Investment Centers of America Inc. Increases Position in TJX Companies, Inc. (The) (TJX)

Investment Centers of America Inc. boosted its stake in shares of TJX Companies, Inc. (The) (NYSE:TJX) by 0.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,769 shares of the apparel and home fashions retailer’s stock after buying an additional 59 shares during the period. Investment Centers of America Inc.’s holdings in TJX Companies, Inc. (The) were worth $617,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Charter Trust Co. acquired a new stake in TJX Companies, Inc. (The) during the first quarter valued at approximately $252,000. Stock Yards Bank & Trust Co. increased its position in shares of TJX Companies, Inc. (The) by 5.9% in the first quarter. Stock Yards Bank & Trust Co. now owns 78,800 shares of the apparel and home fashions retailer’s stock valued at $6,231,000 after buying an additional 4,383 shares during the last quarter. Sheets Smith Wealth Management increased its position in shares of TJX Companies, Inc. (The) by 2.0% in the first quarter. Sheets Smith Wealth Management now owns 29,698 shares of the apparel and home fashions retailer’s stock valued at $2,348,000 after buying an additional 585 shares during the last quarter. Chesley Taft & Associates LLC increased its position in TJX Companies, Inc. (The) by 0.7% in the first quarter. Chesley Taft & Associates LLC now owns 29,798 shares of the apparel and home fashions retailer’s stock worth $2,356,000 after buying an additional 200 shares in the last quarter. Finally, Gulf International Bank UK Ltd increased its position in TJX Companies, Inc. (The) by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 205,291 shares of the apparel and home fashions retailer’s stock worth $16,234,000 after buying an additional 2,630 shares in the last quarter. 89.56% of the stock is currently owned by hedge funds and other institutional investors.

Shares of TJX Companies, Inc. (TJX) opened at 70.47 on Friday. The firm has a market capitalization of $45.69 billion, a P/E ratio of 19.95 and a beta of 0.77. The company has a 50 day moving average of $70.06 and a 200-day moving average of $74.80. TJX Companies, Inc. has a 12 month low of $66.65 and a 12 month high of $80.92.

TJX Companies, Inc. (The) (NYSE:TJX) last issued its quarterly earnings results on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $8.36 billion for the quarter, compared to analysts’ expectations of $8.29 billion. During the same quarter in the prior year, the firm earned $0.84 EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. Analysts predict that TJX Companies, Inc. will post $3.92 EPS for the current year.

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

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A number of equities research analysts recently weighed in on TJX shares. Cowen and Company set a $80.00 price target on shares of TJX Companies, Inc. (The) and gave the company a “buy” rating in a report on Wednesday, May 17th. 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. Zacks Investment Research raised shares of TJX Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a report on Tuesday, April 25th. Instinet reiterated a “buy” rating and issued a $84.00 price objective (down from $87.00) on shares of TJX Companies, Inc. (The) in a research report on Wednesday, May 17th. Finally, Royal Bank Of Canada set a $79.00 price target on shares of TJX Companies, Inc. (The) and gave the stock a “buy” rating in a research report on Monday, June 19th. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $82.61.

In other TJX Companies, Inc. (The) 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 owns 86,243 shares of the company’s stock, valued at approximately $6,537,219.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.23% of the company’s stock.

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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