Cetera Investment Advisers Grows Stake in The TJX Companies, Inc. (NYSE:TJX)

Cetera Investment Advisers boosted its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 4.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 301,019 shares of the apparel and home fashions retailer's stock after buying an additional 11,548 shares during the quarter. Cetera Investment Advisers' holdings in TJX Companies were worth $36,366,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bogart Wealth LLC acquired a new position in TJX Companies in the 4th quarter worth about $25,000. Trivant Custom Portfolio Group LLC purchased a new position in shares of TJX Companies during the 4th quarter valued at approximately $26,000. SOA Wealth Advisors LLC. acquired a new stake in TJX Companies in the 4th quarter valued at $30,000. Millstone Evans Group LLC acquired a new position in TJX Companies during the fourth quarter worth $30,000. Finally, Promus Capital LLC acquired a new position in TJX Companies during the fourth quarter worth $32,000. Hedge funds and other institutional investors own 91.09% of the company's stock.

TJX Companies Trading Up 0.1 %

TJX traded up $0.07 on Friday, hitting $128.16. The company had a trading volume of 4,131,085 shares, compared to its average volume of 5,342,396. The company's fifty day moving average price is $123.03 and its 200 day moving average price is $122.33. The TJX Companies, Inc. has a 1 year low of $97.53 and a 1 year 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 firm has a market cap of $143.17 billion, a P/E ratio of 30.16, a PEG ratio of 2.75 and a beta of 0.94.

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

TJX Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Thursday, May 15th. This is a boost from TJX Companies's previous quarterly dividend of $0.38. TJX Companies's dividend payout ratio is currently 39.91%.

Insider Activity at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total value of $2,882,346.84. Following the completion of the transaction, the chief executive officer now owns 484,189 shares in the company, valued at $59,569,772.67. The trade was a 4.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction 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. Company insiders own 0.13% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on TJX. Citigroup raised shares of TJX Companies from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $128.00 to $140.00 in a research note on Thursday, April 3rd. Morgan Stanley decreased their target price on TJX Companies from $136.00 to $133.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 6th. StockNews.com cut TJX Companies from a "buy" rating to a "hold" rating in a research report on Thursday, May 1st. Robert W. Baird lifted their target price on shares of TJX Companies from $138.00 to $140.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $145.00 target price on shares of TJX Companies in a research report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $136.94.

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.