Parametric Portfolio Associates LLC Has $177.11 Million Stake in TJX Companies, Inc. (The) (TJX)

Parametric Portfolio Associates LLC increased its position in TJX Companies, Inc. (The) (NYSE:TJX) by 65.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,454,108 shares of the apparel and home fashions retailer’s stock after buying an additional 971,092 shares during the period. Parametric Portfolio Associates LLC owned about 0.38% of TJX Companies, Inc. (The) worth $177,113,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. TrimTabs Asset Management LLC raised its position in shares of 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 valued at $112,000 after buying an additional 664 shares during the last quarter. Israel Discount Bank of New York acquired a new position in shares of TJX Companies, Inc. (The) in the first quarter valued at approximately $130,000. Jacobi Capital Management LLC raised its position in shares of TJX Companies, Inc. (The) by 12.9% in the first quarter. Jacobi Capital Management LLC now owns 1,748 shares of the apparel and home fashions retailer’s stock valued at $133,000 after buying an additional 200 shares during the last quarter. Mosaic Family Wealth LLC raised its position in shares of TJX Companies, Inc. (The) by 7.2% in the second quarter. Mosaic Family Wealth LLC now owns 1,996 shares of the apparel and home fashions retailer’s stock valued at $144,000 after buying an additional 134 shares during the last quarter. Finally, Oakworth Capital Inc. raised its position in shares of TJX Companies, Inc. (The) by 10.1% in the second quarter. Oakworth Capital Inc. now owns 2,024 shares of the apparel and home fashions retailer’s stock valued at $146,000 after buying an additional 185 shares during the last quarter. 89.14% of the stock is owned by institutional investors and hedge funds.

TJX Companies, Inc. (The) (NYSE:TJX) last posted its quarterly earnings results on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.01. The business had revenue of $8.36 billion during the quarter, compared to analyst estimates of $8.29 billion. TJX Companies, Inc. (The) had a net margin of 6.83% and a return on equity of 52.87%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.84 earnings per share.

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

TJX has been the subject of a number of recent analyst reports. Jefferies Group LLC set a $75.00 target price on shares of TJX Companies, Inc. (The) and gave the company a “hold” rating in a report on Tuesday, August 15th. Zacks Investment Research upgraded shares of TJX Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a report on Wednesday, August 9th. Nomura set a $80.00 target price on shares of TJX Companies, Inc. (The) and gave the company a “buy” rating in a report on Wednesday, August 16th. Instinet restated a “buy” rating and issued a $80.00 target price (down from $83.00) on shares of TJX Companies, Inc. (The) in a report on Wednesday, August 16th. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $90.00 target price (down from $97.00) on shares of TJX Companies, Inc. (The) in a report on Wednesday, August 16th. Four research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. TJX Companies, Inc. (The) currently has a consensus rating of “Buy” and an average price target of $83.16.

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In related news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $72.52, for a total value of $1,450,400.00. Following the transaction, the chief executive officer now owns 480,821 shares in the company, valued at $34,869,138.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.23% of the stock is owned by corporate insiders.

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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