Centric Wealth Management Sells 367 Shares of The TJX Companies, Inc. (NYSE:TJX)

Centric Wealth Management trimmed its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,372 shares of the apparel and home fashions retailer’s stock after selling 367 shares during the period. TJX Companies comprises 1.3% of Centric Wealth Management’s holdings, making the stock its 11th biggest holding. Centric Wealth Management’s holdings in TJX Companies were worth $5,246,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Cetera Investment Advisers increased its stake in shares of TJX Companies by 232.7% during the first quarter. Cetera Investment Advisers now owns 239,766 shares of the apparel and home fashions retailer’s stock valued at $24,317,000 after buying an additional 167,703 shares during the period. Cetera Advisors LLC raised its holdings in shares of TJX Companies by 33.2% in the 1st quarter. Cetera Advisors LLC now owns 86,909 shares of the apparel and home fashions retailer’s stock valued at $8,814,000 after purchasing an additional 21,667 shares in the last quarter. Pathway Financial Advisers LLC purchased a new stake in shares of TJX Companies in the 1st quarter worth approximately $172,000. Westwood Holdings Group Inc. grew its stake in TJX Companies by 58.3% in the first quarter. Westwood Holdings Group Inc. now owns 208,388 shares of the apparel and home fashions retailer’s stock valued at $21,135,000 after purchasing an additional 76,744 shares during the last quarter. Finally, Railway Pension Investments Ltd lifted its position in shares of TJX Companies by 0.9% during the first quarter. Railway Pension Investments Ltd now owns 358,600 shares of the apparel and home fashions retailer’s stock valued at $36,369,000 after buying an additional 3,300 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Ernie Herrman sold 15,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the transaction, the chief executive officer now owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. The trade was a 2.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.13% of the stock is currently owned by company insiders.

TJX Companies Stock Up 0.1 %

TJX opened at $126.36 on Friday. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a twelve month low of $87.44 and a twelve month high of $128.00. The company has a market cap of $142.52 billion, a PE ratio of 29.73, a price-to-earnings-growth ratio of 3.11 and a beta of 0.89. The company has a 50-day moving average price of $117.14 and a 200 day moving average price of $113.07.

TJX Companies (NYSE:TJX) last released its earnings results 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 return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. During the same quarter last year, the business posted $1.03 earnings per share. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. Sell-side analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Loop Capital raised their target price on TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Morgan Stanley lifted their target price on TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Wells Fargo & Company increased 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. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $134.00 target price on shares of TJX Companies in a report on Wednesday, November 20th. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $129.47.

About TJX Companies

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.