The TJX Companies, Inc. (NYSE:TJX) Shares Purchased by Cetera Investment Advisers

Key Points

• Cetera Investment Advisers increased its stake in The TJX Companies by 14.5%, owning a total of 344,599 shares valued at approximately $41.97 million.
• Analysts have a positive outlook on TJX Companies, with multiple ratings, including a "strong-buy" from Daiwa America and an average price target of $141.06.
• The company announced a quarterly dividend of $0.425 per share, indicating an annualized yield of 1.35%, with a payout ratio of 40%.

Cetera Investment Advisers boosted its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 14.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 344,599 shares of the apparel and home fashions retailer's stock after purchasing an additional 43,580 shares during the period. Cetera Investment Advisers' holdings in TJX Companies were worth $41,972,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Atlantic Edge Private Wealth Management LLC increased its position in shares of TJX Companies by 58.8% during the first 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 acquiring an additional 110 shares during the last quarter. Iron Horse Wealth Management LLC increased its position in shares of TJX Companies by 99.3% during the first quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock valued at $36,000 after acquiring an additional 149 shares during the last quarter. Inlight Wealth Management LLC acquired a new stake in shares of TJX Companies during the first quarter valued at about $37,000. Rialto Wealth Management LLC increased its position in shares of TJX Companies by 105.9% during the first quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock valued at $42,000 after acquiring an additional 179 shares during the last quarter. Finally, Proathlete Wealth Management LLC acquired a new position in shares of TJX Companies in the first quarter valued at approximately $52,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total transaction of $121,685.50. Following the completion of the sale, the director owned 22,712 shares of the company's stock, valued at approximately $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 can be accessed through this hyperlink. Insiders own 0.13% of the company's stock.

TJX Companies Stock Up 0.1%

NYSE:TJX traded up $0.14 during trading hours on Wednesday, hitting $126.51. The stock had a trading volume of 646,161 shares, compared to its average volume of 5,316,905. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.34. The TJX Companies, Inc. has a 1-year low of $107.71 and a 1-year high of $135.85. The business has a 50 day simple moving average of $125.21 and a two-hundred day simple moving average of $124.37. The company has a market cap of $141.32 billion, a PE ratio of 29.78, a price-to-earnings-growth ratio of 2.93 and a beta of 0.88.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings data 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 the consensus estimate of $13.01 billion. During the same quarter last year, the company earned $0.93 earnings per share. TJX Companies's revenue for the quarter was up 5.1% on a year-over-year basis. Analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies's payout ratio is currently 40.00%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TJX. TD Securities lifted their price objective on shares of TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Daiwa Capital Markets began coverage on shares of TJX Companies in a research report on Tuesday, July 8th. They set an "outperform" rating and a $133.00 price objective for the company. UBS Group reiterated a "buy" rating and issued a $164.00 price target (up previously from $154.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Morgan Stanley set a $140.00 price target on shares of TJX Companies and gave the company an "overweight" rating in a research report on Thursday, May 22nd. Finally, Wells Fargo & Company reiterated an "equal weight" rating on shares of TJX Companies in a research report on Wednesday, May 21st. One equities research analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $141.06.

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.