Has $4.63 Million Position in TJX Companies, Inc. (The) (TJX)

Xavier Trudeau
Juillet 2, 2017

BMO Capital Markets restated a buy rating and set a $85.00 price objective on shares of TJX Companies, Inc. (The) in a research report on Thursday, June 8th. Jackson Grant Investment Advisers Inc. boosted its position in shares of TJX Companies, Inc. (The) in a research report on Wednesday, May 17th. Instinet reiterated a buy rating and set a $84.00 price target (down from $87.00) on shares of TJX Companies, Inc. Jefferies Group LLC set a $80.00 price target on shares of TJX Companies, Inc. (The) and gave the company a "buy" rating in a report on Monday, March 27th. Finally, Zacks Investment Research lowered shares of TJX Companies, Inc. (The) and gave the stock a "buy" rating in a research note on Wednesday, May 17th. (The) and gave the stock a "hold" rating in a research report on Tuesday, May 16th. TJX Companies, Inc. (The) presently has an average rating of "Buy" and an average price target of $84.82. (TJX) traded up 1.53% on Friday, hitting $72.17. The company has a 50-day moving average price of $73.56 and a 200 day moving average price of $76.31.

TJX Companies (NYSE:TJX) now has a trailing P/E of 20.18 while its forward P/E according to Thomson Reuters is 16.84.

TJX Companies, Inc. (The) (NYSE:TJX) last released its quarterly earnings results on Tuesday, May 16th. (The) by 0.4% in the first quarter. TJX Companies, Inc. (The) had a return on equity of 53.34% and a net margin of 6.96%. The company had revenue of $7.78 billion during the quarter, compared to the consensus estimate of $7.88 billion. During the same period a year ago, the company earned $0.76 earnings per share. On average, equities analysts predict that TJX Companies, Inc. will post $3.89 EPS for the current year. Equities analysts anticipate that TJX Companies, Inc. will post $3.89 EPS for the current year.

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The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Thursday, August 10th will be issued a $0.3125 dividend. This represents a $1.25 annualized dividend and a yield of 1.76%.

According to Yahoo Finance, The Dividend Date for TJX Companies is Aug 31, 2017 and its Ex-Dividend Date is May 9, 2017. TJX Companies, Inc. (The)'s dividend payout ratio is now 35.51%. Morgan Stanley upgraded TJX Companies, Inc.

In other news, EVP Kenneth Canestrari sold 4,000 shares of the company's stock in a transaction that occurred on Thursday, June 1st. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Scott Goldenberg sold 15,571 shares of the firm's stock in a transaction on Wednesday, April 19th.

The stock is now moving with a Negative distance from 200-Day Simple Moving Average of about -6.45% and has no so good Year to Date (YTD) Performance of -5.39% which means the stock is constantly adding to its value from previous fiscal year end price. Following the transaction, the executive vice president now directly owns 86,243 shares of the company's stock, valued at $6,537,219.40. The disclosure for this sale can be found here. Insiders have sold a total of 40,750 shares of company stock valued at $3,156,056 over the last three months. Corporate insiders own 0.23% of the company's stock.

Several other large investors also recently added to or reduced their stakes in TJX. Israel Discount Bank of New York GFN acquired a new position in shares of TJX Companies, Inc. TJX Companies, Inc. (The) earned a news impact score of -0.04 on Accern's scale. (The) during the fourth quarter worth approximately $4,261,000. Mosaic Family Wealth LLC now owns 1,862 shares of the apparel and home fashions retailer's stock valued at $147,000 after buying an additional 108 shares during the last quarter. Investec Asset Management LTD boosted its position in shares of TJX Companies, Inc. (The) by 0.3% in the fourth 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. Baird Financial Group Inc. now owns 71,743 shares of the apparel and home fashions retailer's stock worth $5,390,000 after buying an additional 318 shares during the last quarter. Institutional investors own 89.02% of the company's stock.

TJX Companies, Inc. has a 12 month low of $68.22 and a 12 month high of $83.64. The apparel and home fashions retailer reported $0.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.03. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International.

The TJX Companies, Inc (TJX) is an off-price apparel and home fashions retailer in the United States and across the world.

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