Cetera Investment Advisers Purchases 34,256 Shares of The TJX Companies, Inc. (NYSE:TJX)

Cetera Investment Advisers lifted its position in The TJX Companies, Inc. (NYSE:TJX) by 14.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 274,022 shares of the apparel and home fashions retailer’s stock after purchasing an additional 34,256 shares during the period. Cetera Investment Advisers’ holdings in TJX Companies were worth $30,170,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Running Oak Capital LLC lifted its position in shares of TJX Companies by 10.9% in the first quarter. Running Oak Capital LLC now owns 111,987 shares of the apparel and home fashions retailer’s stock valued at $11,358,000 after acquiring an additional 11,036 shares in the last quarter. New Mexico Educational Retirement Board raised its stake in TJX Companies by 15.9% during the 1st quarter. New Mexico Educational Retirement Board now owns 69,380 shares of the apparel and home fashions retailer’s stock valued at $7,037,000 after purchasing an additional 9,500 shares during the period. Options Solutions LLC purchased a new position in TJX Companies in the 4th quarter worth approximately $726,000. Advisors Capital Management LLC boosted its stake in TJX Companies by 3.7% in the 1st quarter. Advisors Capital Management LLC now owns 572,324 shares of the apparel and home fashions retailer’s stock worth $58,045,000 after purchasing an additional 20,629 shares during the period. Finally, Asahi Life Asset Management CO. LTD. purchased a new stake in TJX Companies during the 4th quarter valued at approximately $553,000. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Stock Performance

Shares of NYSE:TJX opened at $116.45 on Thursday. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $131.34 billion, a price-to-earnings ratio of 28.90, a PEG ratio of 2.97 and a beta of 0.89. The TJX Companies, Inc. has a 12 month low of $86.71 and a 12 month high of $121.13. The firm’s 50-day moving average is $115.51 and its 200 day moving average is $107.35.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The firm had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.31 billion. During the same quarter in the prior year, the firm posted $0.85 earnings per share. The company’s quarterly revenue was up 5.6% on a year-over-year basis. Research analysts predict that The TJX Companies, Inc. will post 4.15 EPS for the current year.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio is currently 37.22%.

Analysts Set New Price Targets

TJX has been the subject of a number of research reports. BMO Capital Markets upped their target price on shares of TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Robert W. Baird increased their price objective on shares of TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Citigroup cut TJX Companies from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $110.00 to $128.00 in a report on Thursday, August 22nd. Wells Fargo & Company increased their price target on TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a research note on Thursday, August 22nd. Finally, UBS Group raised their price target on TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, TJX Companies presently has an average rating of “Moderate Buy” and an average price target of $126.76.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the completion of the sale, the chief executive officer now owns 536,148 shares in the company, valued at approximately $63,018,835.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.13% of the company’s stock.

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.