Centric Wealth Management Grows Holdings in The TJX Companies, Inc. (NYSE:TJX)

Centric Wealth Management lifted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,947 shares of the apparel and home fashions retailer’s stock after acquiring an additional 1,451 shares during the quarter. TJX Companies accounts for approximately 1.3% of Centric Wealth Management’s investment portfolio, making the stock its 16th biggest holding. Centric Wealth Management’s holdings in TJX Companies were worth $4,151,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of TJX. Vanguard Group Inc. boosted its holdings in TJX Companies by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 95,135,688 shares of the apparel and home fashions retailer’s stock worth $8,455,660,000 after buying an additional 392,783 shares during the last quarter. FMR LLC increased its position in shares of TJX Companies by 13.1% during the third quarter. FMR LLC now owns 52,008,484 shares of the apparel and home fashions retailer’s stock worth $4,622,514,000 after purchasing an additional 6,036,764 shares in the last quarter. Morgan Stanley raised its stake in TJX Companies by 1.5% in the 3rd quarter. Morgan Stanley now owns 24,752,978 shares of the apparel and home fashions retailer’s stock valued at $2,200,045,000 after purchasing an additional 371,163 shares during the last quarter. Northern Trust Corp lifted its holdings in TJX Companies by 2.3% in the 3rd quarter. Northern Trust Corp now owns 13,734,141 shares of the apparel and home fashions retailer’s stock valued at $1,220,690,000 after purchasing an additional 313,530 shares in the last quarter. Finally, Jennison Associates LLC boosted its stake in TJX Companies by 0.9% during the 3rd quarter. Jennison Associates LLC now owns 9,054,237 shares of the apparel and home fashions retailer’s stock worth $804,741,000 after purchasing an additional 83,643 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Stock Up 0.3 %

TJX stock traded up $0.32 during mid-day trading on Wednesday, reaching $98.24. The company had a trading volume of 1,836,138 shares, compared to its average volume of 5,054,290. The TJX Companies, Inc. has a fifty-two week low of $75.65 and a fifty-two week high of $102.84. The company has a market capitalization of $111.30 billion, a price-to-earnings ratio of 25.31, a price-to-earnings-growth ratio of 2.49 and a beta of 0.87. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.64 and a current ratio of 1.21. The firm has a fifty day simple moving average of $96.86 and a 200 day simple moving average of $94.23.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, topping the consensus estimate of $1.12 by $0.10. The company had revenue of $16.41 billion during the quarter, compared to analysts’ expectations of $16.20 billion. TJX Companies had a net margin of 8.25% and a return on equity of 64.18%. The firm’s revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.89 EPS. Analysts forecast that The TJX Companies, Inc. will post 4.1 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 16th will be given a dividend of $0.375 per share. This is a boost from TJX Companies’s previous quarterly dividend of $0.33. This represents a $1.50 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Wednesday, May 15th. TJX Companies’s dividend payout ratio is currently 34.46%.

TJX Companies declared that its Board of Directors has initiated a stock buyback program on Wednesday, February 28th that allows the company to buyback $2.50 billion in outstanding shares. This buyback authorization allows the apparel and home fashions retailer to repurchase up to 2.2% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on TJX shares. UBS Group upgraded TJX Companies from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $104.00 to $132.00 in a report on Thursday, May 2nd. The Goldman Sachs Group upgraded TJX Companies from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $100.00 to $110.00 in a research report on Thursday, April 25th. Redburn Atlantic downgraded TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 target price on the stock. in a research report on Monday, February 5th. BMO Capital Markets upped their price target on TJX Companies from $95.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $105.00 price objective on shares of TJX Companies in a report on Wednesday, February 28th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.29.

Insider Transactions at TJX Companies

In related news, EVP Louise Greenlees sold 2,694 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $98.83, for a total value of $266,248.02. Following the completion of the transaction, the executive vice president now directly owns 50,273 shares of the company’s stock, valued at $4,968,480.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Louise Greenlees sold 2,694 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $98.83, for a total value of $266,248.02. Following the completion of the sale, the executive vice president now directly owns 50,273 shares of the company’s stock, valued at approximately $4,968,480.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $98.98, for a total value of $1,979,600.00. Following the completion of the sale, the chief executive officer now directly owns 515,801 shares of the company’s stock, valued at $51,053,982.98. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

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.