Centiva Capital LP Acquires 33,871 Shares of The TJX Companies, Inc. (NYSE:TJX)

Centiva Capital LP boosted its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 125.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,962 shares of the apparel and home fashions retailer's stock after buying an additional 33,871 shares during the period. TJX Companies makes up 0.2% of Centiva Capital LP's investment portfolio, making the stock its 28th biggest holding. Centiva Capital LP's holdings in TJX Companies were worth $7,365,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Bogart Wealth LLC purchased a new position in TJX Companies during the fourth quarter valued at approximately $25,000. Trivant Custom Portfolio Group LLC purchased a new position in shares of TJX Companies during the 4th quarter valued at $26,000. SOA Wealth Advisors LLC. bought a new position in shares of TJX Companies in the fourth quarter worth $30,000. Millstone Evans Group LLC bought a new position in shares of TJX Companies in the fourth quarter worth $30,000. Finally, Promus Capital LLC bought a new stake in TJX Companies during the fourth quarter valued at $32,000. Institutional investors own 91.09% of the company's stock.

TJX Companies Stock Down 0.2 %

TJX opened at $128.95 on Tuesday. The TJX Companies, Inc. has a 12 month low of $95.38 and a 12 month high of $131.30. 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 business's 50-day moving average price is $122.62 and its 200-day moving average price is $122.01. The company has a market cap of $144.04 billion, a P/E ratio of 30.34, a P/E/G ratio of 2.75 and a beta of 0.94.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, topping analysts' consensus estimates of $1.16 by $0.07. The business had revenue of $16.35 billion for the quarter, compared to analysts' expectations of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. On average, equities analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.425 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.70 annualized dividend and a yield of 1.32%. This is a boost from TJX Companies's previous quarterly dividend of $0.38. TJX Companies's dividend payout ratio is presently 39.91%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on TJX shares. Wells Fargo & Company decreased their target price on TJX Companies from $125.00 to $115.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 30th. UBS Group raised their target price on shares of TJX Companies from $148.00 to $151.00 and gave the company a "buy" rating in a research note on Friday, January 10th. Barclays lifted their target price on shares of TJX Companies from $136.00 to $137.00 and gave the company an "overweight" rating in a research report on Thursday, February 27th. Citigroup raised shares of TJX Companies from a "neutral" rating to a "buy" rating and increased their price target for the stock from $128.00 to $140.00 in a report on Thursday, April 3rd. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $145.00 price objective on shares of TJX Companies in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, TJX Companies presently has a consensus rating of "Moderate Buy" and an average target price of $137.06.

Insiders Place Their Bets

In other news, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total value of $2,882,346.84. Following the sale, the chief executive officer now directly owns 484,189 shares in the company, valued at approximately $59,569,772.67. This trade represents a 4.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alan M. Bennett sold 8,000 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total value of $988,240.00. The disclosure for this sale can be found here. Insiders own 0.13% of the company's stock.

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.

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