CenterBook Partners LP Has $16.41 Million Stock Position in The TJX Companies, Inc. $TJX

CenterBook Partners LP increased its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 388.6% during the third quarter, HoldingsChannel reports. The fund owned 113,505 shares of the apparel and home fashions retailer’s stock after acquiring an additional 90,275 shares during the quarter. TJX Companies makes up about 0.8% of CenterBook Partners LP’s portfolio, making the stock its 23rd biggest holding. CenterBook Partners LP’s holdings in TJX Companies were worth $16,406,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of TJX. Bank of Nova Scotia raised its stake in TJX Companies by 129.9% during the second quarter. Bank of Nova Scotia now owns 269,813 shares of the apparel and home fashions retailer’s stock worth $33,319,000 after acquiring an additional 152,453 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of TJX Companies by 66.6% in the 2nd quarter. Empowered Funds LLC now owns 76,998 shares of the apparel and home fashions retailer’s stock worth $9,508,000 after purchasing an additional 30,779 shares during the last quarter. Rheos Capital Works Inc. lifted its holdings in TJX Companies by 26.0% during the 3rd quarter. Rheos Capital Works Inc. now owns 370,000 shares of the apparel and home fashions retailer’s stock valued at $53,480,000 after purchasing an additional 76,400 shares during the last quarter. Wealthfront Advisers LLC lifted its holdings in TJX Companies by 4.9% during the 3rd quarter. Wealthfront Advisers LLC now owns 171,820 shares of the apparel and home fashions retailer’s stock valued at $24,835,000 after purchasing an additional 8,006 shares during the last quarter. Finally, Savoir Faire Capital Management L.P. boosted its position in TJX Companies by 45.7% in the third quarter. Savoir Faire Capital Management L.P. now owns 81,361 shares of the apparel and home fashions retailer’s stock valued at $11,760,000 after buying an additional 25,534 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Stock Up 1.5%

Shares of NYSE:TJX opened at $156.76 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.09 and a quick ratio of 0.43. The stock has a market cap of $174.08 billion, a price-to-earnings ratio of 34.60, a P/E/G ratio of 2.95 and a beta of 0.74. The company has a 50 day moving average of $154.53 and a 200-day moving average of $146.32. The TJX Companies, Inc. has a one year low of $112.10 and a one year high of $159.48.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.06. TJX Companies had a net margin of 8.68% and a return on equity of 58.30%. The firm had revenue of $15.12 billion for the quarter, compared to analysts’ expectations of $14.80 billion. During the same period last year, the firm earned $1.14 earnings per share. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Thursday, February 12th will be given a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Thursday, February 12th. TJX Companies’s dividend payout ratio (DPR) is currently 37.53%.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 24,363 shares of the stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $151.31, for a total value of $3,686,365.53. Following the transaction, the chief executive officer owned 510,780 shares of the company’s stock, valued at approximately $77,286,121.80. This represents a 4.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Amy B. Lane sold 500 shares of the business’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $151.40, for a total value of $75,700.00. Following the transaction, the director owned 22,212 shares of the company’s stock, valued at $3,362,896.80. The trade was a 2.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 54,863 shares of company stock valued at $8,226,366. 0.13% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Morgan Stanley reiterated an “overweight” rating and issued a $162.00 target price (up previously from $159.00) on shares of TJX Companies in a research note on Thursday, November 20th. Telsey Advisory Group reiterated an “outperform” rating and issued a $170.00 price objective on shares of TJX Companies in a research report on Wednesday. UBS Group restated a “buy” rating and set a $193.00 target price (up previously from $181.00) on shares of TJX Companies in a report on Thursday, January 8th. Barclays set a $172.00 target price on TJX Companies and gave the company an “overweight” rating in a research note on Thursday, December 4th. Finally, TD Cowen reiterated a “buy” rating on shares of TJX Companies in a research report on Thursday, November 20th. Two equities research analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $163.86.

TJX Companies Company Profile

TJX Companies, Inc is a leading off-price retailer of apparel, footwear, home fashions and other consumer goods. The company operates multiple retail concepts that offer discounted brand-name and designer merchandise, including well-known banners such as T.J. Maxx and Marshalls in the United States, HomeGoods for home furnishings, TK Maxx in parts of Europe, and Winners and Homesense in Canada. Merchandise categories span women’s, men’s and children’s apparel, accessories, beauty, home décor, kitchenware and small furniture, with frequent changes in assortment that create a “treasure-hunt” shopping experience for consumers.

The company’s business model centers on opportunistic buying, purchasing excess, irregular or out-of-season inventory from manufacturers, department stores and other suppliers, and passing savings to customers through lower prices.