TJX Companies, Inc. (The) (TJX) Shares Bought by Elkhorn Investments LLC

Elkhorn Investments LLC boosted its stake in TJX Companies, Inc. (The) (NYSE:TJX) by 3.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,373 shares of the apparel and home fashions retailer’s stock after buying an additional 509 shares during the period. Elkhorn Investments LLC’s holdings in TJX Companies, Inc. (The) were worth $1,008,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in TJX Companies, Inc. (The) by 1.5% in the second quarter. Vanguard Group Inc. now owns 47,816,796 shares of the apparel and home fashions retailer’s stock worth $3,450,938,000 after buying an additional 708,532 shares during the period. BlackRock Inc. lifted its holdings in shares of TJX Companies, Inc. (The) by 4.8% during the second quarter. BlackRock Inc. now owns 43,767,923 shares of the apparel and home fashions retailer’s stock valued at $3,158,729,000 after purchasing an additional 1,996,874 shares during the last quarter. State Street Corp lifted its holdings in shares of TJX Companies, Inc. (The) by 6.6% during the first quarter. State Street Corp now owns 28,798,593 shares of the apparel and home fashions retailer’s stock valued at $2,277,402,000 after purchasing an additional 1,773,046 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of TJX Companies, Inc. (The) by 19.2% during the first 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 purchasing an additional 3,339,536 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of TJX Companies, Inc. (The) by 0.6% during the second quarter. Ameriprise Financial Inc. now owns 8,467,659 shares of the apparel and home fashions retailer’s stock valued at $610,888,000 after purchasing an additional 51,364 shares during the last quarter. Institutional investors and hedge funds own 89.14% of the company’s stock.

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

TJX Companies, Inc. (TJX) opened at 72.55 on Thursday. The stock has a market capitalization of $46.16 billion, a P/E ratio of 20.53 and a beta of 0.78. TJX Companies, Inc. has a 1-year low of $66.65 and a 1-year high of $80.92. The stock has a 50 day moving average of $72.89 and a 200 day moving average of $73.52.

TJX Companies, Inc. (The) (NYSE:TJX) last issued its quarterly earnings data on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 EPS for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.01. The firm had revenue of $8.36 billion for 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 period in the prior year, the company earned $0.84 EPS. On average, analysts expect that TJX Companies, Inc. will post $3.93 earnings per share for the current year.

The firm also recently disclosed 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 is Wednesday, November 8th. This represents a $1.25 dividend on an annualized basis and a yield of 1.72%. TJX Companies, Inc. (The)’s payout ratio is 35.41%.

TJX has been the subject of several analyst reports. Jefferies Group LLC reissued a “hold” rating and set a $75.00 price target on shares of TJX Companies, Inc. (The) in a research report on Thursday, September 28th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $76.00 target price on shares of TJX Companies, Inc. (The) in a research report 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 target price for the company in a research report 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 price objective for the company in a research report on Tuesday. Finally, BMO Capital Markets reissued an “outperform” rating on shares of TJX Companies, Inc. (The) in a research report on Tuesday, September 12th. Four research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $83.25.

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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