Goldstein Advisors LLC Has $320,000 Position in The TJX Companies, Inc. (NYSE:TJX)

Goldstein Advisors LLC decreased its holdings in The TJX Companies, Inc. (NYSE:TJX) by 4.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,906 shares of the apparel and home fashions retailer’s stock after selling 120 shares during the quarter. Goldstein Advisors LLC’s holdings in TJX Companies were worth $320,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Richard W. Paul & Associates LLC acquired a new stake in TJX Companies in the 2nd quarter valued at $25,000. Valued Wealth Advisors LLC lifted its holdings in shares of TJX Companies by 260.3% during 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 acquiring an additional 177 shares during the period. First Pacific Financial acquired a new stake in shares of TJX Companies in the 1st quarter valued at $29,000. Frazier Financial Advisors LLC bought a new stake in shares of TJX Companies in the 4th quarter worth about $27,000. Finally, OFI Invest Asset Management acquired a new stake in shares of TJX Companies during the 1st quarter worth about $30,000. 91.09% of the stock is owned by institutional investors.

Insider Activity at TJX Companies

In related news, EVP Louise Greenlees sold 8,171 shares of the stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $101.73, for a total value of $831,235.83. Following the sale, the executive vice president now directly owns 49,570 shares in the company, valued at approximately $5,042,756.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Louise Greenlees sold 8,171 shares of the firm’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $101.73, for a total transaction of $831,235.83. Following the sale, the executive vice president now owns 49,570 shares of the company’s stock, valued at approximately $5,042,756.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Amy B. Lane sold 1,500 shares of TJX Companies stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total value of $153,105.00. Following the transaction, the director now owns 23,470 shares in the company, valued at $2,395,582.90. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

TJX Companies Trading Up 0.3 %

TJX Companies stock traded up $0.37 during trading hours on Friday, reaching $119.37. 2,780,173 shares of the company’s stock traded hands, compared to its average volume of 5,439,467. The firm has a market capitalization of $134.91 billion, a price-to-earnings ratio of 29.85, a PEG ratio of 2.95 and a beta of 0.88. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.61 and a current ratio of 1.23. The TJX Companies, Inc. has a fifty-two week low of $86.71 and a fifty-two week high of $121.06. The firm’s 50 day moving average is $111.86 and its 200-day moving average is $103.27.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.04. TJX Companies had a net margin of 8.47% and a return on equity of 64.26%. The business had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. During the same period in the prior year, the business posted $0.85 earnings per share. TJX Companies’s revenue was up 5.6% compared to the same quarter last year. On average, analysts predict that The TJX Companies, Inc. will post 4.12 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be paid 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 1.26%. TJX Companies’s dividend payout ratio (DPR) is presently 37.22%.

Analysts Set New Price Targets

A number of research firms have commented on TJX. Loop Capital boosted their price target on shares of TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday. Evercore ISI increased their price target on TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a research report on Monday. The Goldman Sachs Group raised TJX Companies from a “neutral” rating to a “buy” rating and raised their price target for the company from $100.00 to $110.00 in a report on Thursday, April 25th. Citigroup lowered TJX Companies from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $110.00 to $128.00 in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft set a $114.00 target price on TJX Companies in a research note on Tuesday, May 21st. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.