The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Centric Wealth Management

Centric Wealth Management lessened its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 41.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,459 shares of the apparel and home fashions retailer’s stock after selling 18,913 shares during the quarter. TJX Companies accounts for 0.9% of Centric Wealth Management’s investment portfolio, making the stock its 29th biggest position. Centric Wealth Management’s holdings in TJX Companies were worth $3,196,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Bogart Wealth LLC purchased a new position in shares of TJX Companies in the fourth quarter valued at $25,000. Trivant Custom Portfolio Group LLC acquired a new position in TJX Companies in the 4th quarter worth $26,000. Legacy Investment Solutions LLC purchased a new position in TJX Companies in the 3rd quarter valued at about $30,000. SOA Wealth Advisors LLC. acquired a new stake in shares of TJX Companies during the fourth quarter valued at about $30,000. Finally, Millstone Evans Group LLC purchased a new stake in shares of TJX Companies during the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Telsey Advisory Group restated an “outperform” rating and set a $145.00 price objective on shares of TJX Companies in a research note on Thursday, February 27th. Jefferies Financial Group raised their price target on shares of TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. UBS Group upped their price target on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a report on Friday, January 10th. Guggenheim raised their price objective on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, Barclays upped their target price on shares of TJX Companies from $136.00 to $137.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, TJX Companies currently has an average rating of “Moderate Buy” and a consensus target price of $135.06.

Insiders Place Their Bets

In other news, Director Alan M. Bennett sold 8,000 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ernie Herrman sold 23,428 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the completion of the sale, 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 disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

TJX Companies Stock Up 3.1 %

TJX opened at $121.90 on Tuesday. The stock’s 50 day moving average price is $121.61 and its 200 day moving average price is $120.26. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The stock has a market cap of $137.03 billion, a P/E ratio of 28.68, a P/E/G ratio of 2.75 and a beta of 0.96. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, beating 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 net margin of 8.63% and a return on equity of 61.82%. As a group, research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

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.