Highbridge Capital Management LLC Takes Position in TJX Companies, Inc. (The) (TJX)

Highbridge Capital Management LLC purchased a new stake in shares of TJX Companies, Inc. (The) (NYSE:TJX) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 157,417 shares of the apparel and home fashions retailer’s stock, valued at approximately $12,448,000.

Other hedge funds have also added to or reduced their stakes in the company. TrimTabs Asset Management LLC increased its position in TJX Companies, Inc. (The) by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 1,411 shares of the apparel and home fashions retailer’s stock worth $112,000 after buying an additional 664 shares in the last quarter. Israel Discount Bank of New York bought a new position in TJX Companies, Inc. (The) during the first quarter worth $130,000. Mosaic Family Wealth LLC increased its position in TJX Companies, Inc. (The) by 6.2% in the first quarter. Mosaic Family Wealth LLC now owns 1,862 shares of the apparel and home fashions retailer’s stock worth $147,000 after buying an additional 108 shares in the last quarter. Howard Hughes Medical Institute bought a new position in TJX Companies, Inc. (The) during the first quarter worth $171,000. Finally, SRS Capital Advisors Inc. increased its position in TJX Companies, Inc. (The) by 14.3% in the first quarter. SRS Capital Advisors Inc. now owns 2,201 shares of the apparel and home fashions retailer’s stock worth $174,000 after buying an additional 276 shares in the last quarter. Institutional investors and hedge funds own 89.56% of the company’s stock.

TJX Companies, Inc. (TJX) opened at 70.47 on Friday. TJX Companies, Inc. has a 52 week low of $66.65 and a 52 week high of $80.92. The stock has a 50 day moving average of $70.06 and a 200 day moving average of $74.80. The firm has a market cap of $45.69 billion, a PE ratio of 19.95 and a beta of 0.77.

TJX Companies, Inc. (The) (NYSE:TJX) last released its earnings results on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.01. TJX Companies, Inc. (The) had a net margin of 6.83% and a return on equity of 52.87%. The company had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.29 billion. During the same period in the prior year, the company posted $0.84 EPS. The company’s revenue was up 6.0% compared to the same quarter last year. Analysts anticipate that TJX Companies, Inc. will post $3.92 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Thursday, August 10th will be given a dividend of $0.3125 per share. The ex-dividend date is Tuesday, August 8th. This represents a $1.25 dividend on an annualized basis and a yield of 1.77%. TJX Companies, Inc. (The)’s payout ratio is presently 35.41%.

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TJX has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of TJX Companies, Inc. (The) from a “sell” rating to a “buy” rating and set a $79.00 price target on the stock in a research note on Tuesday, July 18th. Royal Bank Of Canada reissued an “outperform” rating and issued a $79.00 price objective (down previously from $82.00) on shares of TJX Companies, Inc. (The) in a research report on Wednesday, May 17th. BMO Capital Markets reissued a “buy” rating and issued a $85.00 price objective on shares of TJX Companies, Inc. (The) in a research report on Thursday, June 8th. BidaskClub raised shares of TJX Companies, Inc. (The) from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 28th. Finally, Nomura reaffirmed a “buy” rating and set a $84.00 price target on shares of TJX Companies, Inc. (The) in a report on Wednesday, May 17th. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. TJX Companies, Inc. (The) presently has a consensus rating of “Buy” and a consensus target price of $82.61.

In other news, EVP Kenneth Canestrari sold 4,000 shares of the company’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 completion of the sale, the executive vice president now directly owns 86,243 shares of the company’s stock, valued at approximately $6,537,219.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.23% of the company’s stock.

About TJX Companies, Inc. (The)

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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