Norway Savings Bank Has $747,000 Stake in TJX Companies, Inc. (The) (NYSE:TJX)

Norway Savings Bank lowered its position in TJX Companies, Inc. (The) (NYSE:TJX) by 0.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,352 shares of the apparel and home fashions retailer’s stock after selling 15 shares during the period. Norway Savings Bank’s holdings in TJX Companies, Inc. (The) were worth $747,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Kentucky Retirement Systems purchased a new stake in shares of TJX Companies, Inc. (The) during the fourth quarter worth $3,554,000. Pegasus Partners Ltd. raised its stake in shares of TJX Companies, Inc. (The) by 0.6% in the fourth quarter. Pegasus Partners Ltd. now owns 22,764 shares of the apparel and home fashions retailer’s stock worth $1,710,000 after buying an additional 135 shares in the last quarter. M Holdings Securities Inc. raised its stake in shares of TJX Companies, Inc. (The) by 0.4% in the fourth quarter. M Holdings Securities Inc. now owns 3,148 shares of the apparel and home fashions retailer’s stock worth $237,000 after buying an additional 12 shares in the last quarter. Whalerock Point Partners LLC raised its stake in shares of TJX Companies, Inc. (The) by 24.2% in the fourth quarter. Whalerock Point Partners LLC now owns 12,098 shares of the apparel and home fashions retailer’s stock worth $910,000 after buying an additional 2,354 shares in the last quarter. Finally, HighPoint Advisor Group LLC raised its stake in shares of TJX Companies, Inc. (The) by 3.0% in the fourth quarter. HighPoint Advisor Group LLC now owns 4,708 shares of the apparel and home fashions retailer’s stock worth $369,000 after buying an additional 137 shares in the last quarter. 89.85% of the stock is owned by institutional investors.

Shares of TJX Companies, Inc. (NYSE TJX) opened at 71.07 on Friday. The company has a market cap of $45.72 billion, a price-to-earnings ratio of 20.18 and a beta of 0.77. TJX Companies, Inc. has a 12 month low of $66.66 and a 12 month high of $83.64. The company’s 50 day moving average price is $70.05 and its 200 day moving average price is $74.95.

TJX Companies, Inc. (The) (NYSE:TJX) last posted its earnings results on Tuesday, May 16th. The apparel and home fashions retailer reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.03. The company had revenue of $7.78 billion for the quarter, compared to analysts’ expectations of $7.88 billion. TJX Companies, Inc. (The) had a return on equity of 53.34% and a net margin of 6.96%. TJX Companies, Inc. (The)’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period last year, the firm earned $0.76 earnings per share. On average, equities analysts expect that TJX Companies, Inc. will post $3.89 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 10th will be paid a $0.3125 dividend. The ex-dividend date is Tuesday, August 8th. This represents a $1.25 annualized dividend and a dividend yield of 1.76%. TJX Companies, Inc. (The)’s payout ratio is presently 35.51%.

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A number of brokerages recently weighed in on TJX. Zacks Investment Research lowered TJX Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Wednesday, April 26th. Credit Suisse Group restated a “hold” rating and set a $79.00 price objective on shares of TJX Companies, Inc. (The) in a research report on Wednesday, May 17th. BMO Capital Markets restated a “buy” rating and set a $85.00 price objective on shares of TJX Companies, Inc. (The) in a research report on Thursday, June 8th. Instinet restated a “buy” rating and set a $84.00 price objective (down previously from $87.00) on shares of TJX Companies, Inc. (The) in a research report on Wednesday, May 17th. Finally, Nomura restated a “buy” rating and set a $84.00 price objective on shares of TJX Companies, Inc. (The) in a research report on Wednesday, May 17th. Four research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $83.78.

In related news, EVP Kenneth Canestrari sold 4,000 shares of the firm’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $75.80, for a total value of $303,200.00. Following the sale, the executive vice president now directly owns 86,243 shares of the company’s stock, valued at $6,537,219.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Richard Sherr sold 1,179 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $75.58, for a total value of $89,108.82. Following the completion of the sale, the executive vice president now directly owns 120,000 shares in the company, valued at $9,069,600. The disclosure for this sale can be found here. 0.23% of the stock is owned by company insiders.

TJX Companies, Inc. (The) Company 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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