TJX Companies, Inc. (The) (NYSE:TJX) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its holdings in TJX Companies, Inc. (The) (NYSE:TJX) by 7.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,084,881 shares of the apparel and home fashions retailer’s stock after selling 173,944 shares during the period. New York State Common Retirement Fund owned approximately 0.32% of TJX Companies, Inc. (The) worth $150,466,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TJX. Jackson Wealth Management LLC grew its position in TJX Companies, Inc. (The) by 0.8% in the first quarter. Jackson Wealth Management LLC now owns 21,018 shares of the apparel and home fashions retailer’s stock worth $1,599,000 after acquiring an additional 171 shares in the last quarter. JLB & Associates Inc. bought a new stake in TJX Companies, Inc. (The) in the second quarter worth $8,295,000. Waldron LP lifted its stake in TJX Companies, Inc. (The) by 96.7% in the first quarter. Waldron LP now owns 5,678 shares of the apparel and home fashions retailer’s stock worth $449,000 after purchasing an additional 2,792 shares during the last quarter. Davis R M Inc. lifted its stake in TJX Companies, Inc. (The) by 0.7% in the second quarter. Davis R M Inc. now owns 382,610 shares of the apparel and home fashions retailer’s stock worth $27,613,000 after purchasing an additional 2,802 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of TJX Companies, Inc. (The) by 5.2% during the first quarter. Vanguard Group Inc. now owns 47,108,264 shares of the apparel and home fashions retailer’s stock valued at $3,725,322,000 after acquiring an additional 2,336,495 shares during the last quarter. Hedge funds and other institutional investors own 89.09% of the company’s stock.

TJX has been the subject of several recent analyst reports. BidaskClub cut shares of TJX Companies, Inc. (The) from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Zacks Investment Research upgraded shares of TJX Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a report on Tuesday, October 10th. Jefferies Group LLC reiterated a “hold” rating and set a $75.00 price target on shares of TJX Companies, Inc. (The) in a report on Thursday, September 28th. Credit Suisse Group set a $72.00 price objective on shares of TJX Companies, Inc. (The) and gave the company a “neutral” rating in a research report on Wednesday, August 2nd. Finally, BMO Capital Markets set a $85.00 price objective on shares of TJX Companies, Inc. (The) and gave the company a “buy” rating in a research report on Monday, July 17th. Four research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. TJX Companies, Inc. (The) has an average rating of “Buy” and a consensus target price of $83.16.

In related news, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $72.52, for a total transaction of $1,450,400.00. Following the sale, the chief executive officer now directly owns 480,821 shares of the company’s stock, valued at approximately $34,869,138.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.23% of the company’s stock.

Shares of TJX Companies, Inc. (NYSE TJX) opened at 71.80 on Wednesday. The stock has a 50 day moving average of $72.97 and a 200 day moving average of $73.38. TJX Companies, Inc. has a 12-month low of $66.66 and a 12-month high of $80.92. The company has a market cap of $45.68 billion, a price-to-earnings ratio of 20.32 and a beta of 0.78.

TJX Companies, Inc. (The) (NYSE:TJX) last issued its earnings results on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.01. TJX Companies, Inc. (The) had a return on equity of 52.87% and a net margin of 6.83%. The business had revenue of $8.36 billion during the quarter, compared to analysts’ expectations of $8.29 billion. During the same quarter in the previous year, the business earned $0.84 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. Analysts forecast that TJX Companies, Inc. will post $3.93 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 9th will be given a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a dividend yield of 1.74%. The ex-dividend date is Wednesday, November 8th. TJX Companies, Inc. (The)’s dividend payout ratio is currently 35.41%.

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TJX Companies, Inc. (The) 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.

Institutional Ownership by Quarter for TJX Companies, Inc. (The) (NYSE:TJX)

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