Centerpoint Advisors LLC Sells 200 Shares of The TJX Companies, Inc. (NYSE:TJX)

Centerpoint Advisors LLC cut its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 4.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,850 shares of the apparel and home fashions retailer’s stock after selling 200 shares during the period. Centerpoint Advisors LLC’s holdings in TJX Companies were worth $586,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TJX. Bogart Wealth LLC bought a new position in shares of TJX Companies during the 4th quarter valued at about $25,000. Trivant Custom Portfolio Group LLC bought a new position in TJX Companies in the fourth quarter valued at approximately $26,000. Capital Performance Advisors LLP acquired a new position in shares of TJX Companies in the third quarter valued at approximately $29,000. Truvestments Capital LLC bought a new stake in shares of TJX Companies during the third quarter worth $29,000. Finally, Copeland Capital Management LLC acquired a new stake in shares of TJX Companies during the third quarter worth $30,000. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Stock Down 1.2 %

TJX Companies stock opened at $124.33 on Tuesday. 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 company’s 50-day moving average is $123.17 and its 200-day moving average is $119.19. The firm has a market capitalization of $139.77 billion, a PE ratio of 29.25, a P/E/G ratio of 2.82 and a beta of 0.91. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00.

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

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio is 35.29%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Telsey Advisory Group reiterated an “outperform” rating and set a $134.00 target price on shares of TJX Companies in a report on Friday, December 6th. Robert W. Baird increased their price objective on TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Guggenheim boosted their target price on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Morgan Stanley raised their price target on shares of TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $133.53.

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.