Cerity Partners LLC Purchases 130,201 Shares of The TJX Companies, Inc. (NYSE:TJX)

Cerity Partners LLC raised its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 10.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,433,116 shares of the apparel and home fashions retailer's stock after purchasing an additional 130,201 shares during the quarter. Cerity Partners LLC owned approximately 0.13% of TJX Companies worth $174,553,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TJX. Shell Asset Management Co. boosted its stake in TJX Companies by 16.5% during the fourth quarter. Shell Asset Management Co. now owns 29,168 shares of the apparel and home fashions retailer's stock worth $3,524,000 after acquiring an additional 4,128 shares in the last quarter. Pathstone Holdings LLC boosted its position in shares of TJX Companies by 10.1% in the 4th quarter. Pathstone Holdings LLC now owns 736,616 shares of the apparel and home fashions retailer's stock worth $88,992,000 after purchasing an additional 67,853 shares in the last quarter. Ethic Inc. increased its position in TJX Companies by 21.1% during the 4th quarter. Ethic Inc. now owns 167,169 shares of the apparel and home fashions retailer's stock valued at $20,196,000 after buying an additional 29,158 shares in the last quarter. Fiduciary Trust Co increased its position in TJX Companies by 5.2% during the 4th quarter. Fiduciary Trust Co now owns 2,891,186 shares of the apparel and home fashions retailer's stock valued at $349,284,000 after buying an additional 144,113 shares in the last quarter. Finally, Pinnacle Financial Partners Inc raised its stake in TJX Companies by 2.2% during the first quarter. Pinnacle Financial Partners Inc now owns 387,342 shares of the apparel and home fashions retailer's stock valued at $46,989,000 after buying an additional 8,319 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Stock Performance

Shares of TJX Companies stock traded down $0.47 during trading hours on Friday, reaching $123.69. 4,145,943 shares of the stock traded hands, compared to its average volume of 5,202,666. The TJX Companies, Inc. has a one year low of $107.71 and a one year high of $135.85. The firm has a market capitalization of $138.17 billion, a price-to-earnings ratio of 29.10, a P/E/G ratio of 2.90 and a beta of 0.88. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.34. The company has a 50 day moving average price of $126.93 and a 200 day moving average price of $124.12.

TJX Companies (NYSE:TJX - Get Free Report) last announced its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.02. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The company had revenue of $13.11 billion during the quarter, compared to analyst estimates of $13.01 billion. During the same period in the previous year, the business posted $0.93 earnings per share. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. On average, equities research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be given a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 annualized dividend and a yield of 1.37%. TJX Companies's dividend payout ratio (DPR) is presently 40.00%.

Insider Transactions at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total value of $121,685.50. Following the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

TJX has been the subject of several analyst reports. JPMorgan Chase & Co. raised their price target on TJX Companies from $130.00 to $145.00 and gave the company an "overweight" rating in a report on Monday, June 2nd. Morgan Stanley set a $140.00 price objective on shares of TJX Companies and gave the company an "overweight" rating in a research note on Thursday, May 22nd. Cowen reaffirmed a "buy" rating on shares of TJX Companies in a report on Tuesday, May 20th. Daiwa Capital Markets initiated coverage on shares of TJX Companies in a report on Tuesday. They set an "outperform" rating and a $133.00 price target on the stock. Finally, Daiwa America upgraded shares of TJX Companies to a "strong-buy" rating in a report on Tuesday. One equities research analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $141.06.

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.