Donald L. Hagan LLC Purchases New Position in TJX Companies, Inc. (The) (TJX)

Donald L. Hagan LLC purchased a new position in shares of TJX Companies, Inc. (The) (NYSE:TJX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,745 shares of the apparel and home fashions retailer’s stock, valued at approximately $792,000.

Several other institutional investors have also modified their holdings of TJX. BlackRock Inc. lifted its stake in shares of TJX Companies, Inc. (The) by 1,980.9% during the 1st quarter. BlackRock Inc. now owns 41,771,049 shares of the apparel and home fashions retailer’s stock worth $3,303,255,000 after purchasing an additional 39,763,685 shares during the period. Alliancebernstein L.P. lifted its stake in shares of TJX Companies, Inc. (The) by 278.1% during the 2nd quarter. Alliancebernstein L.P. now owns 6,791,045 shares of the apparel and home fashions retailer’s stock worth $490,110,000 after purchasing an additional 4,994,846 shares during the period. Wellington Management Group LLP lifted its stake in shares of TJX Companies, Inc. (The) by 19.2% during the 1st quarter. Wellington Management Group LLP now owns 20,703,582 shares of the apparel and home fashions retailer’s stock worth $1,637,238,000 after purchasing an additional 3,339,536 shares during the period. Flossbach Von Storch AG lifted its stake in shares of TJX Companies, Inc. (The) by 265.0% during the 2nd quarter. Flossbach Von Storch AG now owns 4,152,020 shares of the apparel and home fashions retailer’s stock worth $299,651,000 after purchasing an additional 3,014,430 shares during the period. Finally, Fiduciary Management Inc. WI purchased a new position in shares of TJX Companies, Inc. (The) during the 1st quarter worth $225,702,000. 89.32% of the stock is currently owned by institutional investors.

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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 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 owns 480,821 shares of the company’s stock, valued at approximately $34,869,138.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.23% of the stock is owned by insiders.

A number of research analysts have weighed in on the company. Jefferies Group LLC set a $75.00 price target on TJX Companies, Inc. (The) and gave the stock a “hold” rating in a research note on Tuesday, August 15th. Zacks Investment Research raised TJX Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a research note on Wednesday, August 9th. Nomura set a $80.00 price target on TJX Companies, Inc. (The) and gave the stock a “buy” rating in a research note on Wednesday, August 16th. Instinet reaffirmed a “buy” rating and issued a $80.00 target price (down from $83.00) on shares of TJX Companies, Inc. (The) in a research report on Wednesday, August 16th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $90.00 target price (down from $97.00) on shares of TJX Companies, Inc. (The) in a research report on Wednesday, August 16th. Four equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $83.25.

TJX Companies, Inc. (The) (NYSE:TJX) last released its earnings results on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.01. The firm 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 business’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.84 EPS.

The company also recently announced 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. This represents a $1.25 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Wednesday, November 8th. TJX Companies, Inc. (The)’s dividend payout ratio is 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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