Centric Wealth Management Has $2.97 Million Stock Holdings in The TJX Companies, Inc. $TJX

Key Points

• Centric Wealth Management reduced its stake in The TJX Companies, Inc. by 8% during the first quarter, selling 2,120 shares and leaving it with a total of 24,339 shares valued at approximately $2.97 million.
• Several institutional investors have made significant changes to their holdings in TJX, including Nuveen LLC purchasing a new position worth over $1.33 billion and GAMMA Investing LLC increasing theirs by over 14,000% to own 2.91 million shares.
• The TJX Companies reported earnings that exceeded analysts' expectations, with a quarterly revenue increase of 6.9% year-over-year and earnings of $1.10 per share, surpassing the predicted $1.01.

Centric Wealth Management reduced its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 8.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,339 shares of the apparel and home fashions retailer's stock after selling 2,120 shares during the quarter. Centric Wealth Management's holdings in TJX Companies were worth $2,965,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. TCTC Holdings LLC increased its position in shares of TJX Companies by 210.1% during the 1st quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock valued at $26,000 after purchasing an additional 145 shares during the period. Atlantic Edge Private Wealth Management LLC increased its position in shares of TJX Companies by 58.8% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock valued at $36,000 after purchasing an additional 110 shares during the period. Iron Horse Wealth Management LLC increased its position in shares of TJX Companies by 99.3% during the 1st quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock valued at $36,000 after purchasing an additional 149 shares during the period. Inlight Wealth Management LLC acquired a new position in shares of TJX Companies during the 1st quarter valued at $37,000. Finally, Activest Wealth Management increased its position in shares of TJX Companies by 4,485.7% during the 1st quarter. Activest Wealth Management now owns 321 shares of the apparel and home fashions retailer's stock valued at $39,000 after purchasing an additional 314 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Daiwa Capital Markets assumed coverage on TJX Companies in a research report on Tuesday, July 8th. They set an "outperform" rating and a $133.00 price target on the stock. Evercore ISI lifted their price target on TJX Companies from $150.00 to $162.00 and gave the company an "outperform" rating in a research report on Thursday, August 21st. Daiwa America upgraded TJX Companies to a "strong-buy" rating in a research report on Tuesday, July 8th. Telsey Advisory Group reissued an "outperform" rating and set a $155.00 price objective (up from $150.00) on shares of TJX Companies in a research note on Wednesday, August 20th. Finally, JPMorgan Chase & Co. raised their price objective on TJX Companies from $145.00 to $148.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, TJX Companies presently has an average rating of "Buy" and a consensus target price of $147.58.

TJX Companies Price Performance

Shares of TJX traded down $0.49 during trading hours on Monday, hitting $136.63. 4,116,829 shares of the company were exchanged, compared to its average volume of 5,570,308. The company has a market capitalization of $152.63 billion, a PE ratio of 31.12, a PEG ratio of 3.07 and a beta of 0.90. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 0.52. The firm has a fifty day simple moving average of $128.58 and a 200-day simple moving average of $125.97. The TJX Companies, Inc. has a one year low of $111.22 and a one year high of $145.58.

TJX Companies (NYSE:TJX - Get Free Report) last issued its earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 EPS for the quarter, topping the consensus estimate of $1.01 by $0.09. The business had revenue of $14.40 billion during the quarter, compared to analysts' expectations of $14.12 billion. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.TJX Companies's revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.96 earnings per share. TJX Companies has set its FY 2026 guidance at 4.520-4.570 EPS. Q3 2026 guidance at 1.170-1.190 EPS. As a group, sell-side analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be given a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies's dividend payout ratio (DPR) is 38.72%.

Insider Activity at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total value of $121,685.50. Following the completion of the sale, the director owned 22,712 shares of the company's stock, valued at $2,909,180.08. This trade represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.13% of the stock is currently owned by company insiders.

TJX Companies 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.