Concentric Wealth Management LLC Sells 454 Shares of The TJX Companies, Inc. (NYSE:TJX)

Concentric Wealth Management LLC lowered its stake in The TJX Companies, Inc. (NYSE:TJX) by 3.3% during the third quarter, Holdings Channel reports. The firm owned 13,390 shares of the apparel and home fashions retailer’s stock after selling 454 shares during the period. Concentric Wealth Management LLC’s holdings in TJX Companies were worth $1,574,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Ameriprise Financial Inc. increased its holdings in TJX Companies by 33.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer’s stock valued at $1,347,934,000 after buying an additional 3,063,318 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of TJX Companies by 11.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,265,171 shares of the apparel and home fashions retailer’s stock worth $689,812,000 after buying an additional 662,681 shares in the last quarter. 1832 Asset Management L.P. boosted its stake in TJX Companies by 14.2% in the second quarter. 1832 Asset Management L.P. now owns 6,116,142 shares of the apparel and home fashions retailer’s stock valued at $673,387,000 after buying an additional 759,427 shares in the last quarter. Clearbridge Investments LLC grew its position in TJX Companies by 5.8% in the second quarter. Clearbridge Investments LLC now owns 6,012,310 shares of the apparel and home fashions retailer’s stock valued at $661,955,000 after acquiring an additional 330,277 shares during the last quarter. Finally, PineStone Asset Management Inc. raised its stake in TJX Companies by 134.2% during the second quarter. PineStone Asset Management Inc. now owns 5,467,797 shares of the apparel and home fashions retailer’s stock worth $602,004,000 after acquiring an additional 3,132,960 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Performance

NYSE:TJX opened at $121.47 on Monday. The stock has a market cap of $137.00 billion, a P/E ratio of 28.58, a PEG ratio of 2.99 and a beta of 0.89. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The business’s 50-day moving average price is $116.52 and its two-hundred day moving average price is $112.51. The TJX Companies, Inc. has a twelve month low of $87.44 and a twelve month high of $122.10.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. During the same period last year, the firm posted $1.03 earnings per share. TJX Companies’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, equities analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be given a $0.375 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.50 annualized dividend and a yield of 1.23%. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Telsey Advisory Group reiterated an “outperform” rating and set a $134.00 price objective on shares of TJX Companies in a research report on Wednesday, November 20th. Evercore ISI boosted their price objective on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday. StockNews.com lowered TJX Companies from a “buy” rating to a “hold” rating in a research note on Friday. Morgan Stanley upped their price objective on TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Finally, UBS Group lifted their target price on shares of TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, TJX Companies presently has a consensus rating of “Moderate Buy” and an average target price of $129.47.

Insider Activity at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the transaction, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. This trade represents a 2.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is owned by 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.