05. The firm had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business's revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.03 earnings per share. As a group, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies's payout ratio is presently 35.29%.

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.