American International Group Inc. lifted its stake in shares of TJX Companies Inc (NYSE:TJX) by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 295,680 shares of the apparel and home fashions retailer’s stock after buying an additional 5,028 shares during the quarter. American International Group Inc.’s holdings in TJX Companies were worth $22,608,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in the company. Albion Financial Group UT raised its stake in shares of TJX Companies by 3.2% during the second quarter. Albion Financial Group UT now owns 15,551 shares of the apparel and home fashions retailer’s stock worth $1,122,000 after purchasing an additional 481 shares during the last quarter. BB&T Investment Services Inc. purchased a new stake in shares of TJX Companies during the second quarter worth approximately $441,000. Robecosam AG raised its stake in shares of TJX Companies by 10.6% during the second quarter. Robecosam AG now owns 7,850 shares of the apparel and home fashions retailer’s stock worth $558,000 after purchasing an additional 750 shares during the last quarter. Kingfisher Capital LLC raised its stake in shares of TJX Companies by 1.1% during the second quarter. Kingfisher Capital LLC now owns 14,937 shares of the apparel and home fashions retailer’s stock worth $1,078,000 after purchasing an additional 157 shares during the last quarter. Finally, National Asset Management Inc. raised its stake in shares of TJX Companies by 12.2% during the second quarter. National Asset Management Inc. now owns 5,561 shares of the apparel and home fashions retailer’s stock worth $403,000 after purchasing an additional 604 shares during the last quarter. 91.07% of the stock is owned by institutional investors and hedge funds.
In other TJX Companies news, Chairman Carol Meyrowitz sold 43,020 shares of the business’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $83.77, for a total value of $3,603,785.40. Following the transaction, the chairman now owns 294,098 shares in the company, valued at $24,636,589.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Amy B. Lane sold 1,000 shares of the business’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $82.81, for a total value of $82,810.00. Following the completion of the transaction, the director now owns 15,998 shares in the company, valued at approximately $1,324,794.38. The disclosure for this sale can be found here. Insiders have sold 65,020 shares of company stock worth $5,446,635 in the last quarter. 0.23% of the stock is currently owned by corporate insiders.
TJX Companies Inc (NYSE TJX) traded down $0.42 on Wednesday, hitting $81.88. The stock had a trading volume of 4,086,180 shares, compared to its average volume of 5,320,000. TJX Companies Inc has a 12 month low of $66.44 and a 12 month high of $84.79. The company has a quick ratio of 0.84, a current ratio of 1.66 and a debt-to-equity ratio of 0.43. The company has a market cap of $51,770.00, a P/E ratio of 18.95, a PEG ratio of 1.64 and a beta of 0.67.
TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.10. The business had revenue of $10.96 billion for the quarter, compared to analysts’ expectations of $10.75 billion. TJX Companies had a return on equity of 55.23% and a net margin of 7.27%. The company’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.03 EPS. research analysts expect that TJX Companies Inc will post 4.86 earnings per share for the current fiscal year.
TJX Companies announced that its Board of Directors has authorized a share repurchase program on Wednesday, February 28th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the apparel and home fashions retailer to buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.
TJX Companies Profile
The TJX Companies, Inc (TJX) is an off-price apparel and home fashions retailer in the United States and across the world. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. T.J. Maxx and Marshalls chains in the United States were collectively the off-price retailer in the United States with a total of 2,221 stores, as of January 28, 2017.
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