The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Centric Wealth Management

Centric Wealth Management trimmed its holdings in The TJX Companies, Inc. (NYSE:TJX) by 0.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 45,372 shares of the apparel and home fashions retailer’s stock after selling 367 shares during the quarter. TJX Companies comprises 1.3% of Centric Wealth Management’s investment portfolio, making the stock its 11th largest holding. Centric Wealth Management’s holdings in TJX Companies were worth $5,246,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TJX. Richard W. Paul & Associates LLC acquired a new stake in shares of TJX Companies in the second quarter worth approximately $25,000. Capital Performance Advisors LLP bought a new stake in shares of TJX Companies in the third quarter worth $29,000. Truvestments Capital LLC bought a new position in shares of TJX Companies during the third quarter worth about $29,000. Copeland Capital Management LLC acquired a new position in shares of TJX Companies in the 3rd quarter worth approximately $30,000. Finally, New Millennium Group LLC bought a new stake in TJX Companies during the second quarter valued at $34,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $126.36 on Friday. The firm has a 50 day moving average of $117.14 and a 200-day moving average of $113.07. The TJX Companies, Inc. has a 12 month low of $87.44 and a 12 month high of $128.00. 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 stock has a market capitalization of $142.52 billion, a PE ratio of 29.73, a PEG ratio of 3.11 and a beta of 0.89.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS 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 business had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. During the same period in the previous year, the business earned $1.03 earnings per share. The company’s revenue was up 6.0% on a year-over-year basis. On average, equities research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.19%. TJX Companies’s dividend payout ratio (DPR) is currently 35.29%.

Insider Activity

In related news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total value of $1,763,100.00. Following the completion of the transaction, the chief executive officer now owns 536,148 shares of the company’s stock, valued at $63,018,835.92. This represents a 2.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Jefferies Financial Group boosted their price target on shares of TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Wells Fargo & Company lifted their price objective on shares of TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 22nd. Loop Capital upped their price target on TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. TD Cowen lifted their target price 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, BMO Capital Markets upped their target price on shares of TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $129.47.

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.