Centric Wealth Management cut its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 41.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 26,459 shares of the apparel and home fashions retailer's stock after selling 18,913 shares during the period. TJX Companies accounts for about 0.9% of Centric Wealth Management's holdings, making the stock its 29th biggest position. Centric Wealth Management's holdings in TJX Companies were worth $3,196,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of TJX. Geode Capital Management LLC lifted its holdings in shares of TJX Companies by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 24,322,579 shares of the apparel and home fashions retailer's stock worth $2,930,965,000 after acquiring an additional 464,995 shares during the period. StoneX Group Inc. purchased a new position in TJX Companies during the fourth quarter worth approximately $1,296,000. Nemes Rush Group LLC boosted its holdings in shares of TJX Companies by 18.7% in the 4th quarter. Nemes Rush Group LLC now owns 37,768 shares of the apparel and home fashions retailer's stock valued at $4,563,000 after purchasing an additional 5,940 shares during the last quarter. National Bank of Canada FI grew its stake in shares of TJX Companies by 2.3% during the 4th quarter. National Bank of Canada FI now owns 934,829 shares of the apparel and home fashions retailer's stock valued at $112,944,000 after buying an additional 21,035 shares during the period. Finally, HighPoint Advisor Group LLC increased its holdings in shares of TJX Companies by 5.9% during the 4th quarter. HighPoint Advisor Group LLC now owns 25,451 shares of the apparel and home fashions retailer's stock worth $3,172,000 after buying an additional 1,412 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research firms have issued reports on TJX. Robert W. Baird boosted their price target on TJX Companies from $138.00 to $140.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Barclays boosted their target price on TJX Companies from $136.00 to $137.00 and gave the stock an "overweight" rating in a report on Thursday, February 27th. Guggenheim raised their price target on shares of TJX Companies from $135.00 to $140.00 and gave the company a "buy" rating in a report on Thursday, December 5th. Wells Fargo & Company boosted their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Friday, January 10th. Finally, Morgan Stanley raised their target price 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. One research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, TJX Companies currently has a consensus rating of "Moderate Buy" and an average price target of $135.76.
Get Our Latest Report on TJX Companies
Insider Activity
In other news, CEO Ernie Herrman sold 23,428 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total value of $2,882,346.84. Following the completion of the sale, the chief executive officer now directly owns 484,189 shares in the company, valued at approximately $59,569,772.67. The trade was a 4.62 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total value of $988,240.00. The disclosure for this sale can be found here. Company insiders own 0.13% of the company's stock.
TJX Companies Stock Up 0.5 %
TJX traded up $0.63 on Thursday, reaching $125.56. The company's stock had a trading volume of 8,764,610 shares, compared to its average volume of 5,229,304. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00. The business's 50 day moving average is $121.65 and its 200 day moving average is $120.31. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The stock has a market cap of $141.14 billion, a price-to-earnings ratio of 29.55, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96.
TJX Companies (NYSE:TJX - Get Free Report) last released its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, beating the consensus estimate of $1.16 by $0.07. The company had revenue of $16.35 billion during the quarter, compared to analysts' expectations of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. As a group, research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.
TJX Companies Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be given a $0.425 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.70 annualized dividend and a dividend yield of 1.35%. This is an increase from TJX Companies's previous quarterly dividend of $0.38. TJX Companies's payout ratio is presently 35.21%.
About TJX Companies
(
Free Report)
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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