Strs Ohio Reduces Position in TJX Companies, Inc. (The) (TJX)

Strs Ohio lessened its holdings in TJX Companies, Inc. (The) (NYSE:TJX) by 23.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 879,076 shares of the apparel and home fashions retailer’s stock after selling 274,390 shares during the quarter. Strs Ohio owned approximately 0.14% of TJX Companies, Inc. (The) worth $64,814,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Israel Discount Bank of New York acquired a new stake in TJX Companies, Inc. (The) during the 1st quarter valued at approximately $130,000. Jacobi Capital Management LLC increased its position in TJX Companies, Inc. (The) by 12.9% during the 1st quarter. Jacobi Capital Management LLC now owns 1,748 shares of the apparel and home fashions retailer’s stock valued at $133,000 after purchasing an additional 200 shares during the period. Lenox Wealth Management Inc. acquired a new stake in TJX Companies, Inc. (The) during the 2nd quarter valued at approximately $141,000. Mosaic Family Wealth LLC increased its position in TJX Companies, Inc. (The) by 7.2% during the 2nd quarter. Mosaic Family Wealth LLC now owns 1,996 shares of the apparel and home fashions retailer’s stock valued at $144,000 after purchasing an additional 134 shares during the period. Finally, Oakworth Capital Inc. increased its position in TJX Companies, Inc. (The) by 10.1% during the 2nd quarter. Oakworth Capital Inc. now owns 2,024 shares of the apparel and home fashions retailer’s stock valued at $146,000 after purchasing an additional 185 shares during the period. Institutional investors and hedge funds own 89.32% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Strs Ohio Reduces Position in TJX Companies, Inc. (The) (TJX)” was first posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this story on another site, it was copied illegally and reposted in violation of international copyright and trademark laws. The correct version of this story can be viewed at https://www.com-unik.info/2017/10/31/strs-ohio-reduces-position-in-tjx-companies-inc-the-tjx.html.

TJX Companies, Inc. (NYSE:TJX) opened at 69.35 on Tuesday. The company has a 50 day moving average price of $72.63 and a 200-day moving average price of $72.91. The company has a market capitalization of $44.13 billion, a PE ratio of 19.63 and a beta of 0.78. TJX Companies, Inc. has a one year low of $66.65 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 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.01. The company had revenue of $8.36 billion for the quarter, compared to analysts’ expectations of $8.29 billion. TJX Companies, Inc. (The) had a return on equity of 52.87% and a net margin of 6.83%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.84 earnings per share. Analysts expect that TJX Companies, Inc. will post $3.93 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 9th will be paid a $0.3125 dividend. The ex-dividend date of this dividend is Wednesday, November 8th. This represents a $1.25 annualized dividend and a yield of 1.80%. TJX Companies, Inc. (The)’s payout ratio is 35.41%.

A number of research firms have weighed in on TJX. BidaskClub raised 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 raised shares of TJX Companies, Inc. (The) from a “sell” rating to a “buy” rating and set a $79.00 target price for the company in a research report on Tuesday, July 18th. BMO Capital Markets set a $85.00 target price on shares of TJX Companies, Inc. (The) and gave the company a “buy” rating in a research report on Monday, July 17th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $90.00 target price (down previously from $97.00) on shares of TJX Companies, Inc. (The) in a research report on Wednesday, August 16th. Finally, Instinet reissued a “buy” rating and set a $80.00 target price (down previously from $83.00) on shares of TJX Companies, Inc. (The) in a research report on Wednesday, August 16th. Four investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $83.25.

In related news, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction 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 sale, the chief executive officer now directly owns 480,821 shares of the company’s stock, valued at $34,869,138.92. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.23% of the stock is owned by corporate insiders.

TJX Companies, Inc. (The) 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.

Want to see what other hedge funds are holding TJX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TJX Companies, Inc. (The) (NYSE:TJX).

Institutional Ownership by Quarter for TJX Companies, Inc. (The) (NYSE:TJX)

What are top analysts saying about TJX Companies Inc. (The)? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for TJX Companies Inc. (The) and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit