Cetera Advisor Networks LLC Has $3.77 Million Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Cetera Advisor Networks LLC lowered its position in shares of The TJX Companies, Inc. (NYSE:TJXGet Rating) by 9.1% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 67,454 shares of the apparel and home fashions retailer’s stock after selling 6,763 shares during the quarter. Cetera Advisor Networks LLC’s holdings in TJX Companies were worth $3,767,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of TJX. Cetera Advisors LLC raised its stake in TJX Companies by 5.0% in the second quarter. Cetera Advisors LLC now owns 53,716 shares of the apparel and home fashions retailer’s stock valued at $3,000,000 after purchasing an additional 2,565 shares in the last quarter. Checchi Capital Advisers LLC raised its stake in TJX Companies by 3.0% in the second quarter. Checchi Capital Advisers LLC now owns 12,213 shares of the apparel and home fashions retailer’s stock valued at $747,000 after purchasing an additional 361 shares in the last quarter. Bridgewater Associates LP raised its stake in TJX Companies by 31.1% in the second quarter. Bridgewater Associates LP now owns 260,822 shares of the apparel and home fashions retailer’s stock valued at $14,567,000 after purchasing an additional 61,870 shares in the last quarter. VELA Investment Management LLC raised its stake in TJX Companies by 60.1% in the second quarter. VELA Investment Management LLC now owns 13,291 shares of the apparel and home fashions retailer’s stock valued at $742,000 after purchasing an additional 4,989 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC raised its stake in TJX Companies by 33.0% in the second quarter. O Shaughnessy Asset Management LLC now owns 41,803 shares of the apparel and home fashions retailer’s stock valued at $2,335,000 after purchasing an additional 10,373 shares in the last quarter. Institutional investors and hedge funds own 90.42% of the company’s stock.

TJX Companies Price Performance

Shares of TJX opened at $80.54 on Thursday. The TJX Companies, Inc. has a 52-week low of $53.69 and a 52-week high of $80.86. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.41 and a current ratio of 1.16. The business’s 50 day moving average price is $68.17 and its two-hundred day moving average price is $63.68. The firm has a market cap of $93.51 billion, a PE ratio of 28.06, a price-to-earnings-growth ratio of 2.45 and a beta of 0.90.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, November 10th will be paid a $0.295 dividend. This represents a $1.18 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Wednesday, November 9th. TJX Companies’s dividend payout ratio (DPR) is presently 41.11%.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 50,282 shares of the business’s stock in a transaction that occurred on Thursday, September 8th. The stock was sold at an average price of $65.90, for a total value of $3,313,583.80. Following the transaction, the chief executive officer now directly owns 696,439 shares of the company’s stock, valued at $45,895,330.10. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Ernie Herrman sold 50,282 shares of the company’s stock in a transaction that occurred on Thursday, September 8th. The stock was sold at an average price of $65.90, for a total transaction of $3,313,583.80. Following the transaction, the chief executive officer now directly owns 696,439 shares of the company’s stock, valued at $45,895,330.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kenneth Canestrari sold 4,100 shares of the company’s stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $78.51, for a total value of $321,891.00. Following the transaction, the executive vice president now directly owns 126,822 shares in the company, valued at $9,956,795.22. The disclosure for this sale can be found here. Over the last three months, insiders have sold 80,513 shares of company stock valued at $5,718,833. 0.19% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on TJX shares. The Goldman Sachs Group boosted their price target on TJX Companies from $71.00 to $80.00 and gave the company a “neutral” rating in a research note on Thursday, November 17th. TheStreet upgraded TJX Companies from a “c+” rating to a “b” rating in a research report on Thursday, August 18th. Credit Suisse Group lifted their target price on TJX Companies from $70.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, November 17th. William Blair reiterated an “outperform” rating on shares of TJX Companies in a research report on Wednesday, August 17th. Finally, Wells Fargo & Company lifted their target price on TJX Companies from $70.00 to $74.00 and gave the company an “equal weight” rating in a research report on Thursday, November 17th. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, TJX Companies presently has an average rating of “Moderate Buy” and a consensus target price of $82.42.

TJX Companies Profile

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The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; jewelry and accessories; and other merchandise.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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