Atalanta Sosnoff Capital LLC Sells 23,851 Shares of TJX Companies Inc (NYSE:TJX)

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Atalanta Sosnoff Capital LLC cut its position in shares of TJX Companies Inc (NYSE:TJX) by 3.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 721,681 shares of the apparel and home fashions retailer’s stock after selling 23,851 shares during the period. Atalanta Sosnoff Capital LLC’s holdings in TJX Companies were worth $40,226,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TJX. Bristol John W & Co. Inc. NY grew its position in TJX Companies by 0.9% during the 3rd quarter. Bristol John W & Co. Inc. NY now owns 1,718,833 shares of the apparel and home fashions retailer’s stock worth $95,807,000 after acquiring an additional 14,824 shares during the last quarter. Reilly Financial Advisors LLC grew its position in TJX Companies by 2.2% during the 3rd quarter. Reilly Financial Advisors LLC now owns 243,876 shares of the apparel and home fashions retailer’s stock worth $13,594,000 after acquiring an additional 5,234 shares during the last quarter. Acropolis Investment Management LLC grew its position in TJX Companies by 1.1% during the 3rd quarter. Acropolis Investment Management LLC now owns 30,093 shares of the apparel and home fashions retailer’s stock worth $1,660,000 after acquiring an additional 335 shares during the last quarter. Smithbridge Asset Management Inc. DE grew its position in TJX Companies by 0.4% during the 3rd quarter. Smithbridge Asset Management Inc. DE now owns 95,467 shares of the apparel and home fashions retailer’s stock worth $5,321,000 after acquiring an additional 350 shares during the last quarter. Finally, Wambolt & Associates LLC grew its position in TJX Companies by 34.6% during the 3rd quarter. Wambolt & Associates LLC now owns 10,470 shares of the apparel and home fashions retailer’s stock worth $584,000 after acquiring an additional 2,692 shares during the last quarter. Hedge funds and other institutional investors own 89.34% of the company’s stock.

Shares of TJX traded up $0.66 during trading hours on Tuesday, hitting $58.78. The stock had a trading volume of 3,224,522 shares, compared to its average volume of 5,135,250. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.25 and a quick ratio of 0.48. TJX Companies Inc has a 12 month low of $41.49 and a 12 month high of $59.15. The firm has a market capitalization of $70.81 billion, a PE ratio of 27.86, a PEG ratio of 2.11 and a beta of 0.68. The stock has a fifty day moving average price of $55.66 and a 200 day moving average price of $54.00.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Tuesday, August 20th. The apparel and home fashions retailer reported $0.62 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.62. TJX Companies had a return on equity of 57.64% and a net margin of 7.66%. The company had revenue of $9.78 billion during the quarter, compared to analyst estimates of $9.89 billion. During the same quarter in the previous year, the company posted $1.17 earnings per share. TJX Companies’s revenue was up 4.8% compared to the same quarter last year. As a group, analysts anticipate that TJX Companies Inc will post 2.61 EPS for the current fiscal year.

The company also recently disclosed a — dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be issued a $0.23 dividend. This represents a dividend yield of 1.7%. The ex-dividend date of this dividend is Wednesday, November 13th. TJX Companies’s payout ratio is currently 43.60%.

Several equities analysts recently issued reports on the company. MKM Partners set a $62.00 price target on TJX Companies and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Nomura raised their target price on TJX Companies from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. ValuEngine cut TJX Companies from a “sell” rating to a “strong sell” rating in a research note on Monday, September 16th. Argus reiterated a “buy” rating on shares of TJX Companies in a research note on Wednesday, July 3rd. Finally, UBS Group upgraded TJX Companies from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $41.00 to $58.00 in a research note on Tuesday, September 17th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $59.39.

About TJX Companies

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; jewelry and accessories; footwear; and other merchandise.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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