TJX Companies, Inc. (The) (TJX) is Wendell David Associates Inc.’s 6th Largest Position

Wendell David Associates Inc. raised its position in TJX Companies, Inc. (The) (NYSE:TJX) by 1.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 226,028 shares of the apparel and home fashions retailer’s stock after acquiring an additional 2,635 shares during the period. TJX Companies, Inc. (The) comprises approximately 2.9% of Wendell David Associates Inc.’s holdings, making the stock its 6th largest holding. Wendell David Associates Inc.’s holdings in TJX Companies, Inc. (The) were worth $16,665,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of TJX. BlackRock Inc. raised its holdings in TJX Companies, Inc. (The) by 1,980.9% in the 1st quarter. BlackRock Inc. now owns 41,771,049 shares of the apparel and home fashions retailer’s stock valued at $3,303,255,000 after acquiring an additional 39,763,685 shares in the last quarter. Alliancebernstein L.P. raised its holdings in TJX Companies, Inc. (The) by 278.1% in the 2nd quarter. Alliancebernstein L.P. now owns 6,791,045 shares of the apparel and home fashions retailer’s stock valued at $490,110,000 after acquiring an additional 4,994,846 shares in the last quarter. Wellington Management Group LLP raised its holdings in TJX Companies, Inc. (The) by 19.2% in the 1st quarter. Wellington Management Group LLP now owns 20,703,582 shares of the apparel and home fashions retailer’s stock valued at $1,637,238,000 after acquiring an additional 3,339,536 shares in the last quarter. Flossbach Von Storch AG raised its holdings in TJX Companies, Inc. (The) by 265.0% in the 2nd quarter. Flossbach Von Storch AG now owns 4,152,020 shares of the apparel and home fashions retailer’s stock valued at $299,651,000 after acquiring an additional 3,014,430 shares in the last quarter. Finally, Fiduciary Management Inc. WI acquired a new position in TJX Companies, Inc. (The) in the 1st quarter valued at approximately $225,702,000. 89.31% of the stock is owned by hedge funds and other institutional investors.

TJX has been the subject of several recent research reports. Zacks Investment Research raised TJX Companies, Inc. (The) from a “sell” rating to a “buy” rating and set a $79.00 price target for the company in a report on Tuesday, July 18th. Northcoast Research raised TJX Companies, Inc. (The) from a “neutral” rating to a “buy” rating and set a $86.00 target price for the company in a report on Thursday, September 7th. They noted that the move was a valuation call. Royal Bank Of Canada reissued a “buy” rating and issued a $76.00 target price on shares of TJX Companies, Inc. (The) in a report on Monday, September 18th. BidaskClub cut TJX Companies, Inc. (The) from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, Sanford C. Bernstein started coverage on TJX Companies, Inc. (The) in a report on Tuesday, September 12th. They issued an “outperform” rating and a $88.00 target price for the company. Four analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $83.25.

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In other TJX Companies, Inc. (The) news, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $72.52, for a total transaction of $1,450,400.00. Following the completion of the transaction, the chief executive officer now directly owns 480,821 shares in the company, valued at $34,869,138.92. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.23% of the stock is owned by insiders.

Shares of TJX Companies, Inc. (NYSE TJX) opened at 70.54 on Friday. TJX Companies, Inc. has a 52-week low of $66.66 and a 52-week high of $80.92. The company has a market capitalization of $44.88 billion, a price-to-earnings ratio of 19.97 and a beta of 0.78. The company’s 50-day moving average price is $72.71 and its 200-day moving average price is $73.02.

TJX Companies, Inc. (The) (NYSE:TJX) last announced its quarterly earnings data on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 EPS for the quarter, beating the consensus estimate 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 business earned $0.84 earnings per share. The company’s revenue was up 6.0% on a year-over-year basis. Equities research analysts forecast that TJX Companies, Inc. will post $3.93 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 9th will be given a dividend of $0.3125 per share. The ex-dividend date of this dividend is Wednesday, November 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%.

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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