Cetera Investment Advisers Purchases 167,703 Shares of The TJX Companies, Inc. (NYSE:TJX)

Cetera Investment Advisers raised its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 232.7% during the first quarter, HoldingsChannel.com reports. The fund owned 239,766 shares of the apparel and home fashions retailer’s stock after buying an additional 167,703 shares during the quarter. Cetera Investment Advisers’ holdings in TJX Companies were worth $24,317,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in TJX. Norges Bank bought a new position in shares of TJX Companies during the 4th quarter worth about $1,193,438,000. Price T Rowe Associates Inc. MD increased its stake in TJX Companies by 35.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock valued at $1,249,237,000 after buying an additional 3,255,849 shares during the last quarter. Vanguard Group Inc. increased its stake in TJX Companies by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 97,476,558 shares of the apparel and home fashions retailer’s stock valued at $9,886,073,000 after buying an additional 1,269,792 shares during the last quarter. Canoe Financial LP increased its stake in TJX Companies by 22,145.7% in the 4th quarter. Canoe Financial LP now owns 1,112,287 shares of the apparel and home fashions retailer’s stock valued at $104,344,000 after buying an additional 1,107,287 shares during the last quarter. Finally, Schroder Investment Management Group increased its stake in TJX Companies by 52.3% in the 4th quarter. Schroder Investment Management Group now owns 3,164,369 shares of the apparel and home fashions retailer’s stock valued at $296,849,000 after buying an additional 1,086,125 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, EVP Kenneth Canestrari sold 20,332 shares of the firm’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $100.00, for a total value of $2,033,200.00. Following the completion of the transaction, the executive vice president now directly owns 110,893 shares of the company’s stock, valued at approximately $11,089,300. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP Louise Greenlees sold 8,171 shares of TJX Companies stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $101.73, for a total transaction of $831,235.83. Following the completion of the sale, the executive vice president now directly owns 49,570 shares of the company’s stock, valued at approximately $5,042,756.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kenneth Canestrari sold 20,332 shares of TJX Companies stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $100.00, for a total transaction of $2,033,200.00. Following the sale, the executive vice president now directly owns 110,893 shares of the company’s stock, valued at $11,089,300. The disclosure for this sale can be found here. Insiders sold a total of 50,003 shares of company stock valued at $5,060,941 in the last three months. Company insiders own 0.13% of the company’s stock.

TJX Companies Stock Down 0.5 %

TJX Companies stock opened at $113.14 on Friday. The TJX Companies, Inc. has a 1-year low of $85.27 and a 1-year high of $115.35. The firm has a market capitalization of $127.87 billion, a price-to-earnings ratio of 28.07, a P/E/G ratio of 3.02 and a beta of 0.88. The company has a current ratio of 1.23, a quick ratio of 0.61 and a debt-to-equity ratio of 0.38. The firm has a 50 day simple moving average of $110.03 and a 200 day simple moving average of $101.74.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.06. TJX Companies had a net margin of 8.47% and a return on equity of 64.26%. The business had revenue of $12.48 billion during the quarter, compared to analyst estimates of $12.48 billion. During the same period in the previous year, the business earned $0.76 EPS. TJX Companies’s revenue was up 5.9% compared to the same quarter last year. On average, analysts predict that The TJX Companies, Inc. will post 4.09 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Thursday, August 15th. TJX Companies’s payout ratio is 37.22%.

Wall Street Analysts Forecast Growth

TJX has been the subject of several analyst reports. Sanford C. Bernstein increased their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. BMO Capital Markets increased their price objective on shares of TJX Companies from $110.00 to $116.00 and gave the company an “outperform” rating in a research note on Monday, June 3rd. Morgan Stanley increased their price objective on shares of TJX Companies from $113.00 to $122.00 and gave the company an “overweight” rating in a research note on Thursday, July 18th. TD Cowen raised their price target on shares of TJX Companies from $119.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Finally, Deutsche Bank Aktiengesellschaft set a $114.00 price target on shares of TJX Companies in a research note on Tuesday, May 21st. Two research analysts have rated the stock with a hold rating and sixteen have issued 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 $112.67.

TJX Companies Company 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.