TJX Companies, Inc. (The) (NYSE:TJX) Position Reduced by TCW Group Inc.

TCW Group Inc. lowered its position in shares of TJX Companies, Inc. (The) (NYSE:TJX) by 72.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,237 shares of the apparel and home fashions retailer’s stock after selling 51,441 shares during the period. TCW Group Inc.’s holdings in TJX Companies, Inc. (The) were worth $1,521,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of TJX. Jackson Wealth Management LLC increased 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 buying an additional 171 shares in the last quarter. Weybosset Research & Management LLC increased its position in TJX Companies, Inc. (The) by 1.0% in the first quarter. Weybosset Research & Management LLC now owns 77,865 shares of the apparel and home fashions retailer’s stock worth $6,158,000 after buying an additional 770 shares in the last quarter. Waldron LP increased its position 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 buying an additional 2,792 shares in the last quarter. Trust Co. of Vermont increased its position in TJX Companies, Inc. (The) by 2.0% in the first quarter. Trust Co. of Vermont now owns 38,887 shares of the apparel and home fashions retailer’s stock worth $3,076,000 after buying an additional 781 shares in the last quarter. Finally, Hartford Financial Management Inc. acquired a new position in TJX Companies, Inc. (The) during the first quarter worth about $250,000. Institutional investors own 89.56% of the company’s stock.

TJX Companies, Inc. (NYSE:TJX) traded up 0.31% during mid-day trading on Friday, hitting $70.47. 6,655,057 shares of the stock were exchanged. The company has a 50-day moving average price of $70.06 and a 200-day moving average price of $74.80. The company has a market cap of $45.69 billion, a P/E ratio of 19.95 and a beta of 0.77. TJX Companies, Inc. has a one year low of $66.66 and a one year 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, topping 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 business had revenue of $8.36 billion during the quarter, compared to the consensus estimate of $8.29 billion. During the same period in the previous year, the firm posted $0.84 earnings per share. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. Analysts forecast that TJX Companies, Inc. will post $3.92 earnings per share for the current fiscal year.

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

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A number of research analysts recently issued reports on TJX shares. BidaskClub upgraded shares of TJX Companies, Inc. (The) from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Zacks Investment Research downgraded shares of TJX Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Wednesday, April 26th. Jefferies Group LLC set a $80.00 target price on shares of TJX Companies, Inc. (The) and gave the company a “hold” rating in a research report on Tuesday, May 16th. Royal Bank Of Canada restated an “outperform” rating and set a $79.00 target price (down from $82.00) on shares of TJX Companies, Inc. (The) in a research report on Wednesday, May 17th. Finally, Credit Suisse Group set a $72.00 price objective on shares of TJX Companies, Inc. (The) and gave the stock a “neutral” rating in a research report on Wednesday, August 2nd. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. TJX Companies, Inc. (The) has a consensus rating of “Buy” and a consensus target price of $82.61.

In other TJX Companies, Inc. (The) news, EVP Kenneth Canestrari sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $75.80, for a total transaction of $303,200.00. Following the completion of the sale, the executive vice president now directly owns 86,243 shares in the company, valued at $6,537,219.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.23% of the stock is owned by 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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