Zevin Asset Management LLC Trims Stake in TJX Companies, Inc. (The) (TJX)

Zevin Asset Management LLC trimmed its holdings in shares of TJX Companies, Inc. (The) (NYSE:TJX) by 11.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 138,767 shares of the apparel and home fashions retailer’s stock after selling 17,077 shares during the period. TJX Companies, Inc. (The) accounts for about 2.4% of Zevin Asset Management LLC’s investment portfolio, making the stock its 9th biggest holding. Zevin Asset Management LLC’s holdings in TJX Companies, Inc. (The) were worth $10,231,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of TJX. Prudential Financial Inc. raised its stake in shares of TJX Companies, Inc. (The) by 1.2% during the first quarter. Prudential Financial Inc. now owns 1,136,801 shares of the apparel and home fashions retailer’s stock worth $89,899,000 after buying an additional 13,040 shares during the last quarter. Stifel Financial Corp raised its stake in shares of TJX Companies, Inc. (The) by 1.6% during the first quarter. Stifel Financial Corp now owns 1,782,882 shares of the apparel and home fashions retailer’s stock worth $141,031,000 after buying an additional 27,307 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of TJX Companies, Inc. (The) by 293.0% during the first quarter. SG Americas Securities LLC now owns 80,637 shares of the apparel and home fashions retailer’s stock worth $6,377,000 after buying an additional 60,121 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of TJX Companies, Inc. (The) by 20.2% during the first quarter. Victory Capital Management Inc. now owns 39,110 shares of the apparel and home fashions retailer’s stock worth $3,093,000 after buying an additional 6,576 shares during the last quarter. Finally, Noesis Capital Mangement Corp bought a new stake in shares of TJX Companies, Inc. (The) during the first quarter worth approximately $210,000. 89.33% of the stock is owned by institutional investors and hedge funds.

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TJX Companies, Inc. (TJX) opened at $68.60 on Monday. TJX Companies, Inc. has a 1-year low of $66.65 and a 1-year high of $80.92. The company has a market cap of $43,648.41, a price-to-earnings ratio of 19.00, a P/E/G ratio of 1.64 and a beta of 0.72. The company has a current ratio of 1.63, a quick ratio of 0.80 and a debt-to-equity ratio of 0.49.

TJX Companies, Inc. (The) (NYSE:TJX) last announced its earnings results on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.01. The business had revenue of $8.36 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.84 earnings per share. analysts forecast 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. Shareholders of record on Thursday, November 9th will be paid a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend is Wednesday, November 8th. TJX Companies, Inc. (The)’s dividend payout ratio is currently 35.41%.

A number of research firms recently weighed in on TJX. Jefferies Group LLC reissued a “hold” rating and set a $75.00 price target on shares of TJX Companies, Inc. (The) in a research note on Thursday, September 28th. Royal Bank Of Canada reissued a “buy” rating and set a $76.00 price target on shares of TJX Companies, Inc. (The) in a research note on Monday, September 18th. Northcoast Research raised shares of TJX Companies, Inc. (The) from a “neutral” rating to a “buy” rating and set a $86.00 price target for the company in a research note on Thursday, September 7th. They noted that the move was a valuation call. Zacks Investment Research raised shares of TJX Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a research note on Tuesday, October 10th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of TJX Companies, Inc. (The) in a research note on Tuesday, September 12th. Four analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $83.25.

In other TJX Companies, Inc. (The) news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction on Friday, September 1st. The shares were sold at an average price of $72.52, for a total value of $1,450,400.00. Following the completion of the sale, the chief executive officer now owns 480,821 shares in the company, valued at $34,869,138.92. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.23% of the company’s stock.

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.

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

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