GSB Wealth Management LLC Sells 152 Shares of The TJX Companies, Inc. (NYSE:TJX)

GSB Wealth Management LLC reduced its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 22,774 shares of the apparel and home fashions retailer’s stock after selling 152 shares during the period. GSB Wealth Management LLC’s holdings in TJX Companies were worth $2,751,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Trivant Custom Portfolio Group LLC bought a new position in shares of TJX Companies during the 4th quarter valued at approximately $26,000. Capital Performance Advisors LLP purchased a new stake in shares of TJX Companies during the 3rd quarter valued at approximately $29,000. Legacy Investment Solutions LLC purchased a new stake in shares of TJX Companies during the 3rd quarter valued at approximately $30,000. Truvestments Capital LLC purchased a new stake in shares of TJX Companies during the 3rd quarter valued at approximately $29,000. Finally, Copeland Capital Management LLC purchased a new stake in shares of TJX Companies during the 3rd quarter valued at approximately $30,000. 91.09% of the stock is owned by institutional investors.

TJX Companies Stock Performance

TJX Companies stock opened at $122.61 on Friday. The firm’s fifty day moving average price is $122.84 and its 200-day moving average price is $117.86. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The stock has a market cap of $137.83 billion, a P/E ratio of 28.85, a price-to-earnings-growth ratio of 3.00 and a beta of 0.91. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.95 billion. During the same quarter last year, the company posted $1.03 EPS. The business’s quarterly revenue was up 6.0% on a year-over-year basis. On average, equities research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio is currently 35.29%.

Analyst Ratings Changes

A number of brokerages recently commented on TJX. Guggenheim upped their price target on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Telsey Advisory Group restated an “outperform” rating and set a $134.00 price target on shares of TJX Companies in a research note on Friday, December 6th. Morgan Stanley upped 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. TD Cowen upped their price target on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Finally, UBS Group increased their target price on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, TJX Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.67.

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.